7 Jul 2016 13:59
Maven Income and Growth VCT PLC
Result of Annual General Meeting
At the Annual General Meeting of the Company held in 5th Floor, 1-2 Royal Exchange Buildings, London EC3V 3LF on Thursday 7 July 2016 at 12.00 noon, all of the Resolutions put to the Meeting were passed.
At the record date for the Annual General Meeting, being 5 July 2016, the total number of voting rights in the Company stood at 54,197,884 and the total shares in issue were 54,197,884. In accordance with the provisions of E.2.2 of the UK Corporate Governance Code, the Company advises that for the Annual General Meeting, valid proxy appointments were made in respect of 4,544,455 shares and that the number of proxy votes lodged for each Resolution were as follows:
Resolutions | For | Discretion | Against | Withheld | Total | |
1 | To receive the Directors' Report and Financial Statements | 4,334,752 | 209,703 | 0 | 0 | 4,544,455 |
2 | To approve the Directors' Remuneration Report | 3,957,249 | 220,611 | 229,571 | 137,024 | 4,544,455 |
3 | To approve a final dividend
| 4,334,752 | 209,703 | 0 | 0 | 4,544,455 |
4 | To re-elect Mr John Pocock as a Director
| 4,186,293 | 236,703 | 106,843 | 14,616 | 4,544,455 |
5 | To re-elect Mr Arthur MacMillan as a Director
| 4,171,297 | 236,703 | 117,854 | 18,601 | 4,544,455 |
6 | To re-elect Mrs Fiona Wollocombe as a Director | 4,254,462 | 236,703 | 38,674 | 14,616 | 4,544,455 |
7 | To re-appoint Deloitte LLP as Auditors
| 4,170,249 | 229,703 | 130,249 | 14,254 | 4,544,455 |
8 | To authorise the Directors to fix the remuneration of the Auditors | 4,290,882 | 211,794 | 31,006 | 10,773 | 4,544,455 |
9 | To renew the Company's authority to allot shares | 4,088,226 | 211,794 | 235,298 | 9,137 | 4,544,455 |
10 | To authorise the Directors to disapply pre-emption rights | 3,740,873 | 246,339 | 517,165 | 40,078 | 4,544,455 |
11 | To renew the Company's authority to purchase its own shares | 4,234,406 | 238,794 | 63,141 | 8,114 | 4,544,455 |
12 | To amend the notice period for a General Meeting. | 3,948,062 | 231,794 | 364,599 | 0 | 4,544,455 |
A vote withheld is not a vote in law and any such votes have not been included in the votes for or against the respective Resolutions.
Passing of Resolutions under Special Business
The Resolutions passed under Special Business have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM.
The voting figures will be available to view at: http://www.mavencp.com/investment-opportunities/venture-capital-trusts/maven-income-and-growth-vct-1.
Issued on behalf of the Board
Maven Capital Partners UK LLP, Secretary
7 July 2016
Maven Income 1 (MIG1)