REG - British Smlr Comp 2 - Result of General Meeting

British Smaller Companies VCT2Announcement

12/11/2024 14:00

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RNS Number : 9460L  British Smaller Companies VCT2 Plc  12 November 2024

BRITISH SMALLER COMPANIES VCT2 PLC

RESULT OF GENERAL MEETING

 

British Smaller Companies VCT2 plc (the "Company") announces that at the
General Meeting of the Company held on 12 November 2024 the following special
resolutions proposed at the meeting ("Resolutions") were duly passed on a show
of hands.

 

In accordance with the Company's obligations under UK Listing Rules 11.4.1R
and 6.4.2R, a copy of the Resolutions passed at the General Meeting has 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/%23/nsm/nationalstoragemechanism)

 

Special Resolutions

 

1.             THAT, subject to the sanction of the High Court,
the amount standing to the credit of the share premium account of the Company,
at the date an order is made confirming such cancellation by the Court, be and
hereby is cancelled, and the amount by which the share capital is so reduced
be credited to a reserve of the Company.

 

2.            THAT, subject to the sanction of the High Court, the
amount standing to the credit of the capital redemption reserve of the
Company, at the date an order is made confirming such cancellation by the
Court, be and hereby is cancelled, and the amount by which the share capital
is so reduced be credited to a reserve of the Company.

 

3.            THAT, subject to the sanction of the High Court, the
issued share capital of the Company be reduced by cancelling and extinguishing
capital to the extent of 9.99 pence on each issued fully paid up Share and
reducing the nominal value of each issued fully paid up Share from 10 pence
per Share to 0.01 pence per Share at the date an order is made confirming such
reduction by the Court, and the amount by which the share capital is so
reduced be credited to a reserve of the Company.

 

For the purpose of these Resolutions, words and expressions defined in the
circular issued to

Shareholders dated 17 October 2024 shall have the same meanings in these
Resolutions, save where the

context requires.

 

Proxy votes received were:

 

 Special Resolution                                                              For     Against  Shares Withheld

                                                                                 %       %        #
 1.   To approve the cancellation of the Company's share premium account         98.72%  1.28%    -
 2.   To approve the cancellation of the Company's Capital Redemption Reserve    98.14%  1.86%    -
 3.   To approve the reduction in the nominal value of the Company's issued      98.12%  1.88%    21,473
 share capital

 

 

12 November 2024

 

 

For further information, please contact:

 

 Marcus Karia  YFM Equity Partners  Tel: 0113 244 1000
 Alex Collins  Panmure Liberum      Tel: 0207 886 2767

 

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