RNS Number : 8588F
Baronsmead Venture Trust PLC
06 March 2024
 

 

 

 

6 March 2024

 

Baronsmead Venture Trust Plc

("BVT" or the "Company")

 

Result of the 2024 Annual General Meeting

 

 

BVT is pleased to announce that, at the Annual General Meeting held yesterday, all resolutions were passed on a poll, including the following resolutions:

 

Resolution 10 (ordinary resolution): To authorise the Directors to allot shares pursuant to section 551 of the Companies Act 2006.

 

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.

 

Resolution 12 (special resolution): To authorise the Directors to make market purchases of the Company's own shares.

 

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.

 

The results of the poll for each resolution were as follows:

 

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

 

* 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.

 

 

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.

 

For further information please contact:

 

Baronsmead VCT Investor Relations

 

020 3875 9862

 

baronsmeadvcts@greshamhouse.com

 

LEI 213800VQ1PQHOJXDDQ88

 

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