REG - Blackfinch SpringVCT - Result of AGM

Blackfinch Spring VCTAnnouncement

08/06/2023 15:15

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RNS Number : 1535C  Blackfinch Spring VCT PLC  08 June 2023

Blackfinch Spring VCT plc (the "Company")

Results of Annual General Meeting (the "Meeting")

 

At the Annual General Meeting of the Company held on Thursday 8 June 2023 at
11.00am, 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 2022
together with the Independent Auditor's Report thereon.

 

2.         To approve the Directors' Remuneration Report for the year
ended 31 December 2022 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 2024 at which financial statements are
laid before the Company.

 

4.         To authorise the directors of the Company to fix the
remuneration of the auditor.

 

5.         To re-elect Peter Hewitt 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 hereby are
generally and unconditionally authorised in accordance with section 551 of the
Companies Act 2006, 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 up to an aggregate nominal value of
£400,000, representing approximately 158% of the issued share capital of the
Company as at 1 April 2023, 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  85,351                   0        0
 2.  Directors' Remuneration Report                                   79,023                   6,328    0
 3.  Re-appoint BDO LLP as auditor                                    82,163                   3,188    0
 4.  Auditor remuneration                                             82,211                   3,140    0
 5.  Re-elect Peter Hewitt                                            82,163                   3,188    0
 6.  Re-elect Reuben Wilcock                                          85,351                   0        0
 7.  Allot shares                                                     82,211                   0        3,140
 8.  Authority to disapply pre-emption rights                         79,023                   3,188    3,140
 9.  Share buyback authority                                          82,211                   0        3,140

 

 

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

 

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