Hargreave Hale AIM VCT 1 plc : Result of AGM
HARGREAVE HALE AIM VCT 1 PLC
21 December 2011
HARGREAVE HALE AIM VCT 1 PLC
Annual General Meeting held on
Tuesday 20 December 2011
Hargreave Hale AIM VCT 1 plc ('the Company') hereby gives notification that, at the Annual General Meeting of the Company held yesterday, all the resolutions, as set out in full in the notice of meeting dated 21 November 2011, were duly passed.
Resolutions 1 to 5 related to ordinary business. Resolutions 6 to 9 related to special business and are detailed as follows:
Ordinary Resolutions
6. To authorise the Directors to allot Ordinary Shares under Section 551 of the Companies Act 2006.
7. To approve the continuation of the Company as a venture capital trust for a further five year period.
Special Resolutions
8. To authorise the Directors pursuant to Section 570 of the Companies Act 2006 to allot equity securities for cash without regard to pre-emption rights.
9. To renew the Company's authority to buy-in its Ordinary shares.
With the exception of Resolution 8, all the resolutions were duly passed on a show of hands. In respect of Resolution 8 (which was a Special Resolution which required 75% in favour to pass), a Poll was taken at the Annual General Meeting and the Resolution was passed with 83.19% of votes in favour.
| VOTES FOR | % | VOTES AGAINST | % | VOTES TOTAL | % ISC | VOTES WITHELD |
| 1,824,085 | 83.19 | 368,572 | 16.81 | 2,192,657 | 7.55 | 30,000 |
Details of the proxy votes in respect of the resolutions passed at the Annual General Meeting received up to 48 hours before the time of the meeting at 19 Cavendish Square, London, W1A 2AW are set out below:
| FOR | DISCRETIONARY | AGAINST | WITHHELD* | ||
| Resolution No. | No. of Votes | No. of Votes | No. of Votes | No. of Votes | Total Votes |
| % of Votes | % of Votes | % of Votes | % of Votes | % of Votes | |
| Ordinary Business | |||||
| 1 | 1,390,613 | 48,222 | - | - | 1,438,835 |
| 96.65% | 3.35% | 0.00% | 0.00% | 100.00% | |
| 2 | 1,346,784 | 62,051 | - | 30,000 | 1,438,835 |
| 93.60% | 4.31% | 0.00% | 2.09% | 100.00% | |
| 3 | 1,055,003 | 62,051 | 15,337 | 306,444 | 1,438,835 |
| 73.33% | 4.31% | 1.06% | 21.30% | 100.00% | |
| 4 | 1,390,613 | 48,222 | - | - | 1,438,835 |
| 96.65% | 3.35% | 0.00% | 0.00% | 100.00% | |
| 5 | 1,390,613 | 48,222 | - | - | 1,438,835 |
| 96.65% | 3.35% | 0.00% | 0.00% | 100.00% | |
| Special Business | |||||
| 6 | 1,330,086 | 61,222 | 17,527 | 30,000 | 1,438,835 |
| 92.44% | 4.25% | 1.22% | 2.09% | 100.00% | |
| 7 | 1,356,510 | 48,222 | 31,913 | 2,190 | 1,438,835 |
| 94.28% | 3.35% | 2.22% | 0.15% | 100.00% | |
| 8 | 989,041 | 51,222 | 368,572 | 30,000 | 1,438,835 |
| 68.74% | 3.56% | 25.61% | 2.09% | 100.00% | |
| 9 | 1,363,638 94.77% | 64,178 4.46% | 11,019 0.77% | - 0.00% | 1,438,835 100.00% |
* Please note that a Vote Withheld has no legal effect and will not be counted in the votes "For" and "Against" a resolution.
A copy of the resolutions approved at the Annual General Meeting will be submitted to the National Storage Mechanism and will shortly be available for viewing online at the following web-site address:
http://www.hemscott.com/nsm.do
For further information please contact:
Stuart Brookes
Company Secretary
Hargreave Hale AIM VCT 1 plc
01253 754740
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: Hargreave Hale AIM VCT 1 plc via Thomson Reuters ONE
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