REG - British Smaller Co's - Result of General Meeting

British Smaller Companies VCTAnnouncement

14/09/2023 10:30

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RNS Number : 4685M  British Smaller Companies VCT PLC  14 September 2023

BRITISH SMALLER COMPANIES VCT PLC

RESULT OF GENERAL MEETING

 

British Smaller Companies VCT plc (the "Company") announces that at the
General Meeting of the Company held on 14 September 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 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)

 

 

Special Resolutions

 

(1)          That,

              1.1 the allotment of the Excess Shares be ratified
and adopted; and

              1.2 the Directors be retrospectively authorised and
empowered to allot the Excess Shares as though the Articles had been amended
with effect from 7 January 2022 to replace Article 3 by the following: "The
authorised share capital of the Company as at 7 January 2022 is £26,824,695,
divided into 268,246,950 Ordinary Shares of 10p each").

 

(2)        That, conditional on the passing of Resolution 1 above, any and
all claims which the Company may have against the Directors and the Past
Director arising in relation to the allotment of the Excess Shares be released
and that the Deed of Release in favour of the Directors and the Past Director
be entered into by the Company in the form of the deed produced to the meeting
and signed by the Chair for the purposes of identification.

 

(3)        That, the articles of association produced to the meeting,
and for the purposes of identification initialled by the Chair, be adopted as
the articles of association of the Company in substitution for, and to the
exclusion of, the existing articles of association.

 

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

Shareholders dated 21 June 2023 shall have the same meanings in these
Resolutions, save where the

context requires.

 

 

 

Proxy votes received were:

                                                                         %               %         Shares Withheld

                                                                         For             Against
 Special Resolutions
 1.          To authorise the allotment of the Excess Shares             97.05           2.95      169,612
 2.          To authorise the Company to enter into the Deed of Release       95.67      4.33      403,283
 3.          To adopt the revised articles of association                97.08           2.92      121,333

 

14 September 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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