Last checked at 
16 Feb 2022 16:51
Baronsmead Second Venture Trust Plc
("BSVT" or the "Company")
Result of Annual General Meeting
BSVT is pleased to announce that, at the Annual General Meeting held today, all resolutions were passed on a poll, including the following resolutions:
Resolution 10 (ordinary resolution): To authorise the Directors to allot shares pursuant to section 551 of the Companies Act 2006.
Resolution 11 (special resolution): To authorise the Directors to allot shares for cash pursuant to sections 570 and 573 of the Companies Act 2006 otherwise than in accordance with statutory pre-emption rights.
Resolution 12 (special resolution): To authorise the Directors to make market purchases of the Company's own shares.
Resolution 13 (special resolution): To authorise the Directors to convene a general meeting on not less than 14 clear days' notice.
Resolution 14 (special resolution): To approve the amended Articles of Association.
Resolution 15 (Special resolution): To cancel the Company's share premium account.
The results of the poll for each resolution were as follows:
Resolutions | Votes For | For (%) | Votes Against | Against (%) | Votes Withheld | Total Votes | % of Issued Share Capital voted |
Resolution 1 To receive and adopt the accounts for the year ended 30 September 2021 | 19,335,313 | 99.93 | 13,138 | 0.07 | 93,527 | 19,348,451 | 6.29 |
Resolution 2 To declare a final dividend of 3.5 pence per share | 19,426,766 | 99.92 | 15,212 | 0.08 | 0 | 19,441,978 | 6.32 |
Resolution 3 To approve Directors' Remuneration Report for the year ended 30 September 2021 | 17,819,304 | 93.34 | 1,272,072 | 6.66 | 350,602 | 19,091,376 | 6.20 |
Resolution 4 Re-election of Sarah Fromson | 18,732,162 | 97.93 | 395,152 | 2.07 | 314,664 | 19,127,314 | 6.21 |
Resolution 5 Re-election of Malcolm Groat | 18,825,663 | 98.57 | 273,692 | 1.43 | 342,623 | 19,099,355 | 6.20 |
Resolution 6 to elect Tim Farazmand | 18,797,199 | 98.48 | 290,487 | 1.52 | 354,292 | 19,087,686 | 6.20 |
Resolution 7 To elect Graham Mcdonald | 18,815,130 | 98.72 | 243,206 | 1.28 | 383,642 | 19,058,336 | 6.19 |
Resolution 8 To appoint BDO as the Auditor | 18,221,803 | 98.95 | 193,934 | 1.05 | 1,026,241 | 18,415,737 | 5.98 |
Resolution 9 Authorise Audit Committee to determine auditor remuneration | 19,228,422 | 99.59 | 79,939 | 0.41 | 133,617 | 19,308,361 | 6.27 |
Resolution 10 Authority to allot shares | 19,169,787 | 99.06 | 181,829 | 0.94 | 90,362 | 19,351,616 | 6.29 |
Resolution 11 Disapplication of pre-emption rights | 18,446,996 | 96.07 | 755,101 | 3.93 | 221,876 | 19,202,097 | 6.24 |
Resolution 12 Market purchases of own shares | 19,070,725 | 98.69 | 253,393 | 1.31 | 127,267 | 19,324,118 | 6.28 |
Resolution 13 General meeting called on not less than 14 clear days' notice | 18,278,579 | 94.27 | 1,110,113 | 5.73 | 53,286 | 19,338,692 | 6.30 |
Resolution 14 Amendment of Articles of Association | 18,684,895 | 97.66 | 447,249 | 2.34 | 309,834 | 19,132,144 | 6.22 |
Resolution 15 Cancellation of share premium account | 18,180,116 | 98.19 | 335,094 | 1.81 | 908,157 | 18,515,210 |
6.02 |
A copy of the full text of resolutions 11 to 15 will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
For further information please contact:
Baronsmead VCT Investor Relations
020 3875 9862
baronsmeadvcts@greshamhouse.com
LEI 2138008D3WUMF6TW8C28