3 Nov 2006 17:11
Baronsmead VCT 2 PLC03 November 2006 To: RNS Date: 3 November 2006 Company: Baronsmead VCT 2 plc Extraordinary General Meeting Result The Company announces that, at the Extraordinary General Meeting held on 2November 2006, the following resolutions were considered and successfullypassed: (1) The Company's existing authority to dis-apply pre-emption rights inrespect of the allotment or sale from Treasury of up to 10 per cent of thelisted share capital of the Company was renewed. The Board of Directors is nowmandated by shareholders to sell Treasury shares at a discount to the prevailingnet asset value per share if the Board considers it to be in the best interestsof the Company to do so. However, Treasury shares will never be sold at adiscount wider than the discount prevailing at the time the shares wereinitially bought back by the Company. (2) The amount standing to the credit of the share premium account of the Cshares of the Company will be reduced by £10,031,437. (3) The life of the Company was extended to the Company's annual generalmeeting in 2012. The Board was delighted with the support received as, 27% of the Company'sshareholders voted on the resolutions, of which over 90% voted in favour. For further information contact: David Thorp, ISIS EP LLP: 0207 506 1609Rhonda Nicoll, F&C Asset Management plc: 0131 465 1074 This information is provided by RNS The company news service from the London Stock Exchange