Last checked at 
14 Jan 2010 18:01
14 January 2010
NORTHERN VENTURE TRUST PLC ("The Company")
RESULT OF ANNUAL GENERAL MEETING
The Company announces that at the annual general meeting held on 13 January 2010 all of the resolutions set out in the notice of meeting were duly passed by shareholders.
The resolutions included those to re-elect as directors Mr Nigel Beer, Mr Michael Denny, Mr Ross Peters and Mr Hugh Younger.
The resolutions included the following special resolution amending the Company's constitution:
"That the articles of association of the company be amended:
by deleting all the provisions contained in the company's memorandum of association (including those relating to the objects of the company and the share capital of the company) which by virtue of Section 28 of the Companies Act 2006 are treated as provisions of the company's articles of association; and
by adding a new Article 2A as follows: "The liability of members is limited to the amount, if any, unpaid on the shares held by them."
In accordance with the Listing Rules, copies of the resolution proposed and passed which amended the company's constitution has been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility which is situated at:
The Financial Services Authority
25 The North ColonnadeCanary WharfLondon
E14 5HS
Details of proxy voting on the resolutions put to shareholders at the annual general meeting are as follows:
| Number | Resolution | For | Discretionary | Against | Vote withheld |
| 1 | To receive the financial statements for the year ended 30 September 2009 | 3,335,703 | 358,878 | Nil | 4,944 |
| 2 | To approve the directors' remuneration report | 3,157,728 | 356,588 | 84,178 | 101,031 |
| 3 | To re-elect Mr N J Beer as a director | 3,265,544 | 358,878 | 13,496 | 61,607 |
| 4 | To re-elect Mr E M P Denny as a director | 3,261,851 | 358,878 | 43,229 | 35,567 |
| 6 | To re-elect Mr R S Peters as a director | 3,271,038 | 358,878 | 19,932 | 49,677 |
| 6 | To re-elect Mr H P Younger as a director | 3,282,285 | 358,878 | 14,135 | 44,227 |
| 7 | To reappoint KPMG Audit Plc as independent auditors | 3,224,355 | 358,878 | 66,557 | 49,735 |
| 8 | To authorise the directors to fix the remuneration of the independent auditors | 3,286,295 | 358,878 | 21,469 | 32,883 |
| 9 | To authorise the directors to allot shares pursuant to Section 551 of the Companies Act 2006 | 3,250,385 | 358,878 | 90,262 | Nil |
| 10 | To disapply Section 561 of the Companies Act 2006 in relation to certain allotments of equity securities and the sale of treasury shares | 3,202,243 | 358,878 | 83,628 | 54,776 |
| 11 | To authorise the Company to make market purchases of ordinary shares and C shares in accordance with Section 694 of the Companies Act 2006 | 3,280,140 | 358,878 | 42,326 | 18,181 |
| 12 | To authorise the purchase of the company's deferred shares | 3,190,050 | 366,122 | 78,220 | 65,133 |
| 13 | To amend the articles of association by removing provisions formerly contained in the Company's memorandum of association and introducing a new Article specifying the limited liability of members | 3,209,818 | 363,675 | 65,531 | 60,501 |
| 14 | To authorise the company to continue as a Venture Capital Trust for a further five year period | 3,326,257 | 358,878 | 14,390 | Nil |
Enquiries:
Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
Website: www.nvm.co.uk
END