Result of AGM

RNS Number : 2978P
Baronsmead Venture Trust PLC
16 February 2021
 

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

 

Resolution 11 (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 12 (special resolution): To authorise the Directors to make market purchases of the Company's own shares.

 

Resolution 13 (special resolution): To authorise the Directors to convene a general meeting on not less than 14 clear days' notice.

 

 

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 2020

20,189,040

99.93

14,644

0.07

69,141

20,203,684

7.66%

Resolution 2

To declare a final dividend of 3.5 pence per share

20,204,705

99.98

3,225

0.02

41,515

20,207,930

7.66%

Resolution 3

To approve Directors' Remuneration Report for the year ended 30 September 2020

18,694,248

95.05

974,384

4.95

604,193

19,668,632

7.46%

Resolution 4

Re-election of Peter Lawrence

19,504,117

97.74

451,937

2.26

316,771

19,956,054

7.57%

Resolution 5

Re-election of Les Gabb

19,609,788

98.69

259,794

1.31

403,243

19,869,582

7.53%

Resolution 6

Re-election of Valerie Marshall

19,473,899

97.93

411,753

2.07

387,173

19,885,652

7.54%

Resolution 7

Re-election of Susannah Nicklin

19,668,885

98.91

216,767

1.09

387,173

19,885,652

7.54%

Resolution 8

Re-appointment of KPMG LLP as Auditor

18,783,789

94.28

1,138,889

5.72

350,147

19,922,678

7.55%

Resolution 9

Authorise Audit Committee to determine auditor remuneration

19,759,152

98.13

375,651

1.87

138,022

20,134,803

7.63%

Resolution 10

Authority to allot shares

19,770,347

98.98

204,560

1.02

297,918

19,974,907

7.57%

Resolution 11

Disapplication of pre-emption rights

19,142,813

96.05

786,311

3.95

336,114

19,929,124

7.56%

Resolution 12

Market purchases of own shares

19,895,340

98.77

247,082

1.23

130,403

20,142,422

7.64%

Resolution 13

General meeting called on not less than 14 clear days' notice

19,097,980

94.77

1,053,179

5.23

34,403

20,151,159

7.64%

 

 

A copy of the full text of resolutions 11 to 13 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

 

baronsmeadvcts@greshamhouse.com

 

LEI: 213800VQ1PQHOJXDDQ88

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