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19 Aug 2020 17:00
AGM StatementALBION VENTURE CAPITAL TRUST PLC
LEI CODE 213800JKELS32V2OK421
At an Annual General Meeting of Albion Venture Capital Trust PLC, duly convened and held at 1 Benjamin Street, London EC1M 5QL on 19 August 2020, the following resolutions were passed:
| Votes For (and at the Chairman’s discretion) | Against | ||
| No | Description | % Votes Cast | |
| 1 | To receive and adopt the Company’s accounts for the year ended 31 March 2020 | 97.63% | 2.37% |
| 2 | To approve the Directors’ remuneration policy | 94.97% | 5.03% |
| 3 | To approve the Directors’ remuneration report | 94.24% | 5.76% |
| 4 | To re-elect Richard Glover as a Director of the Company | 91.19% | 8.81% |
| 5 | To re-elect John Kerr as a Director of the Company | 89.34% | 10.66% |
| 6 | To re-elect Ann Berresford as a Director of the Company | 93.89% | 6.11% |
| 7 | To elect Richard Wilson as a Director of the Company | 96.84% | 3.16% |
| 8 | To re-appoint BDO LLP as Auditor of the Company | 97.29% | 2.71% |
| 9 | To authorise the Directors to agree the Auditor’s remuneration | 98.15% | 1.85% |
| 10 | Authority to allot shares | 96.64% | 3.36% |
| 11 | Authority for the disapplication of pre-emption rights | 89.52% | 10.48% |
| 12 | Authority to purchase own shares | 96.27% | 3.73% |
| 13 | Amendments to the Articles of Association | 92.75% | 7.25% |
Resolution numbers 1 to 10 were passed as Ordinary resolutions, and resolution numbers 11 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/AAVC.
19 August 2020
For further information please contact:Albion Capital Group LLPTel: 0207 601 1850
AAVCchair@albion.capital
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