Blackfinch SpringVCT - Result of AGM
08/06/2022 11:48
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220608:nRSH1707Oa&default-theme=true
RNS Number : 1707O Blackfinch Spring VCT PLC 08 June 2022
Blackfinch Spring VCT plc (the "Company")
Results of Annual General Meeting (the "Meeting")
At the Annual General Meeting of the Company held on Wednesday 8 June 2022 at
10.00am, the following resolutions were duly passed.
Ordinary Resolutions
1. To receive and adopt the Directors' Report and Financial
Statements of the Company for the financial year ended 31
December 2021 together with the Independent Auditor's Report
thereon.
2. To approve the Directors' Remuneration Report for the year
ended 31 December 2021 other than the part of such
Report containing the Directors' Remuneration Policy.
3. To appoint BDO LLP as the auditor of the Company from the
conclusion of the Meeting until the conclusion of the
next annual general meeting of the Company to be held in
2023 at which financial statements are laid before the
Company.
4. To authorise the directors to fix the remuneration of the
auditor.
5. To re-elect Kate Jones as a director of the Company in
accordance with the Articles of
Association.
6. To re-elect Reuben Wilcock as a director of the Company in
accordance with the Articles of
Association and the Listing Rules.
7. THAT, the directors of the Company be and are hereby
generally and unconditionally authorised in accordance with section 551 of the
Companies Act 2006 (the "Act"), to exercise all of the powers of the Company
to allot shares in the Company or to grant rights to subscribe for or to
convert any security into shares in the Company ("Rights") up to an aggregate
nominal value of £400,000, representing approximately 272% of the issued
share capital of the Company as at 1 April 2022, being the latest practical
date prior to publication of this document, provided that the authority
conferred by this Resolution 7 shall expire at the conclusion of the Company's
next annual general meeting or on the expiry of fifteen months following the
passing of this Resolution 7, whichever is the later (unless previously
renewed, varied or revoked by the Company in general meeting).
Special Resolutions
8. That, the Directors be and hereby are empowered pursuant to
Section 570(1) of CA 2006 to allot or make offers or agreements to allot
equity securities (which expression shall have the meaning ascribed to it in
Section 560(1) of CA 2006) for cash pursuant to the authority given in
accordance with Section 551 of CA 2006 by Resolution 7 above as if Section
561(1) of CA 2006 did not apply to such allotments, provided that the power
provided by this Resolution 8 shall expire at the conclusion of the Company's
next annual general meeting or on the expiry of fifteen months following the
passing of this Resolution 8, whichever is the later (unless previously
renewed, varied or revoked by the Company in general meeting).
9. That, the Company be and is hereby authorised to make one or
more market purchases (within the meaning of section 693(4) of the CA 2006) of
Ordinary Shares provided that:
9.1 the maximum aggregate number of Ordinary Shares authorised to be purchased
is an
amount equal to 14.99% of the issued Ordinary Shares;
9.2 the minimum price which may be paid for an Ordinary Share is their nominal
value;
9.3 the maximum price which may be paid for an Ordinary Share is an amount
equal to the
higher of (i) 105% of the average of the middle market quotation
per Share taken from
the London Stock Exchange daily official list for the five Business
Days immediately
preceding the day on which such Ordinary Share is to be purchased;
and (ii) the amount
stipulated by the UK version of Article 5(6) of Market Abuse
Regulation
(596/2014/EU); and
9.4 unless renewed, the authority hereby conferred shall expire either at the
conclusion of
the annual general meeting of the Company following the passing of
this Resolution 9
or on the expiry of fifteen months from the passing of this
Resolution 9, whichever is
the later, save that the Company may, prior to such expiry, enter
into a contract to
purchase Ordinary Shares which will or may be completed or executed
wholly or partly
after such expiry.
Resolution For & Discretionary Against Withheld
1. Directors' Report and Financial Statements and Auditor's Report
22,616 0 0
2. Directors' Remuneration Report 22,616 0 0
3. Re-appoint BDO LLP as auditor 22,616 0 0
4. Auditor remuneration 22,616 0 0
5. Re-elect Kate Jones 22,616 0 0
6. Re-elect Reuben Wilcock 22,616 0 0
7. Allot shares 22,616 0 0
8. Authority to disapply pre-emption rights 22,616 0 0
9. Share buyback authority 22,616 0 0
For further information please contact:
Blackfinch Investments Limited (Investment Manager) - 01452 717070
The City Partnership (UK) Limited (Company Secretary) - enquiries@city.uk.com
(mailto:enquiries@city.uk.com) - Robin Smeaton
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END RAGSSIFSAEESELM