REG - Gresham House REVCT - Result of AGM and Update on Sale Process

Gresham House Renewable Energy VCT 1Announcement

19/03/2024 16:15

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RNS Number : 4772H  Gresham House Renewable EnergyVCT1  19 March 2024

19 March 2024

 

GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLC

(the "Company")

 

Result of 2024 AGM and Update on Sale Process

 

Gresham House Renewable Energy VCT 1 plc, announces that at the Company's
Annual General Meeting held today, all resolutions were passed by way of a
poll and the results of the poll, including the proxy votes received, are set
out below.

Resolutions 1 to 4 (inclusive) were proposed as ordinary resolutions and
resolution 5 was proposed as a special resolution.

In accordance with Listing Rule 9.6.2 copies of all the resolutions passed,
other than ordinary business, will be submitted to the National Storage
Mechanism and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

                   Resolution                                                         Votes For*  %      Votes Against  %     Total votes validly cast  Total votes cast as % of issued share capital  Vote Withheld **
 1.                Receive annual accounts for year ended 30 September 2023.          4,533,848   100    0              0     4,533,848                 0.02                                           19,785
 2.                Receive and approve the Directors' Remuneration Report.            4,533,848   100    0              0     4,533,848                 0.02                                           19,785
 3.                Re-appoint BDO LLP as the Company's auditor.                       4,533,848   100    0              0     4,533,848                 0.02                                           19,785
 4.                Authorise the Directors to determine the auditor's remuneration.   4,533,848   100    0              0     4,533,848                 0.02                                           19,785
 5.                To allow the Company to hold general meetings on 14 days' notice.  4,523,498   99.77  10,350         0.23  4,533,848                 0.02                                           19,785

 

* Includes discretionary votes

** A vote withheld is not a vote in law and is not counted in the calculation
of the votes for or against a resolution.

 

Update on Sale Process

 

By way of update and in accordance with the shareholder vote held on 13 July
2021 to enter a Managed Wind-Down of the Company (as defined and described in
the circular to Shareholders dated 17 June 2021), the Board and its advisers
are continuing discussions with potential purchasers of the remaining solar
assets.

END

 

For further information, please contact:

 Gresham House Asset Management  renewablenergy@greshamhouse.com (mailto:renewablenergy@greshamhouse.com)
 Investor Relations              Tel: 020 3875 9860

 JTC (UK) Limited                GreshamVCTs@jtcgroup.com (mailto:GreshamVCTs@jtcgroup.com)
 Company Secretary
Tel: 020 7409 0181

 

 

LEI: 213800IVQHJXUQBAAC06

 

Notes:

As at close of business on 18 March 2024, the Company's issued share capital
comprised 25,515,242 Ordinary Shares and 38, 512, 032 'A' Shares, excluding
shares held in treasury, and the total number of voting rights in the Company
were 25,553,754,032, being 25,515,242,000 votes attributable to Ordinary
Shares and 38,512,032 rights attributable to "A" Shares.

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