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

 

baronsmeadvcts@greshamhouse.com

 

LEI: 213800VQ1PQHOJXDDQ88

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