Draper Esprit VCT plc Draper Esprit Vct Plc - Result Of Agm
23 September 2020 - 12:07AM
UK Regulatory
TIDMDEVC
Draper Esprit VCT plc
Legal Entity Identifier: 2138003I9Q1QPDSQ9Z97
Result of AGM
22 September 2020
At the Annual General Meeting ("AGM"), of Draper Esprit VCT plc held on
22 September 2020, which was held as a closed meeting, all resolutions
were passed.
Details of the proxy votes in respect of the resolutions passed at the
AGM received as at 11:00am on 18 September 2020, 48 hours before the
time of the meeting (excluding weekends), at the receiving agent,
Downing LLP, are set out below:
For Discretionary Against Total Withheld
---------- ---------- ------------- ---------- ---------- --------
Resolution
No. No. of No. of No. of No. of No. of
----------
Votes Cast Votes Cast Votes Cast Votes Cast Votes
---------- ---------- ------------- ---------- ---------- --------
% of votes % of votes % of votes % of votes
---------- ---------- ------------- ---------- ---------- --------
1 4,389,300 90,463 - 4,479,763 8,805
---------- ---------- ------------- ---------- ---------- --------
97.98% 2.02% 0.00% 100.00%
---------- ---------- ------------- ---------- ---------- --------
2 4,073,549 62,471 185,066 4,321,086 167,482
---------- ---------- ------------- ---------- ---------- --------
94.27% 1.45% 4.28% 100.00%
---------- ---------- ------------- ---------- ---------- --------
3 4,055,238 62,471 215,850 4,333,559 155,009
---------- ---------- ------------- ---------- ---------- --------
93.58% 1.44% 4.98% 100.00%
---------- ---------- ------------- ---------- ---------- --------
4 4,405,924 62,471 11,368 4,479,763 8,805
---------- ---------- ------------- ---------- ---------- --------
98.36% 1.39% 0.25% 100.00%
---------- ---------- ------------- ---------- ---------- --------
5 4,160,417 123,672 178,797 4,462,886 25,682
---------- ---------- ------------- ---------- ---------- --------
93.22% 2.77% 4.01% 100.00%
---------- ---------- ------------- ---------- ---------- --------
6 4,289,852 62,471 74,353 4,426,676 61,892
---------- ---------- ------------- ---------- ---------- --------
96.91% 1.41% 1.68% 100.00%
---------- ---------- ------------- ---------- ---------- --------
7 4,278,882 62,471 85,323 4,426,676 61,892
---------- ---------- ------------- ---------- ---------- --------
96.66% 1.41% 1.93% 100.00%
---------- ---------- ------------- ---------- ---------- --------
8 4,264,477 62,471 91,461 4,418,409 70,159
---------- ---------- ------------- ---------- ---------- --------
96.52% 1.41% 2.07% 100.00%
---------- ---------- ------------- ---------- ---------- --------
9 4,209,280 121,907 95,489 4,426,676 61,892
---------- ---------- ------------- ---------- ---------- --------
95.09% 2.75% 2.16% 100.00%
---------- ---------- ------------- ---------- ---------- --------
10 4,423,625 62,471 2,472 4,488,568 -
---------- ---------- ------------- ---------- ---------- --------
98.55% 1.39% 0.06% 100.00%
---------- ---------- ------------- ---------- ---------- --------
11 4,279,708 62,471 134,442 4,476,621 11,947
---------- ---------- ------------- ---------- ---------- --------
95.60% 1.40% 3.00% 100.00%
---------- ---------- ------------- ---------- ---------- --------
12 4,194,408 62,471 231,689 4,488,568 -
---------- ---------- ------------- ---------- ---------- --------
93.45% 1.39% 5.16% 100.00%
---------- ---------- ------------- ---------- ---------- --------
A copy of the resolutions passed will be submitted to the National
Storage Mechanism and will shortly be available for inspection at
https://www.globenewswire.com/Tracker?data=MTBfw0eJFnH_xn1eKJ6XKeifyQruliO-Qo81Ts4dz8FeXFDirFndZaSaUHQPsGIjXNZUiN4_J6dTsAyxH44vtXVxlA3Gk4IYi1AOlGQLgrXqFmsX7I8K2kFOuDvqytMkM3rU23IaUsxtJp53-An5JRQyN0RYi2dNNKowJ2YE-p2SiBhs8MbpN-uLansd3pfv
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
The Company decided to hold its AGM as a closed meeting because of the
practical difficulties in holding open meetings with the ongoing social
distancing restrictions. The board invited questions from shareholders
in writing and comments on the issues raised by shareholders as follows:
Board independence and director tenure
Even though all directors have sat on the board of the Company for more
than 9 years, the board is satisfied that the four independent directors
have continued to act independently in the manner in which they
undertake their duties. For example, the Board has been closely involved
in developing the new management arrangements with Draper Esprit which
have been put in place over the last couple of years and which have
effectively resulted in a change of manager for the Company.
The Board accepts that it is helpful for the director's appointment
dates to be included in the Annual Report and will ensure this is done
in future.
Board succession planning
Board structure has been a discussion topic for some time now, as the
Company has undergone a transition in putting in place the arrangements
with Draper Esprit. One director stepped down at this AGM today and the
Board is considering some further changes in due course.
Auditor's re-election and remuneration as separate AGM resolutions
The Board will give consideration to having the Auditor's re-election
and the authority for the directors to determine the Auditor's
remuneration as separate resolutions in future.
(END) Dow Jones Newswires
September 22, 2020 10:07 ET (14:07 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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