10 Jul 2017 09:06
NEPTUNE-CALCULUS INCOME AND GROWTH VCT PLC(the "Company")
Annual General Meeting and BOARD ROLES
Annual General Meeting
At the Annual General Meeting duly convened and held at 104 Park Street London, W1K 6NF at 11.00am on 22 June 2017. All the resolutions were passed by the requisite majority.
The full text of the resolutions was included in the notice of the Annual General Meeting, a copy of which is available on the Company's website which can be found at https://www.calculuscapital.com/cms/media/Neptune_Notice_of_AGM_22JUNE2017.pdf
In accordance with the Company's obligations under Listing Rule 9.6.2, a copy of the special resolution (resolution 8) passed by the Company which is set out below, has been submitted to the National Storage Mechanism and will shortly be available for viewing at www.hemscott.com/nsm.do.
SPECIAL RESOLUTION
Market purchase of own shares
THAT the Company be authorised to make market purchases (within the meaning of section 693(4) of the Company's Act 2006) of Ordinary Shares of 10 pence each in the capital of the Company ("Ordinary Shares") provided that:
(i) the maximum aggregate number of Ordinary Shares authorised to be purchased is an amount equal to 10 per cent of the Ordinary Shares in issue at the date of the resolution;
(ii) the minimum price, exclusive of any expenses, which may be paid for an Ordinary Share is 10 pence;
(iii) the maximum price, exclusive of any expenses, which may be paid for any such share is an amount equal to 105 per cent of the middle market prices shown in the quotations for an Ordinary Share, in the Official List for the five business days immediately preceding the date on which the Ordinary Share is to be purchased;
(iv) unless previously revoked or substituted, the authority hereby conferred shall expire on conclusion of the next annual general meeting of the Company (expected to be June 2018); and
(v) the Company may make a contract for the purchase of Ordinary Shares under this authority before the expiry of this authority which would or might be executed wholly or partly after the expiry of such authority, and may make purchases of Ordinary Shares in pursuance of such a contract as if such authority had not expired.
Board Roles
Philip Stephens retired from the Board at the Annual General Meeting and the Board thanks him for his many years of service to the Company. Immediately following the Annual General Meeting , Diane-Seymour Williams became Chairman of the Company and a member of the Audit Committee and David Kempton became chair of the Audit Committee.
Lesley Watkins
Company Secretary
Neptune-Calculus Income and Growth VCT PLC
104 Park Street, London W1K 6 NF