14 Jan 2009 16:26
14 January 2009
NORTHERN VENTURE TRUST PLC ("The Company")
RESULT OF ANNUAL GENERAL MEETING
The Company announces that at the annual general meeting held on 14 January 2009 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 Michael Denny and Mr John Hustler.
As detailed in the Company's annual report and accounts for the year ended 30 September 2008, Professor Sir Frederick Holliday retired as chairman and as a director of the Company at the conclusion of the annual general meeting and Mr John Hustler was appointed as chairman of the board. In addition, at the conclusion of the meeting, Mr John Hustler became chairman of the nomination and management engagement committees and Miss Primrose Scott became chairman of the audit committee.
Details of proxy voting on the resolutions put to shareholders at the annual general meeting are as follows:
| Number | Resolution | For | Discretionary | Against | Abstentions |
| 1 | To receive the financial statements for the year ended 30 September 2008 | 3,882,277 | 17,710 | Nil | 5,150 |
| 2 | To declare a final dividend of 1.5p per ordinary share | 3,856,827 | 43,310 | Nil | 5,000 |
| 3 | To declare a final dividend of 1.0p per C share | 3,821,973 | 75,164 | 5,000 | 3,000 |
| 4 | To approve the directors' remuneration report | 3,775,727 | 17,710 | 10,275 | 101,425 |
| 5 | To re-elect Mr E M P Denny as a director | 3,862,072 | 17,710 | 12,150 | 13,205 |
| 6 | To re-elect Mr J R Hustler as a director | 3,871,704 | 17,710 | 6,158 | 9,565 |
| 7 | To reappoint KPMG Audit Plc as independent auditors | 3,841,906 | 17,710 | 6,150 | 39,371 |
| 8 | To authorise the directors to fix the remuneration of the independent auditors | 3,876,427 | 27,710 | 1,000 | Nil |
| 9 | To authorise the directors to allot shares pursuant to Section 80 of the Companies Act 1985 | 3,858,285 | 17,710 | 24,142 | 5,000 |
| 10 | To disapply Section 89 of the Companies Act 1985 in relation to certain allotments of equity securities | 3,804,414 | 47,869 | 52,854 | Nil |
| 11 | To authorise the Company to make market purchases of ordinary shares and C shares in accordance with Section 166 of the Companies Act 1985 | 3,798,871 | 61,178 | 45,088 | Nil |
Enquiries:
Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
Website: www.nvm.co.uk
END
Northern Venture Trust (NVT)