27 Aug 2021 10:28
New Century AIM VCT plc
Result of 2021 Annual General Meeting
New Century AIM VCT plc announces that at the Annual General Meeting (AGM) held today at 12.00pm, Resolutions 1 to 5 and 9 as set out in the Notice of the AGM dated 25 June 2021 were passed, while Resolutions 6 to 8 were not passed. The number of votes for and against each of the resolutions, and the number of votes withheld, were as follows:
|
| FOR | AGAINST | WITHHELD | ||
Resolution
| Votes cast | % | Votes cast | % | Votes cast | |
Ordinary Business | ||||||
1 | To receive, consider and adopt the financial statements for the period ended 28 February 2021 | 5,496,136 | 100.00% | 0 | 0.00% | 33,750 |
2 | To declare a final dividend of 6.5 pence | 5,529,886 | 100.00% | 0 | 0.00% | 0 |
3 | To approve the Directors' Remuneration Report | 5,496,136 | 100.00% | 0 | 0.00% | 33,750 |
4 | To re-elect Geoff Gamble as a director | 5,492,517 | 100.00% | 0 | 0.00% | 37,369 |
5 | To re-appoint UHY Hacker Young LLP as auditors of the company and to authorise the directors to agree their remuneration | 5,529,886 | 100.00% | 0 | 0.00% | 0 |
Special Business | ||||||
6 | To continue in being as a venture capital trust | 1,642,251 | 29.70% | 3,887,635 | 70.30% | 0 |
7 | To authorise the directors to allot relevant securities | 1,787,739 | 32.53% | 3,708,397 | 67.47% | 33,750 |
8 | To disapply Section 561 of the Companies Act 2006** | 2,374,393 | 43.23% | 3,118,124 | 56.77% | 37,369 |
9 | To authorise the directors to make market purchases of its own shares by utilising distributable reserves of the company** | 5,496,136 | 99.39% | 33,750 | 0.61% | 0 |
** denotes a special resolution
The number of ordinary shares in issue as at the date of the 2021 Annual General Meeting is 7,860,937.
As Resolution 6 was not passed by the requisite majority, the Board will, as required by the Company’s articles of association, convene an extraordinary general meeting within 4 months of the AGM to consider resolutions on the future of the Company.
26 August 2021
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