6 Mar 2024 13:22
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6 March 2024
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Baronsmead Venture Trust Plc
("BVT" or the "Company")
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Result of the 2024 Annual General Meeting
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BVT is pleased to announce that, at the Annual General Meeting held yesterday, all resolutions were passed on a poll, including the following resolutions:
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Resolution 10 (ordinary resolution): To authorise the Directors to allot shares pursuant to section 551 of the Companies Act 2006.
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Resolution 11 (special resolution): To authorise the Directors to allot shares for cash pursuant to sections 570 and 573 of the Companies Act 2006 otherwise than in accordance with statutory pre-emption rights.
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Resolution 12 (special resolution): To authorise the Directors to make market purchases of the Company's own shares.
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Resolution 13 (special resolution): To authorise the Directors to convene a general meeting, other than annual general meetings, on not less than 14 clear days' notice.
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The results of the poll for each resolution were as follows:
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Resolutions | Votes For | For (%) | Votes Against | Against (%) | Votes Withheld* | Total Votes | % of Issued Share Capital voted |
Resolution 1 To receive and adopt the accounts for the year ended 30 September 2023 | 7,468,027 | 99.53 | 35,569 | 0.47 | 105,392 | 7,503,596 | 1.85 |
Resolution 2 To declare a final dividend of 2.5 pence per share | 7,573,419 | 99.53 | 35,569 | 0.47 | 0 | 7,608,988 | 1.88 |
Resolution 3 To receive and approve Directors' Remuneration Report for the year ended 30 September 2023 | 6,542,419 | 92.09 | 562,249 | 7.91 | 504,320 | 7,104,668 | 1.75 |
Resolution 4 To re-elect Fiona Miller Smith as a Director | 7,341,291 | 97.65 | 176,404 | 2.35 | 91,293 | 7,517,695 | 1.85 |
Resolution 5 To re-elect Susannah Nicklin as a Director | 7,329,487 | 96.69 | 250,587 | 3.31 | 28,914 | 7,580,074 | 1.87 |
Resolution 6 To re-elect Michael Probin as a Director | 7,002,242 | 92.41 | 575,139 | 7.59 | 31,607 | 7,577,381 | 1.87 |
Resolution 7 To elect Isabel Dolan as a Director | 7,282,963 | 97.10 | 217,217 | 2.90 | 108,808 | 7,500,180 | 1.85 |
Resolution 8 To re-appoint BDO LLP as the independent Auditor | 6,909,204 | 96.22 | 271,062 | 3.78 | 428,722 | 7,180,266 | 1.77 |
Resolution 9 To authorise the Audit Committee to determine the remuneration of the independent Auditor | 7,124,672 | 99.30 | 50,396 | 0.70 | 433,920 | 7,175,068 | 1.77 |
Resolution 10 To authorise the Directors to allot ordinary shares | 7,260,347 | 95.68 | 327,991 | 4.32 | 20,650 | 7,588,338 | 1.87 |
Resolution 11 To authorise the Directors to disapply pre-emption rights | 6,910,882 | 91.32 | 657,269 | 8.68 | 40,837 | 7,568,151 | 1.87 |
Resolution 12 To approve the purchase of the Company's own shares | 7,408,550 | 97.51 | 189,390 | 2.49 | 11,048 | 7,597,940 | 1.87 |
Resolution 13 General meeting called on not less than 14 clear days' notice | 6,919,324 | 91.40 | 651,010 | 8.60 | 38,654 | 7,570,334 | 1.87 |
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* Votes withheld are not a vote in law and are therefore not counted in the calculation of the percentages of the votes cast for and against a resolution.
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A copy of the full text of resolutions 10 to 13 will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
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For further information please contact:
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Baronsmead VCT Investor Relations
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020 3875 9862
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baronsmeadvcts@greshamhouse.com
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LEI 213800VQ1PQHOJXDDQ88
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