Result of AGM

RNS Number : 9156B

Baronsmead Venture Trust PLC

16 February 2022

 

Baronsmead Venture Trust Plc

("BVT" or the "Company")

Result of Annual General Meeting

BVT is pleased to announce that, at the Annual General Meeting held today, all resolutions were passed on a poll, including the following resolutions:

Resolution 11 (ordinary resolution): To authorise the Directors to allot shares pursuant to section 551 of the Companies Act 2006.

Resolution 12 (special resolution): To authorise the Directors to allot shares for cash pursuant to sections 570 and 573 of the Companies Act 2006 otherwise than in accordance with statutory pre-emption rights.

Resolution 13 (special resolution): To authorise the Directors to make market purchases of the Company's own shares.

Resolution 14 (special resolution): To authorise the Directors to convene a general meeting on not less than 14 clear days' notice.

Resolution 15 (special resolution): The Articles of Association be approved.

Resolution 16 (special resolution): The share capital of the Company be reduced by cancelling the entire amount standing to the credit of the Company's share premium account as at the date the order

is made confirming such cancellation by the High Court.

The results of the poll for each resolution were as follows:

Resolutions	Votes For	For (%)	Votes Against	Against (%)	Votes Withheld	Total Votes	% of Issued Share Capital voted
Resolution 1 To receive and adopt the accounts for the year ended 30 September 2021	20,312,229	99.94	12,390	0.06	80,131	20,324,619	6.62
Resolution 2 To declare a final dividend of 3.5 pence per share	20,297,877	99.87	26,742	0.13	80,131	20,324,619	6.62
Resolution 3 To approve Directors' Remuneration Report for the year ended 30 September 2021	19,348,988	96.95	607,700	3.05	448,062	19,956,688	6.50
Resolution 4 Re-election of Peter Lawrence	19,439,970	97.81	435,431	2.19	529,349	19,875,401	6.48
Resolution 5 Re-election of Les Gabb	19,371,789	98.64	266,929	1.36	766,032	19,638,718	6.40
Resolution 6 Re-election of Susannah Nicklin	19,360,872	98.33	328,465	1.67	715,413	19,689,337	6.42
Resolution 7 Election of Michael Probin	19,666,895	97.67	469,824	2.33	268,031	20,136,719	6.56
Resolution 8 Election of Fiona Miller Smith	19,528,593	98.06	386,471	1.94	489,686	19,915,064	6.49
Resolution 9 To appoint BDO LLP as the Auditor	19,693,485	97.69	464,997	2.31	246,268	20,158,482	6.57
Resolution 10 Authorise Audit Committee to determine auditor remuneration	19,834,662	98.46	309,780	1.54	260,308	20,144,442	6.56
Resolution 11 Authority to allot shares	19,925,115	98.49	305,205	1.51	174,430	20,230,320	6.59
Resolution 12 (special resolution) Disapplication of pre-emption rights	19,215,715	95.69	865,795	4.31	323,240	20,081,510	6.54
Resolution 13 (special resolution) Market purchases of own shares	20,085,921	98.82	239,999	1.18	167,500	20,325,920	6.62
Resolution 14 (special resolution) General meeting called on not less than 14 clear days' notice	19,196,247	94.70	1,074,107	5.30	134,396	20,270,354	6.60
Resolution 15 (special resolution) Approval of the Articles of Association	19,608,795	97.23	558,126	2.77	229,574	6.57	20,166,921
Resolution 16 (special resolution) Reduction of Company's share capital by cancelling the entire amount standing to the credit of the Company's share premium account if such an order is made by the High Court	19,687,277	98.26	348,789	1.74	368,684	6.53	20,036,066

A copy of the full text of resolutions 11 to 16 will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

For further information please contact:

Baronsmead VCT Investor Relations

020 3875 9862

[e-mail]

LEI: 213800VQ1PQHOJXDDQ88

 

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