Result of AGM
Quester VCT plc ('the Company') change of name to SPARK VCT plc
Result of AGM
At the Company's 2008 Annual General Meeting held earlier today, the following
resolutions were duly passed by the requisite majority on a show of hands:
Resolution 1 (Report and Accounts), Resolution 2 (Directors' Remuneration
Report), Resolution 5 (Election of AB Carruthers), Resolution 7 (Re-appointment
of Grant Thornton as auditor), Resolution 8 (Authority to allot shares),
Resolution 9* (Disapplication of pre-emption rights), Resolution 10* (Change of
name to SPARK VCT plc), Resolution 11* (Authority to purchase own shares), and
Resolution 12* (Adoption of new Articles).
Resolutions 3, 4 and 6 were duly passed by the requisite majority on a poll.
The results of the poll are shown below.
Resolution For Votes in the Against Withheld**
favour of the
Votes % Votes % Votes % Votes
Resolution 3: 5,157,999 81.6 348,721 5.52 814,129 12.88 99,586
Declaration of a
Resolution 4: 5,131,912 82.28 342,090 5.49 762,904 12.23 183,529
JD Birney as a
Resolution 6: 5,313,595 85.94 348,403 5.63 521,089 8.43 237,348
TP Sooke as a
The final dividend approved by the shareholders of 2.8p per share in respect of
the period ended 31 December 2007 is payable on 15 October 2008 to shareholders
registered at the close of business on 19 September 2008. As indicated in the
Chairman's statement in the annual report and accounts for the period ended 31
December 2007, upon shareholders' approval of the recommended final dividend,
the "Tier 1" performance incentive fee becomes payable to the Manager at a cost
to the Company of £1,040,000.
* Special resolutions
** The votes `Withheld' are not counted towards the votes cast at the Annual
Two copies of the resolutions passed as special business have been submitted to
the UK Listing Authority and will shortly be available for inspection at the UK
Listing Authority Document Viewing Facility.
SPARK VCT plc
Nghi Tran 020 7851 7777