REG - Baronsmead Venture - Result of AGM

Baronsmead Venture TrustAnnouncement

13/03/2025 09:00

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RNS Number : 5503A  Baronsmead Venture Trust PLC  13 March 2025

 

 

 

13 March 2025

 

Baronsmead Venture Trust Plc

("BVT" or the "Company")

 

Result of the 2025 Annual General Meeting

 

 

BVT 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                                                                                    99.16  177,570           0.83                                        5.39%

 To receive and adopt the accounts for the year ended 30 September 2024        21,150,243                                              24,431            21,327,813
 Resolution 2                                                                  21,191,380        99.33  141,303           0.66         19,561            21,332,683   5.39%

 To declare a final dividend of 2.00 pence per share
 Resolution 3                                                                  19,812,281        95.35  965,832           4.64         574,131           20,778,113   5.25%

 To receive and approve Directors' Remuneration Report for the year ended 30
 September 2024
 Resolution 4                                                                  19,795,837        95.30  975,584           4.69         580,823           20,771,421   5.24%

 To receive and approve the Directors' Remuneration Policy
 Resolution 5                                                                  20,282,488        96.59  714,601           3.40         349,584           20,997,089   5.30%

 To re-elect Fiona Miller Smith as a Director
 Resolution 6                                                                  20,256,156        96.38  760,299           3.61         335,789           21,016,455   5.31%

 To re-elect Michael Probin as a Director
 Resolution 7                                                                  This resolution was withdrawn

 To elect Isabel Dolan as a Director
 Resolution 8                                                                  20,824,131        97.65  501,111           2.34         27,002            21,325,242   5.38%

 To re-appoint BDO LLP as the independent Auditor
 Resolution 9                                                                  21,057,052        98.76  263,223           1.23         31,969            21,320,275   5.38%

 To authorise the Audit Committee to determine the remuneration of the
 independent Auditor
 Resolution 10                                                                 20,940,711        98.23  375,818           1.76         35,715            21,316,529   5.38%

 To authorise the Directors to allot ordinary shares
 Resolution 11                                                                 19,817,863        93.45  1,388,013         6.54         146,368           21,205,876   5.35%

 To authorise the Directors to disapply pre-emption rights
 Resolution 12                                                                 20,977,305        98.57  302,534           1.42         72,405            21,279,839   5.37%

 To approve the purchase of the Company's own shares
 Resolution 13                                                                 20,140,808        95.16  1,022,260         4.83         189,176           21,163,068   5.34%

 General meeting called on not less than 14 clear days' notice
 Resolution 14                                                                 12,089,410        96.08  492,758           3.91         8,770,076         12,582,168   3.18%

 To approve and adopt the amended Articles of Association

 

 

 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 396,036,914
     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 10 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 213800VQ1PQHOJXDDQ88

 

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