Result of AGM

Praetura Growth VCT Plc

29 June 2026

 

PRAETURA GROWTH VCT PLC
(the "Company")

Result of Annual General Meeting

LEI: 9845004ZDC57AB064B97

Praetura Growth VCT plc, announces that at the Company's Annual General Meeting held at the offices of Praetura Ventures Limited, Level 8 Bauhaus, 27 Quay Street, Manchester, M3 3GY at 12pm on 29 June 2026, the following Resolutions were duly passed.

Resolutions 1 to 8 were passed as ordinary resolutions and Resolutions 9 to 11 were passed as special resolutions of the Company.

Ordinary Resolutions

1.         To receive and adopt the Directors' Report and Financial Statements of the Company for the year ended 31 January 2026 together with the Independent Auditor's Report thereon.

2.         To approve the Directors' Remuneration Report for the year ended 31 January 2026.

3.         To appoint Menzies LLP as Auditor of the Company from the conclusion of the AGM until the conclusion of the next AGM of the Company to be held in 2027 at which financial statements are laid before the Company.

4.         To authorise the Directors to fix the remuneration of the Auditor.

5.         To re-elect Sam McArthur as a Director of the Company in accordance with the Articles of Association and the Listing Rules.

6.         To re-elect Paul Jefferson as a Director of the Company in accordance with the Articles of Association and the Listing Rules.

7.         To re-elect Elizabeth Scott as a Director of the Company in accordance with the Articles of Association and the Listing Rules.

8.         That, the Directors be and hereby are generally and unconditionally authorised in accordance with Section 551 of the Companies Act 2006, as amended, (the "Act") to exercise all of the powers of the Company to allot shares in the Company or to grant rights to subscribe for or to convert any security into shares in the Company up to an aggregate nominal value of £250,000, representing approximately 231% of the issued share capital of the Company as at 30 April 2026, being the latest practical date prior to publication of this document, provided that the authority conferred by this Resolution 8 shall expire at the conclusion of the Company's next annual general meeting or on the expiry of fifteen months following the passing of this Resolution 8, whichever is the later (unless previously renewed, varied or revoked by the Company in general meeting).

Special Resolutions

9.         That, the Directors be and hereby are empowered pursuant to Section 570(1) of the Act to allot or make offers or agreements to allot equity securities (which expression shall have the meaning ascribed to it in Section 560(1) of the Act) for cash pursuant to the authority given in accordance with Section 551 of the Act by Resolution 8 above as if Section 561 of the Act did not apply to such allotments, provided that the power provided by this Resolution 9 shall expire at the conclusion of the Company's next annual general meeting or on the expiry of fifteen months following the passing of this Resolution 9, whichever is the later (unless previously renewed, varied or revoked by the Company in general meeting).

10.        That, the Company be and is hereby authorised to make one or more market purchases (within the meaning of section 693(4) of the Act) of Ordinary shares provided that:

(i)         the maximum aggregate number of Ordinary shares authorised to be purchased is an amount equal to 14.99% of the issued Ordinary shares;

(ii)        the minimum price which may be paid for an Ordinary share is their nominal value;

(iii)       the maximum price which may be paid for an Ordinary share, exclusive of expenses, is an amount equal to the higher of (i) 105% of the average of the middle market prices shown in the quotations for an Ordinary share in the Daily Official List of the London Stock Exchange for the five Business Days immediately preceding the day on which that Ordinary share is purchased; and (ii) the amount stipulated by Article 5(6) of Market Abuse Regulation;

(iv)       unless renewed, the authority hereby conferred shall expire either at the conclusion of the annual general meeting of the Company following the passing of this Resolution 10 or on the expiry of fifteen months from the passing of this Resolution 10, whichever is the later, save that the Company may, prior to such expiry, enter into a contract to purchase Ordinary shares which will or may be completed or executed wholly or partly after such expiry;

11.        That, the registered name of the Company be changed to "PXN Growth VCT plc".

All 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.

	Chairman of the meeting FOR		Chairman of the meeting AGAINST		Chairman of the meeting DISCRETION		ABSTAIN
	Cards	Votes	Cards	Votes	Cards	Votes	Cards	Votes
Ordinary Resolution 1	7	382,514	*0	0	3	61,002	0	0
Ordinary Resolution 2	7	382,514	*0	0	3	61,002	0	0
Ordinary Resolution 3	6	372,447	*0	0	4	71,069	0	0
Ordinary Resolution 4	7	382,514	*0	0	3	61,002	0	0
Ordinary Resolution 5	7	382,514	*0	0	3	61,002	0	0
Ordinary Resolution 6	7	382,514	*0	0	3	61,002	0	0
Ordinary Resolution 7	7	382,514	*0	0	3	61,002	0	0
Ordinary Resolution 8	7	382,514	*0	0	3	61,002	0	0
Special Resolution 9	7	382,514	*0	0	3	61,002	0	0
Special Resolution 10	7	382,514	*0	0	3	61,002	0	0
Special Resolution 11	7	382,514	*0	0	3	61,002	0	0

For further information, please contact:

Jon Prescott

PXN Group Ltd

[e-mail]

 

END