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Kings Arms Yard VCT PLC (KAY)

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Friday 23 September, 2011

Kings Arms Yard VCT PLC

Result of Meeting






Kings Arms Yard VCT PLC ("Company")

General Meeting Results

23 September 2011

This announcement is made by Kings Arms Yard VCT PLC ("the Company") in
connection with the proposed merger of the Company with Kings Arms Yard VCT 2
PLC ("KAY 2") to be completed by way of a scheme of reconstruction of KAY 2
pursuant to Section 110 of the Insolvency Act 1986 ("the Scheme") and the
transfer by KAY 2 of all of its assets and liabilities to the Company, details
of which were contained in the Company's prospectus ("the Prospectus") and
circular to shareholders ("the Circular") both dated 25 August 2011.

The Board is pleased to announce that at the general meeting of the Company held
on 23 September 2011, the resolutions proposed in connection with the proposed
merger with Kings Arms Yard VCT 2 PLC ("KAY 2"), as set out in the circular to
shareholders dated 25 August 2011, were duly passed on a show of hands as
follows:

·         Resolution 1 to approve the acquisition of the assets and liabilities
of KAY 2 and the allotment of shares pursuant to the Scheme  -  99.11% of proxy
votes received being in favour (or at the chairman's discretion);
·         Resolution 2 to authorise the directors to allot shares, disapply pre-
emption rights and authorise the Company to make market purchases of shares  -
 98.99% of proxy votes received being in favour (or at the chairman's
discretion); and
·         Resolution 3 to reduce the nominal value per share to 1p and approve
the cancellation of the share premium account of the Company, any merger reserve
and the capital redemption reserve (in each case subject to the Court)  -
 98.85% of proxy votes received being in favour (or at the chairman's
discretion).

A copy of the resolutions passed at the above meeting will shortly be available
for inspection on both the Company's website (www.albion-ventures.co.uk) as well
as at the National Storage Mechanism (www.hemscott.com/nsm.do).

For further enquiries please contact:

Albion Ventures LLP
Patrick Reeve/Robert Whitby-Smith
Telephone: 0207 601 1850






This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Kings Arms Yard VCT PLC via Thomson Reuters ONE

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