Result of AGM

RNS Number : 6368O
Baronsmead Venture Trust PLC
01 February 2023
 

 

 

 

1 February 2023

 

Baronsmead Venture Trust Plc

("BVT" or the "Company")

 

Result of the 2023 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, other than annual general meetings, 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 2022

14,164,041

98.70

185,877

1.30

44,598

14,349,918

4.56

Resolution 2

To declare a final dividend of 2.75 pence per share

14,201,690

99.27

104,156

0.73

-

14,305,846

4.55

Resolution 3

To receive and approve Directors' Remuneration Report for the year ended 30 September 2022

11,925,679

88.34

1,574,376

11.66

772,407

13,500,055

4.29

Resolution 4

To approve Directors' Remuneration Policy

11,953,443

88.67

1,527,884

11.33

824,519

13,481,327

4.29

Resolution 5

Re-election of Fiona Miller Smith 

12,620,514

93.21

919,490

6.79

765,842

13,540,004

4.30

Resolution 6

Re-election of Susannah Nicklin

12,965,166

94.95

689,940

5.05

650,740

13,655,106

4.34

Resolution 7

Re-election of Les Gabb

12,857,107

94.18

794,042

5.82

654,697

13,651,149

4.34

Resolution 8

Re-election of Michael Probin

12,795,515

92.66

1,014,132

7.34

496,199

13,809,647

4.39

Resolution 9

To re-appoint BDO LLP as the independent auditors

12,866,745

90.88

1,290,650

9.12

123,712

14,157,395

4.50

Resolution 10

Authorise the Directors to determine the remuneration of the independent auditors

13,865,316

98.20

254,222

1.80

186,308

14,119,538

4.49

Resolution 11

Authority to allot shares

13,685,420

96.52

492,788

3.48

127,638

14,178,208

4.51

Resolution 12

Disapplication of pre-emption rights

12,800,246

91.07

1,255,635

8.93

249,965

14,055,881

4.47

Resolution 13

Market purchases of own shares

13,947,883

98.23

250,837

1.77

107,126

14,198,720

4.51

Resolution 14

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

12,459,410

87.72

1,744,944

12.28

101,492

14,204,354

4.52

 

Votes withheld are not a vote in law and are therefore not counted in the calculation of the percentages of the votes cast for and against a resolution.

 

 

A copy of the full text of resolutions 11 to 14 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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
RAGUAVVROUUURAR
UK 100

Latest directors dealings