Result of AGM
01/02/2023 15:56
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RNS Number : 6370O Baronsmead Second Venture Trust PLC 01 February 2023
1 February 2023
Baronsmead Second Venture Trust Plc
("BSVT" or the "Company")
Result of the 2023 Annual General Meeting
BSVT is pleased to announce that, at the Annual General Meeting held today,
all resolutions were passed on a poll, including the following resolutions:
Resolution 11 (ordinary resolution): To authorise the Directors to allot
shares pursuant to section 551 of the Companies Act 2006.
Resolution 12 (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 13 (special resolution): To authorise the Directors to make market
purchases of the Company's own shares.
Resolution 14 (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 13,461,240 98.67 181,128 1.33 46,604 13,642,368 4.19
To receive and adopt the accounts for the year ended 30 September 2022
Resolution 2 13,531,392 98.95 143,208 1.05 0 13,674,600 4.20
To declare a final dividend of 3.0 pence per share
Resolution 3 12,063,433 89.78 1,373,455 10.22 252,084 13,436,888 4.13
To receive and approve Directors' Remuneration Report for the year ended 30
September 2022
Resolution 4 12,104,133 90.38 1,287,708 9.62 297,131 13,391,841 4.11
To approve Directors' Remuneration Policy
Resolution 5 12,918,541 96.33 492,087 3.67 278,344 13,410,628 4.12
Re-election of Sarah Fromson
Resolution 6 12,793,736 95.41 615,130 4.59 280,106 13,408,866 4.12
Re-election of Malcolm Groat
Resolution 7 12,919,474 96.47 473,435 3.53 296,063 13,392,909 4.11
Re-election of Tim Farazmand
Resolution 8 13,015,105 97.06 393,761 2.94 280,106 13,408,866 4.12
Re-lection of Graham McDonald
Resolution 9 12,897,136 94.82 704,310 5.18 67,441 13,601,446 4.18
To re-appoint BDO LLP as independent auditors
Resolution 10 13,201,669 97.12 391,253 2.88 96,050 13,592,922 4.17
Authorise the Directors to determine the remuneration of the independent
auditors
Resolution 11 13,414,964 98.07 263,324 1.93 10,684 13,678,288 4.20
Authority to allot shares
Resolution 12 12,768,980 93.54 881,530 6.46 38,462 13,650,510 4.19
Disapplication of pre-emption rights
Resolution 13 13,380,268 98.00 273,566 2.00 35,138 13,653,834 4.19
Market purchases of own shares
Resolution 14 12,440,156 91.49 1,156,587 8.51 92,229 13,596,743 4.18
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 11 to 14 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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