Result of AGM & Change of Name

Triple Point VCT 2011 PLC

19 July 2023

 

19 July 2023

Triple Point VCT 2011 plc

(the "Company")

RESULT OF ANNUAL GENERAL MEETING

The Board of Triple Point VCT 2011 plc announces that at the Company's Annual General Meeting held today, all resolutions were passed on a show of hands.

Following approval by Shareholders at the AGM, the Company will change its name to Triple Point Venture VCT Plc. The new name will be reflected by the London Stock Exchange and the Company's London Stock Exchange market ticker will become TPV (formerly TP11). The new name and market ticker will take effect following the issue by the Registrar of Companies of an altered certificate of incorporation. The Company's ISIN and SEDOL remain unchanged. A further update will be provided in due course, once the change of name and ticker have taken effect.

Resolutions 1 to 9 were proposed as ordinary resolutions and resolutions 10 to 14 were proposed as special resolutions. The proxy votes received prior to the meeting were as follows:

Resolution		Votes For	%	Votes Against	%	Total votes validly cast	Total votes cast as a % of issued share capital	Votes Withheld*
1	To receive and adopt the Annual Report and accounts of the Company for the financial year ended 28 February 2023.	1,334,960	100	0	0	1,334,960	2.55	0
2	To approve the Directors' Remuneration Report.	1,315,037	99.79	2,814	0.21	1,317,851	2.51	17,109
3	To approve the Directors' Remuneration Policy.	1,285,028	97.51	32,823	2.49	1,317,851	2.51	17,109
4	To re-elect Jane Owen as a Director of the Company.	1,306,051	100	0	0	1,306,051	2.49	11,800
5	To re-elect Julian Bartlett as a Director of the Company.	1,285,462	97.15	37,698	2.85	1,323,160	2.52	11,800
6	To re-elect Jamie Brooke as a Director of the Company.	1,285,462	98.42	20,589	1.58	1,306,051	2.49	11,800
7	To re-appoint BDO as Auditors of the Company and to authorise the Audit Committee to determine the Auditors' remuneration	1,302,385	98.83	15,466	1.17	1,317,851	2.51	0
8	To authorise the Directors to allot Venture shares.	1,315,037	99.79	2,814	0.21	1,317,851	2.51	0
9	To authorise the Directors to allot additional Venture Shares in connection with the Company's dividend reinvestment                  scheme (the "DRIS")	1,332,146	99.79	2,814	0.21	1,334,960	2.55	0
10	To dis-apply statutory pre-emption rights.	1,296,707	98.40	21,144	1.60	1,317,851	2.51	17,109
11	To dis-apply pre-emption rights in connection with the DRIS.	1,315,037	99.79	2,814	0.21	1,317,851	2.51	17,109
12	To authorise the Company to purchase its own shares.	1,325,540	99.29	9,420	0.71	1,334,960	2.55	0
13	To authorise the calling of general meeting, other than an annual general meeting, on not less than 14 clear days' notice.	1,300,628	98.69	17,223	1.31	1,317,851	2.51	17,109
14	That the Company name be changed to Triple Point Venture VCT Plc	1,334,960	100	0	0	1,334,960	2.55	0

*A vote 'Withheld' is not a vote in law and is not counted in the calculation of the proportion of votes 'For' and 'Against' a resolution.

Every shareholder has one vote for every share held. As at 19 July 2023, the issued share capital of the Company consisted 52,409,214 Venture Shares. The Company does not hold any shares in Treasury. Therefore, the total number of voting rights in the Company is 52,409,214

The full text of all the resolutions can be found in the Notice of Annual General Meeting dated 7 June 2023, a copy of which is available on the Company's website at https://www.triplepoint.co.uk/current-vcts/triple-point-vct-2011-plc/s2539/

In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, 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 ON THE COMPANY, PLEASE CONTACT:

Triple Point Investment Management LLP   (Investment Manager)	Tel: [phone]
Belinda Thomas   Ian McLennan

The Company's LEI is 213800AOOAQA5XQDEA89

Further information on the Company can be found on its website   https://www.triplepoint.co.uk/current-vcts/triple-point-vct-2011-plc/s2539/

NOTES:

The Company is a Venture Capital Trust incorporated in July 2010 and was established to fund small and medium sized enterprises. The Investment Manager is Triple Point Investment Management LLP.

 

END