REG - Baronsmead Second VT - Result of AGM

Baronsmead Second Venture TrustAnnouncement

06/03/2024 14:00

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RNS Number : 8671F  Baronsmead Second Venture Trust PLC  06 March 2024

6 March 2024

 

Baronsmead Second Venture Trust Plc

("BSVT" or the "Company")

 

Result of the 2024 Annual General Meeting

 

 

BSVT 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      % of Issued Share Capital voted

                                                                                           (%)                                                 Votes
 Resolution 1                                                                   8,007,012  99.53  37,569         0.47         24,830           8,044,581  1.96

 To receive and adopt the accounts for the year ended 30 September 2023
 Resolution 2                                                                   8,044,486  99.69  24,925         0.31         0                8,069,411  1.97

 To declare a final dividend of 2.25 pence per share
 Resolution 3                                                                   7,394,711  93.68  498,495        6.32         176,205          7,893,206  1.93

 To receive and approve the Directors' Remuneration Report for the year ended
 30 September 2023
 Resolution 4                                                                   7,770,469  96.87  251,401        3.13         47,541           8,021,870  1.96

 To re-elect Sarah Fromson as a Director
 Resolution 5                                                                   7,731,533  96.15  309,645        3.85         28,233           8,041,178  1.96

 To re-elect Malcolm Groat as a Director
 Resolution 6                                                                   7,779,486  96.75  261,692        3.25         28,233           8,041,178  1.96

 To re-elect Tim Farazmand as a Director
 Resolution 7                                                                   7,759,400  96.50  281,778        3.50         28,233           8,041,178  1.96

 To re-elect Graham McDonald as a Director
 Resolution 8                                                                   7,558,933  94.99  398,354        5.01         112,124          7,957,287  1.94

 To re-appoint BDO LLP as independent Auditor
 Resolution 9                                                                   7,879,278  98.36  131,209        1.64         58,924           8,010,487  1.96

 To authorise the Audit & Risk Committee to determine the remuneration of
 the independent Auditor
 Resolution 10                                                                  7,871,583  98.22  142,421        1.78         55,407           8,014,004  1.96

 To authorise the Directors to allot ordinary shares
 Resolution 11                                                                  7,467,794  93.43  525,176        6.57         76,441           7,992,970  1.95

 To authorise the Directors to disapply pre-emption rights
 Resolution 12                                                                  7,859,515  97.52  199,586        2.48         10,310           8,059,101  1.97

 To approve the purchase of the Company's own shares
 Resolution 13                                                                  7,458,476  92.55  600,625        7.45         10,310           8,059,101  1.97

 General meeting called on not less than 14 clear days' notice

 

* 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
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

For further information please contact:

 

Baronsmead VCT Investor Relations

 

020 3875 9862

 

baronsmeadvcts@greshamhouse.com (mailto:baronsmeadvcts@greshamhouse.com)

 

LEI 2138008D3WUMF6TW8C28

 

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