REG - Baronsmead Second VT - Result of AGM

Baronsmead Second Venture TrustAnnouncement

13/03/2025 09:00

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RNS Number : 5505A  Baronsmead Second Venture Trust PLC  13 March 2025

13 March 2025

 

Baronsmead Second Venture Trust Plc

("BSVT" or the "Company")

 

Result of the 2025 Annual General Meeting

 

 

BSVT is pleased to announce that, at the Annual General Meeting held
yesterday, all resolutions set out in the Notice of Meeting were passed. All
resolutions were voted on a poll, and the results of the poll for each
resolution were:

 

 

 Resolutions                                                                    Votes For         For    Votes Against     Against (%)  Votes Withheld    Total       % of Issued Share Capital voted

                                                                                (No. of shares)   (%)    (No. of shares)                (No. of shares)   Votes
 Resolution 1                                                                   15,329,752        99.76  36,290            0.23         121,806           15,366,042  3.84%

 To receive and adopt the accounts for the year ended 30 September 2024
 Resolution 2                                                                   15,349,239        99.81  28,305            0.18         110,304           15,377,544  3.84%

 To declare a final dividend of 2.25 pence per share
 Resolution 3                                                                   13,648,617        92.15  1,162,156         7.84         677,075           14,810,773  3.70%

 To receive and approve the Directors' Remuneration Report for the year ended
 30 September 2024
 Resolution 4                                                                   13,297,025        90.11  1,458,407         9.88         732,416           14,755,432  3.69%

 To receive and approve the Directors' Remuneration Policy
 Resolution 5                                                                   14,707,046        96.67  506,320           3.32         274,482           15,213,366  3.80%

 To re-elect Sarah Fromson as a Director
 Resolution 6                                                                   14,781,145        97.22  422,264           2.77         284,439           15,203,409  3.80%

 To re-elect Graham McDonald as a Director
 Resolution 7                                                                   14,817,554        97.39  395,812           2.60         274,482           15,213,366  3.80%

 To re-elect Tim Farazmand as a Director
 Resolution 8                                                                   14,761,822        97.62  359,810           2.37         366,216           15,121,632  3.78%

 To elect Adriana Stirling as a Director
 Resolution 9                                                                   14,632,925        95.83  636,518           4.16         218,405           15,269,443  3.81%

 To re-appoint BDO LLP as independent Auditor
 Resolution 10                                                                  15,087,737        98.27  264,659           1.72         135,452           15,352,396  3.84%

 To authorise the Audit & Risk Committee to determine the remuneration of
 the independent Auditor
 Resolution 11                                                                  14,883,280        97.08  447,463           2.91         157,105           15,330,743  3.83%

 To authorise the Directors to allot ordinary shares
 Resolution 12                                                                  13,954,439        92.69  1,099,920         7.30         433,489           15,054,359  3.76%

 To authorise the Directors to disapply pre-emption rights
 Resolution 13                                                                  14,973,073        98.28  261,487           1.71         253,288           15,234,560  3.81%

 To approve the purchase of the Company's own shares
 Resolution 14                                                                  11,271,777        93.77  748,710           6.22         3,467,361         12,020,487  3.00%

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

 

 NOTES:

 1.  All resolutions were passed.
 2.  Proxy appointments which gave discretion to the Chairman of the AGM have been
     included in the "For" total for the appropriate resolution.
 3.  Votes "For" and "Against" any resolution are expressed as a percentage of
     votes validly cast for that resolution.
 4.  A "Vote withheld" is not a vote in law and is not counted in the calculation
     of the percentage of shares voted "For" or "Against" any resolution.
 5.  The number of shares carrying voting rights on 12 March 2025 was 400,271,394
     ordinary shares, carrying one vote each.
 6.  The full text of the resolutions passed at the AGM can be found in the Notice
     of Annual General Meeting which is available on the Company's website at
     https://greshamhouse.com/strategic-equity/private-equity/baronsmead-vcts/baronsmead-venture-trust-plc/
     (https://greshamhouse.com/strategic-equity/private-equity/baronsmead-vcts/baronsmead-venture-trust-plc/)
 7.  A copy of resolutions 11 to 14 passed at the AGM will shortly be submitted to
     the National Storage Mechanism and will 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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