Result of AGM
Summary by AI BETAClose X
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
For immediate release
24 June 2026
Maven Renovar VCT PLC (the "Company")
Legal Entity Identifier: 213800HAEDBBK9RWCD25
Results of Annual General Meeting
The board of Directors of the Company (the "Board") announces the results of the Company's Annual General Meeting held earlier today, 24 June 2026 (the "AGM"). All resolutions put to the AGM were voted on by way of a poll and the results are shown in the table set out under "Results of the meeting" below.
All resolutions, as set out in the Notice of AGM, were passed.
Fiona Wollocombe, Chair, said:
"I would like to thank all Shareholders who have engaged with the Company in recent months, and those that took part in this year's AGM. The strong support received for all resolutions provides a clear mandate for the Board and our investment manager, Maven, to move forward with confidence and focus. We have listened carefully throughout this process and remain committed to acting in the best interests of Shareholders as a whole. Our attention is now firmly on delivering the benefits of the AIM Plus strategy and creating long term value for the Company's Shareholders."
Results of the meeting
|
Resolution |
For and Chairman's Discretion |
% |
Against |
% |
% of ISC Voted# |
Votes |
|
Resolution 1: To receive the Annual Report and Accounts.
|
13,935,691 |
99.38 |
87,642 |
0.63 |
10.91 |
184,663 |
|
Resolution 2: To approve the Directors' Remuneration Report.
|
12,788,966 |
92.31 |
1,065,142 |
7.69 |
10.78 |
353,888 |
|
Resolution 3: To re-elect Fiona Wollocombe as a Director of the Company.
|
12,904,671 |
92.02 |
1,119,340 |
7.98 |
10.91 |
183,985 |
|
Resolution 4: To re-elect Neeta Patel CBE as a Director of the Company.
|
13,036,814 |
93.02 |
978,921 |
6.98 |
10.90 |
192,261 |
|
Resolution 5: To re-elect Brian Scouler as a Director of the Company.
|
13,079,190 |
93.43 |
919,099 |
6.57 |
10.89 |
209,707 |
|
Resolution 6: To elect Robert Legget as a Director of the Company |
13,025,056 |
93.06 |
971,053 |
6.94 |
10.89 |
211,887 |
|
Resolution 7: To re-appoint BDO LLP as Auditor to the Company.
|
13,701,831 |
97.68 |
325,251 |
2.32 |
10.91 |
180,914 |
|
Resolution 8: To authorise the Directors to determine auditor remuneration
|
13,764,638 |
98.10 |
267,140 |
1.90 |
10.91 |
176,218 |
|
Resolution 9: To authorise the Directors to allot ordinary shares.
|
12,457,388 |
88.14 |
1,675,813 |
11.86 |
10.99 |
74,795 |
|
Resolution 10: To approve changes to the Company's investment objectives and policy
|
12,257,379 |
86.74 |
1,873,086 |
13.26 |
10.99 |
77,531 |
|
Resolution 11: To disapply statutory pre-emption rights*
|
12,208,259 |
86.69 |
1,873,641 |
13.31 |
10.95 |
126,096 |
|
Resolution 12: To authorise the Company to purchase its own ordinary shares*
|
13,806,768 |
97.61 |
337,824 |
2.39 |
11.00 |
63,404 |
|
Resolution 13: To authorise general meetings to be held on 14 clear days' notice*
|
12,395,785 |
88.52 |
1,607,747 |
11.48 |
10.89 |
204,464 |
# issued share capital
*special resolution
Notes:
|
|
|
|
1. |
Votes "For and Chairman's Discretion" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.
|
|
2. |
A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For and Chairman's Discretion" or "Against" any resolution, nor in the calculation of the proportion of "ISC voted" for any resolution.
|
|
3. |
The number of shares in issue at close of business on 22 June 2026 was 128,562,312 ordinary shares, carrying one vote each. Therefore, the total voting rights in the Company are 128,562,312.
|
|
4. |
The proportion of "ISC voted" for any resolution is the total of votes validly cast for that resolution (i.e. the total votes "For and Chairman's Discretion" and "Against" that resolution) expressed as a percentage of the Issued Share Capital.
|
|
5. |
The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting contained in the Circular published by the Company on 27 May 2026. The Circular is available for viewing on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's webpage at: www.mavencp.com/renovarvct.
|
|
6. |
In accordance with UK Listing Rule 6.4.2R, a copy of resolutions 9 to 13 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
|
Maven Capital Partners UK LLP
Company Secretary
24 June 2026
Enquiries:
Fiona Wollocombe, Chair
Maven Renovar VCT PLC
Email: MavenRenovarVCTChair@mavencp.com
Telephone (via the Company Secretary): +44 (0)141 306 7400
Important Information
This announcement is released by the Company and the information contained within this announcement is deemed by the Company to constitute inside information for the purposes of Article 7 of the UK version of the EU Market Abuse Regulation (Regulation (EU) No.596/2014) which forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via a Regulatory Information Service, such information is now considered to be in the public domain.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 1 day ago Savannah Energy
- 1 day ago Buccaneer Energy PLC
- 1 day ago Savannah Energy
- 1 day ago Carclo
- 1 day ago Schroder Japan Growth Fund