Result of Annual General Meet

RNS Number : 5998F

Northern Venture Trust PLC

14 January 2010

NORTHERN VENTURE TRUST PLC ("The Company")

RESULT OF ANNUAL GENERAL MEETING

The Company announces that at the annual general meeting held on 13 January 2010 all of the resolutions set out in the notice of meeting were duly passed by shareholders.

The resolutions included those to re-elect as directors Mr Nigel Beer, Mr Michael Denny, Mr Ross Peters and Mr Hugh Younger.

The resolutions included the following special resolution amending the Company's constitution:

"That the articles of association of the company be amended:

by deleting all the provisions contained in the company's memorandum of association (including those relating to the objects of the company and the share capital of the company) which by virtue of Section 28 of the Companies Act 2006 are treated as provisions of the company's articles of association; and
by adding a new Article 2A as follows: "The liability of members is limited to the amount, if any, unpaid on the shares held by them."

In accordance with the Listing Rules, copies of the resolution proposed and passed which amended the company's constitution has been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility which is situated at:

The Financial Services Authority

25 The North Colonnade
Canary Wharf
London

E14 5HS

Details of proxy voting on the resolutions put to shareholders at the annual general meeting are as follows:

Number	Resolution	For	Discretionary	Against	Vote withheld
1	To receive the financial statements for the year ended 30 September 2009	3,335,703	358,878	Nil	4,944
2	To approve the directors' remuneration report	3,157,728	356,588	84,178	101,031
3	To re-elect Mr N J Beer as a director	3,265,544	358,878	13,496	61,607
4	To re-elect Mr E M P Denny as a director	3,261,851	358,878	43,229	35,567
6	To re-elect Mr R S Peters as a director	3,271,038	358,878	19,932	49,677
6	To re-elect Mr H P Younger as a director	3,282,285	358,878	14,135	44,227
7	To reappoint KPMG Audit Plc as independent auditors	3,224,355	358,878	66,557	49,735
8	To authorise the directors to fix the remuneration of the independent auditors	3,286,295	358,878	21,469	32,883
9	To authorise the directors to allot shares pursuant to Section 551 of the Companies Act 2006	3,250,385	358,878	90,262	Nil
10	To disapply Section 561 of the Companies Act 2006 in relation to certain allotments of equity securities and the sale of treasury shares	3,202,243	358,878	83,628	54,776
11	To authorise the Company to make market purchases of ordinary shares and C shares in accordance with Section 694 of the Companies Act 2006	3,280,140	358,878	42,326	18,181
12	To authorise the purchase of the company's deferred shares	3,190,050	366,122	78,220	65,133
13	To amend the articles of association by removing provisions formerly contained in the Company's memorandum of association and introducing a new Article specifying the limited liability of members	3,209,818	363,675	65,531	60,501
14	To authorise the company to continue as a Venture Capital Trust for a further five year period	3,326,257	358,878	14,390	Nil