Last checked at 
12 May 2010 17:00
Matrix Income & Growth VCT plc
AGM and EGM Results 12 May 2010
The board ("Board") of Matrix Income & Growth VCT plc ("the Company") announces that at the annual general meeting of the Company held on 12 May 2010, all of the resolutions proposed as set out in the notice of annual general meeting contained in the annual report and accounts of the Company for the year ended 31 December 2009 were duly passed as follows:
Resolution 1 to receive and adopt the Directors' Report and audited Financial Statements for the year ended 31 December 2009;
Resolution 2 to approve the Directors' Remuneration Report;
Resolution 3 to re-appoint PKF (UK) LLP as auditors to the Company;
Resolution 4 to authorise the Directors to determine the remuneration of the auditors;
Resolution 5 to re-elect Bridget Gu©rin as a director of the Company;
Resolution 6 to authorise the directors to allot shares;
Resolution 7 to authorise the directors to disapply pre-emption rights of members;
Resolution 8 to authorise the Company to make market purchases of shares;
Resolution 9 to adopt new articles of association of the Company; and
Resolution 10 to approve a resolution that a general meeting other than an annual general meeting may be called on not less than 14 clear days notice.
Details of the proxy votes in respect of the resolutions passed at the annual general meeting received are set out below:
Votes Resolution 1 Resolution 2 Resolution 3 Number of Votes Number of Votes Number of Votes For 936,161 (83.48%) 901,352 (82.47%) 922,286 (83.61%) Discretionary 185,205 (16.52%) 169,205 (15.48%) 169,205 (15.34%) Against 0 (-) 22,454 (2.05%) 11,605 (1.05%) Withheld 0 28,355 18,270 Votes Resolution 4 Resolution 5 Resolution 6 Number of Votes Number of Votes Number of Votes For 936,391 (84.70%) 928,754 (84.40%) 869,187 (78.45%) Discretionary 169,205 (15.30%) 169,205 (15.37%) 179,205 (16.18%) Against 0 (-) 2,500 (0.23%) 59,502 (5.37%) Withheld 15,770 20,907 13,472 Votes Resolution 7 Resolution 8 Resolution 9 Number of Votes Number of Votes Number of Votes For 856,622 (78.14%) 903,453 (80.93%) 895,556 (81.17%) Discretionary 169,205 (15.43%) 169,205 (15.16%) 169,205 (15.34%) Against 70,502 (6.43%) 43,696 (3.91%) 38,500 (3.49%) Withheld 25,037 5,012 18,105 Votes Resolution 10 Number of Votes For 882,531 (78.91%) Discretionary 189,405 (16.94%) Against 46,430 (4.15%) Withheld 3,000
The Board further announces that at the extraordinary general meeting of the Company held on 12 May 2010, the resolutions proposed in connection with the proposed merger with Matrix Income & Growth 3 VCT plc ("VCT 3") to be completed by way of a scheme of reconstruction of VCT 3 pursuant to Section 110 of the Insolvency Act 1986 ("Scheme") and the transfer by VCT 3 of all of its assets and liabilities to the Company, as set out in the circular to shareholders dated 14 April 2010, were duly passed as follows
Resolution 1 to acquire the assets and liabilities of VCT 3 and authorise the issue of shares pursuant thereto;
Resolution 2 to approve revised management arrangements with Matrix Private Equity Partners LLP;
Resolution 3 to renew share allotment and buy-back authorities; and
Resolution 4 to approve the cancellation of the Company's share premium account.
Details of the proxy votes in respect of the resolutions passed at the extraordinary general meeting received are set out below:
Votes Resolution 1 Resolution 2 Resolution 3 Number of Votes Number of Votes Number of Votes For 1,045,840 869,966 (70.93%) 1,002,902 (82.80%) (80.36%) Discretionary 184,728 (14.63%) 210,278 (17.15%) 189,728 (15.20%) Against 32,500 (2.57%) 146,219 (11.92%) 55,426 (4.44%) Withheld 0 (-) 36,605 15,012 Votes Resolution 4 Number of Votes For 987,340 (80.56%) Discretionary 197,228 (16,09%) Against 41,000 (3.35%) Withheld 37,500
A copy of the resolutions passed at all the above meetings will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:
Financial Services Authority25 The North ColonnadeCanary WharfLondonE14 5HS Telephone: 020 7066 1000
For further enquiries please contact:
Rob Brittain/Sarah Penfold
Matrix Private Equity Partners LLP/Matrix-Securities Limited
Company Secretary Telephone: 0203 206 7000
MATRIX INCOME & GROWTH VCT PLC