AGM and GM Statement

Calculus VCT PLC

21 August 2023

 

21 August 2023

CALCULUS VCT PLC

RESULTS OF ANNUAL GENERAL MEETING AND GENERAL MEETING

Annual General Meeting

The Company is pleased to announce that at the Annual General Meeting held today all resolutions were passed on a show of hands, including the following resolutions 12 to 15:

Resolution 12 (special resolution): To authorise the Directors to allot shares for cash pursuant to Sections 570 of the Companies Act 2006

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

Resolution 14 (special resolution): To hold general meetings (other than annual general meetings) on 14 clear days' notice.

Resolution 15 (special resolution): To authorize the Directors to apply for the share premium and capital redemption reserve accounts to be cancelled.

The proxy votes received on each resolution were as follows:

	For	At the Chairman's Discretion	Against	Withheld
Resolution 1	3,169,679	98,149	0	0
Resolution 2	2,918,277	123,813	225,738	0
Resolution 3	2,831,205	123,813	298,887	13,923
Resolution 4	3,169,679	98,149	0	0
Resolution 5	2,950,549	121,749	55,673	139,857
Resolution 6	2,847,884	96,085	6,423	317,436
Resolution 7	2,840,214	96,085	6,423	325,106
Resolution 8	2,782,841	110,760	52,833	325,106
Resolution 9	2,983,549	160,699	65,193	58,387
Resolution 10	3,138,715	129,113	0	0
Resolution 11	2,722,427	129,113	293,086	123,202
Resolution 12	2,541,960	131,229	311,769	282,870
Resolution 13	2,955,764	129,113	73,985	108,966
Resolution 14	2,991,326	129,113	93,685	53,704
Resolution 15	2,612,009	129,113	243,836	282,870

A copy of the full text of Resolutions 12 to 15 is available for inspection in the Report and Accounts to 28 February 2023 which was previously submitted to the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism

General Meeting

The Company is also pleased to announce that at the General Meeting held today the resolution for the approval of the new performance incentive arrangements as set out in the Circular and Notice of General Meeting dated 17 July 2023 was passed on a show of hands.

The resolution was also passed with 82.1% of proxy votes received either for the resolution or at the Chairman's discretion:

	For	At the Chairman's Discretion	Against	Withheld
Resolution 1	2,575,303	50,230	570,777	99,721

A copy of the resolution is available for inspection in the Circular, which was previously submitted to National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism

The Circular and the voting results are also available on the Company's website at https://calculuscapital.com/investment-opportunities/calculus-vct/investor-information/.

Calculus Capital Limited

Company Secretary

 

END