Albion Kay Vct Regulatory News (KAY)

19 Jun 2008 07:00

Result of AGM

Quester VCT plc ('the Company') change of name to SPARK VCT plc

Result of AGM

At the Company's 2008 Annual General Meeting held earlier today, the following resolutions were duly passed by the requisite majority on a show of hands: Resolution 1 (Report and Accounts), Resolution 2 (Directors' Remuneration Report), Resolution 5 (Election of AB Carruthers), Resolution 7 (Re-appointment of Grant Thornton as auditor), Resolution 8 (Authority to allot shares), Resolution 9* (Disapplication of pre-emption rights), Resolution 10* (Change of name to SPARK VCT plc), Resolution 11* (Authority to purchase own shares), and Resolution 12* (Adoption of new Articles).

Resolutions 3, 4 and 6 were duly passed by the requisite majority on a poll. The results of the poll are shown below.

Resolution For Votes in the Against Withheld** Chairman's discretion were exercised in favour of the resolutions Votes % Votes % Votes % Votes

Resolution 3: 5,157,999 81.6 348,721 5.52 814,129 12.88 99,586 Declaration of a

final dividend

Resolution 4: 5,131,912 82.28 342,090 5.49 762,904 12.23 183,529 Re-election of

JD Birney as a Director

Resolution 6: 5,313,595 85.94 348,403 5.63 521,089 8.43 237,348 Re-election of

TP Sooke as a Director

The final dividend approved by the shareholders of 2.8p per share in respect of the period ended 31 December 2007 is payable on 15 October 2008 to shareholders registered at the close of business on 19 September 2008. As indicated in the Chairman's statement in the annual report and accounts for the period ended 31 December 2007, upon shareholders' approval of the recommended final dividend, the "Tier 1" performance incentive fee becomes payable to the Manager at a cost to the Company of ‚£1,040,000.

* Special resolutions

** The votes `Withheld' are not counted towards the votes cast at the Annual General Meeting.

Two copies of the resolutions passed as special business have been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority Document Viewing Facility.

Enquiries:SPARK VCT plcSecretaryNghi Tran 020 7851 7777