REG - Baronsmead Venture - Result of AGM

Baronsmead Venture TrustAnnouncement

06/03/2024 13:30

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RNS Number : 8588F  Baronsmead Venture Trust PLC  06 March 2024

 

 

 

6 March 2024

 

Baronsmead Venture Trust Plc

("BVT" or the "Company")

 

Result of the 2024 Annual General Meeting

 

 

BVT 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                                                                  7,468,027  99.53  35,569         0.47         105,392          7,503,596  1.85

 To receive and adopt the accounts for the year ended 30 September 2023
 Resolution 2                                                                  7,573,419  99.53  35,569         0.47         0                7,608,988  1.88

 To declare a final dividend of 2.5 pence per share
 Resolution 3                                                                  6,542,419  92.09  562,249        7.91         504,320          7,104,668  1.75

 To receive and approve Directors' Remuneration Report for the year ended 30
 September 2023
 Resolution 4                                                                  7,341,291  97.65  176,404        2.35         91,293           7,517,695  1.85

 To re-elect Fiona Miller Smith as a Director
 Resolution 5                                                                  7,329,487  96.69  250,587        3.31         28,914           7,580,074  1.87

 To re-elect Susannah Nicklin as a Director
 Resolution 6                                                                  7,002,242  92.41  575,139        7.59         31,607           7,577,381  1.87

 To re-elect Michael Probin as a Director
 Resolution 7                                                                  7,282,963  97.10  217,217        2.90         108,808          7,500,180  1.85

 To elect Isabel Dolan as a Director
 Resolution 8                                                                  6,909,204  96.22  271,062        3.78         428,722          7,180,266  1.77

 To re-appoint BDO LLP as the independent Auditor
 Resolution 9                                                                  7,124,672  99.30  50,396         0.70         433,920          7,175,068  1.77

 To authorise the Audit Committee to determine the remuneration of the
 independent Auditor
 Resolution 10                                                                 7,260,347  95.68  327,991        4.32         20,650           7,588,338  1.87

 To authorise the Directors to allot ordinary shares
 Resolution 11                                                                 6,910,882  91.32  657,269        8.68         40,837           7,568,151  1.87

 To authorise the Directors to disapply pre-emption rights
 Resolution 12                                                                 7,408,550  97.51  189,390        2.49         11,048           7,597,940  1.87

 To approve the purchase of the Company's own shares
 Resolution 13                                                                 6,919,324  91.40  651,010        8.60         38,654           7,570,334  1.87

 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 213800VQ1PQHOJXDDQ88

 

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