REG - British Smlr Comp 2 - Result of AGM

British Smaller Companies VCT2Announcement

15/06/2023 15:30

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RNS Number : 8945C  British Smaller Companies VCT2 Plc  15 June 2023

BRITISH SMALLER COMPANIES VCT2 PLC

RESULT OF ANNUAL GENERAL MEETING

 

British Smaller Companies VCT2 plc (the "Company") announces that at the
Annual General Meeting of the Company held on 15 June 2023 the following
resolutions proposed at the meeting ("Resolutions") were duly passed on a show
of hands.

 

In accordance with the Company's obligations under Listing Rule 9.6.2, copies
of the Resolutions passed at the Annual General Meeting have been submitted to
the National Storage Mechanism and will shortly be available for viewing at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

Ordinary resolutions

 

(1)          That the annual report and accounts for the year ended 31
December 2022 be received.

 

(2)         That the Directors' Remuneration Report for the year ended 31
December 2022 be approved other than the part of such report containing the
Directors' Remuneration Policy.

 

(3)      That the Director's Remuneration Policy contained in the
Director's Remuneration Report for the year ended 31 December 2022 be
approved.

 

(4)          That Mr P C Waller be re-elected as a director.

 

(5)          That Ms B L Anderson be re-elected as a director.

 

(6)          That Mr R S McDowell be re-elected as a director.

 

(7)        That BDO LLP be re-appointed as auditor to the Company to hold
office until the conclusion of the next general meeting at which accounts are
laid before the Company and that the directors be authorised to fix their
remuneration.

 

(8)          That the directors be and are hereby generally and
unconditionally authorised in accordance with Section 551 of the Companies Act
2006 (the "Act") to exercise all 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 amount of £10,000,000,
during the period commencing on the passing of this Resolution and expiring on
the later of 15 months from the passing of this Resolution or the next Annual
General Meeting of the Company (unless previously revoked, varied or extended
by the Company in general meeting), but so that this authority shall allow the
Company to make before the expiry of this authority offers or agreements which
would or might require shares in the Company to be allotted, or rights to
subscribe for or to convert any security into shares to be granted, after such
expiry and that all previous authorities given to the directors be and they
are hereby revoked, provided that such revocation shall not have retrospective
effect.

 

Special Resolution

 

(9)          That the directors be and are hereby empowered in
accordance with Section 570(1) of the Act during the period commencing on the
passing of this Resolution and expiring at the conclusion of the Company's
next Annual General Meeting, or on the expiry of 15 months following the
passing of this Resolution, whichever is the later, (unless previously
revoked, varied or extended by the Company in general meeting), to allot
equity securities (as defined in Section 560 of the Act) for cash pursuant to
the general authority conferred upon the directors in Resolution 9 above as if
Section 561 of the Act did not apply to any such allotment provided that this
power is limited to the allotment of equity securities in connection with the
allotment for cash of equity securities up to an aggregate nominal amount of
£10,000,000, but so that this authority shall allow the Company to make
offers or agreements before the expiry and the directors may allot securities
in pursuance of such offers or agreements as if the powers conferred hereby
had not so expired. This power applies in relation to a sale of shares which
is an allotment of equity securities by virtue of Section 560(3) of the Act as
if in the first sentence of this Resolution the words "pursuant to the general
authority conferred upon the directors in Resolution 8 above" were omitted.

 

 

Proxy votes received were:

                                                             %      % Against  Shares Withheld

 Resolution                                                  For
 Ordinary Resolutions
 1.           To receive the annual report and accounts      99.89  0.11       5,847
 2.           To approve the Directors' Remuneration Report  96.08  3.92       238,342
 3.           To approve the Directors' Remuneration Policy  95.10  4.90       146,083
 4.           To re-elect Mr P C Waller as a director        99.23  0.77       98,617
 5.           To re-elect Ms B L Anderson as a director      99.23  0.77       78,172
 6.           To re-elect Mr R S McDowell as a director      99.45  0.55       78,172
 7.           To re-appoint BDO LLP as auditor               98.84  1.16       101,708
 8.           To authorise the directors to allot shares     98.98  1.02       153,671

 

                                                                                %      %         Shares Withheld

                                                                                For    Against
 Special Resolution
 9.          To waive pre-emption rights in respect of the allotment of shares  93.38  6.62      104,896

 

15 June 2023

 

For further information, please contact:

David Hall                             YFM Private
Equity Limited                          Tel: 0113 244
1000

Alex Collins                           Panmure Gordon
(UK) Limited                    Tel: 0207 886 2767

 

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