Result of AGM

RNS Number : 4485F
Maven Income & Growth VCT 4 PLC
17 May 2017
 

 

Maven Income and Growth VCT 4 PLC

Result of Annual General Meeting

 

At the Annual General Meeting of the Company held at 10.30 am at Fifth Floor, 1-2 Royal Exchange Buildings, London, EC3V 3LF on 17 May 2017, all of the Resolutions put to the Meeting were duly passed.

 

At the record date for the Annual General Meeting, being 15 May 2017, the total number of voting rights in the Company stood at 32,767,502 Ordinary Shares. In accordance with the provisions of E.2.2 of the UK Corporate Governance Code, the Company advises that for the Annual General Meeting, valid proxy appointments were made in respect of 3,972,861 shares and that the number of proxy votes lodged for each Resolution were as follows:

 


Resolutions

For

Discretion

Against

Withheld

Total

1

To receive the Annual Report and audited Financial Statements.

3,854,111

104,885

0

13,865

3,972,861

2

To approve the Directors' Remuneration Report.

2,873,170

97,294

959,122

43,275

3,972,861

3

To approve the Directors' Remuneration Policy.

3,331,703

108,526

487,511

45,121

3,972,861

4

To approve a final dividend.

3,863,639

104,762

4,460

0

3,972,861

5

To re-elect Mr Cormack as a Director.

3,658,262

116,948

167,229

30,422

3,972,861

6

To re-elect Mr Graham-Wood as a Director.

3,654,209

122,020

166,210

30,422

3,972,861

7

To re-elect Mr Scott as a Director.

3,734,401

132,901

75,137

30,422

3,972,861

8

To re-elect Mr Nixon as a Director.

3,718,182

151,281

77,744

25,654

3,972,861

9

To re-appoint Deloitte LLP as Auditor.

3,420,186

160,474

380,571

11,630

3,972,861

10

To authorise the Directors to fix the remuneration of the Auditor.

3,794,009

141,724

17,998

19,130

3,972,861

11

To authorise the Directors to allot new shares.

3,787,895

131,600

22,735

30,631

3,972,861

12

To authorise disapplication of pre-emption rights.

3,627,875

131,600

125,146

88,240

3,972,861

13

To authorise the Company to purchase its own shares.

2,985,482

124,556

846,392

16,431

3,972,861

14

To allow a General Meeting to be called on not less than 14 days' notice.

3,446,170

387,084

117,313

22,294

3,972,861

 

The Board notes that Resolution 2, an Ordinary Resolution relating to the approval of the Directors' Remuneration Report, was duly passed but recognises that a significant minority of Shareholders have voted against the Resolution. It is intended that the Remuneration Committee will give this due consideration in its future deliberations

 

The Directors also note that Resolution 13, a Special Resolution relating to the buying back of shares, was duly passed, but once again recognise that a significant minority of Shareholders have voted against the Resolution. It is intended that the Board will consider the views expressed by Shareholders when it next seeks such an authority.

 

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. These proxy voting figures will also be available to view at: www.mavencp.com/migvct4.

 

 

 

 

Passing of Resolutions under Special Business

Copies of Resolutions passed under Special Business 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

17 May 2017

 


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