Last checked at 
17 May 2017 14:25
Maven Income and Growth VCT 4 PLC
Result of Annual General Meeting
At the Annual General Meeting of the Company held at 10.30 am at Fifth Floor, 1-2 Royal Exchange Buildings, London, EC3V 3LF on 17 May 2017, all of the Resolutions put to the Meeting were duly passed.
At the record date for the Annual General Meeting, being 15 May 2017, the total number of voting rights in the Company stood at 32,767,502 Ordinary Shares. In accordance with the provisions of E.2.2 of the UK Corporate Governance Code, the Company advises that for the Annual General Meeting, valid proxy appointments were made in respect of 3,972,861 shares and that the number of proxy votes lodged for each Resolution were as follows:
Resolutions | For | Discretion | Against | Withheld | Total | |
1 | To receive the Annual Report and audited Financial Statements. | 3,854,111 | 104,885 | 0 | 13,865 | 3,972,861 |
2 | To approve the Directors' Remuneration Report. | 2,873,170 | 97,294 | 959,122 | 43,275 | 3,972,861 |
3 | To approve the Directors' Remuneration Policy. | 3,331,703 | 108,526 | 487,511 | 45,121 | 3,972,861 |
4 | To approve a final dividend. | 3,863,639 | 104,762 | 4,460 | 0 | 3,972,861 |
5 | To re-elect Mr Cormack as a Director. | 3,658,262 | 116,948 | 167,229 | 30,422 | 3,972,861 |
6 | To re-elect Mr Graham-Wood as a Director. | 3,654,209 | 122,020 | 166,210 | 30,422 | 3,972,861 |
7 | To re-elect Mr Scott as a Director. | 3,734,401 | 132,901 | 75,137 | 30,422 | 3,972,861 |
8 | To re-elect Mr Nixon as a Director. | 3,718,182 | 151,281 | 77,744 | 25,654 | 3,972,861 |
9 | To re-appoint Deloitte LLP as Auditor. | 3,420,186 | 160,474 | 380,571 | 11,630 | 3,972,861 |
10 | To authorise the Directors to fix the remuneration of the Auditor. | 3,794,009 | 141,724 | 17,998 | 19,130 | 3,972,861 |
11 | To authorise the Directors to allot new shares. | 3,787,895 | 131,600 | 22,735 | 30,631 | 3,972,861 |
12 | To authorise disapplication of pre-emption rights. | 3,627,875 | 131,600 | 125,146 | 88,240 | 3,972,861 |
13 | To authorise the Company to purchase its own shares. | 2,985,482 | 124,556 | 846,392 | 16,431 | 3,972,861 |
14 | To allow a General Meeting to be called on not less than 14 days' notice. | 3,446,170 | 387,084 | 117,313 | 22,294 | 3,972,861 |
The Board notes that Resolution 2, an Ordinary Resolution relating to the approval of the Directors' Remuneration Report, was duly passed but recognises that a significant minority of Shareholders have voted against the Resolution. It is intended that the Remuneration Committee will give this due consideration in its future deliberations
The Directors also note that Resolution 13, a Special Resolution relating to the buying back of shares, was duly passed, but once again recognise that a significant minority of Shareholders have voted against the Resolution. It is intended that the Board will consider the views expressed by Shareholders when it next seeks such an authority.
A vote withheld is not a vote in law and any such votes have not been included in the votes for or against the respective Resolutions. These proxy voting figures will also be available to view at: www.mavencp.com/migvct4.
Passing of Resolutions under Special Business
Copies of Resolutions passed under Special Business have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM.
Issued on behalf of the Board
Maven Capital Partners UK LLP, Secretary
17 May 2017