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12 May 2021 16:54
AGM StatementALBION DEVELOPMENT VCT PLC
LEI Code 213800FDDMBD9QLHLB38
At an Annual General Meeting of Albion Development VCT PLC, duly convened and held at 1 Benjamin Street, London EC1M 5QL on 12 May 2021, the following resolutions were passed:
| Votes For (or at the Chairman’s discretion) | Against | ||
| No | Description | % Votes Cast | |
| 1 | To receive and adopt the Company’s accounts for the year ended 31 December 2020 | 100.00% | 0.00% |
| 2 | To approve the Directors’ remuneration report | 94.93% | 5.07% |
| 3 | To re-elect Ben Larkin as a Director of the Company | 98.58% | 1.42% |
| 4 | To re-elect Lyn Goleby as a Director of the Company | 97.72% | 2.28% |
| 5 | To re-elect Lord O’Shaughnessy as a Director of the Company | 98.76% | 1.24% |
| 6 | To re-elect Patrick Reeve as a Director of the Company | 98.68% | 1.32% |
| 7 | To re-appoint BDO LLP as Auditor of the Company | 95.69% | 4.31% |
| 8 | To authorise the Directors to agree the Auditor’s remuneration | 99.60% | 0.40% |
| 9 | Authority to allot shares | 94.30% | 5.70% |
| 10 | Authority for the disapplication of pre-emption rights | 91.72% | 8.28% |
| 11 | Authority to purchase own shares | 98.40% | 1.60% |
| 12 | Cancellation of share premium and capital redemption reserve | 96.46% | 3.54% |
| 13 | Amendments to the Articles of Association to enable general meetings to be held by electronic means | 96.31% | 3.69% |
Resolution numbers 1 to 9 were passed as Ordinary resolutions, and resolution numbers 10 to 13 were passed as Special resolutions.
Answers to the questions received from shareholders and a recording of the AGM, including a presentation by the Manager, will be available on the Albion Capital website at www.albion.capital/funds/AADV.
12 May 2021
For further information please contact:Vikash HansraniOperations PartnerAlbion Capital Group LLPTelephone: 020 7601 1850
AADVchair@albion.capital
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