Result of General Meeting

RNS Number : 1991G

Maven Income and Growth VCT 5 PLC

02 November 2018

 

Maven Income and Growth VCT 5 PLC (the Company)

Result of General Meeting - 2 November 2018

This Announcement is made by the Company in connection with the offer for subscription (Offer) of new ordinary shares of 10p each in the capital of the Company (New Shares) and the amendments to the Articles of Association of the Company.

The Board is pleased to announce that, at the General Meeting of the Company held on 2 November 2018, the resolutions proposed, as set out in the Notice of General Meeting in the Circular to Shareholders dated 26 September 2018, were duly passed on a show of hands as follows:

Resolution 1 - to authorise the Directors to allot New Shares;

Resolution 2 - to authorise the disapplication of pre-emption rights;

Resolution 3 - to approve the amendments to the Articles of Association of the Company;

Resolution 4 - to approve the cancellation of share premium account; and             

Resolution 5 - to approve the cancellation of capital redemption reserve.

At the record date for the General Meeting, being 31 October 2018, the total number of voting rights in the Company stood at 75,340,587 and the total number of ordinary shares in issue was 75,340,587. In accordance with the provisions of E.2.2 of the UK Corporate Governance Code, the Company advises that, for the General Meeting, valid proxy appointments were made in respect of 6,546,655 ordinary shares and that the number of proxy votes lodged for each Resolution were as follows:

Resolution	For	Discretion	Against	Withheld	Total
1	6,367,280	77,659	92,948	8,768	6,546,655
2	6,342,535	80,799	44,553	78,768	6,546,655
3	6,348,043	78,951	117,784	1,877	6,546,655
4	6,439,970	80,799	24,009	1,877	6,546,655
5	6,439,970	80,799	12,009	13,877	6,546,655

A vote withheld is not a vote in law and any such votes have not been included in the votes for or against the respective Resolutions.

Passing of Resolutions

A copy of the Resolutions passed at the General Meeting held on 2 November 2018 have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

2 November 2018

 

END

 

 

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