Baronsmead Venture - Result of AGM
01/02/2023 15:54
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RNS Number : 6368O Baronsmead Venture Trust PLC 01 February 2023
1 February 2023
Baronsmead Venture Trust Plc
("BVT" or the "Company")
Result of the 2023 Annual General Meeting
BVT 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 14,164,041 98.70 185,877 1.30 44,598 14,349,918 4.56
To receive and adopt the accounts for the year ended 30 September 2022
Resolution 2 14,201,690 99.27 104,156 0.73 - 14,305,846 4.55
To declare a final dividend of 2.75 pence per share
Resolution 3 11,925,679 88.34 1,574,376 11.66 772,407 13,500,055 4.29
To receive and approve Directors' Remuneration Report for the year ended 30
September 2022
Resolution 4 11,953,443 88.67 1,527,884 11.33 824,519 13,481,327 4.29
To approve Directors' Remuneration Policy
Resolution 5 12,620,514 93.21 919,490 6.79 765,842 13,540,004 4.30
Re-election of Fiona Miller Smith
Resolution 6 12,965,166 94.95 689,940 5.05 650,740 13,655,106 4.34
Re-election of Susannah Nicklin
Resolution 7 12,857,107 94.18 794,042 5.82 654,697 13,651,149 4.34
Re-election of Les Gabb
Resolution 8 12,795,515 92.66 1,014,132 7.34 496,199 13,809,647 4.39
Re-election of Michael Probin
Resolution 9 12,866,745 90.88 1,290,650 9.12 123,712 14,157,395 4.50
To re-appoint BDO LLP as the independent auditors
Resolution 10 13,865,316 98.20 254,222 1.80 186,308 14,119,538 4.49
Authorise the Directors to determine the remuneration of the independent
auditors
Resolution 11 13,685,420 96.52 492,788 3.48 127,638 14,178,208 4.51
Authority to allot shares
Resolution 12 12,800,246 91.07 1,255,635 8.93 249,965 14,055,881 4.47
Disapplication of pre-emption rights
Resolution 13 13,947,883 98.23 250,837 1.77 107,126 14,198,720 4.51
Market purchases of own shares
Resolution 14 12,459,410 87.72 1,744,944 12.28 101,492 14,204,354 4.52
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 213800VQ1PQHOJXDDQ88
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