REG - Gresham House REVCT - Result of AGM

Gresham House Renewable Energy VCT 1Announcement

19/03/2025 17:30

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RNS Number : 3612B  Gresham House Renewable EnergyVCT1  19 March 2025

19 March 2025

 

GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLC

(the "Company")

 

Result of 2025 AGM

 

Gresham House Renewable Energy VCT 1 plc announces that at the Company's
Annual General Meeting held yesterday, 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 5 (inclusive) were proposed as ordinary resolutions and
resolution 6 was proposed as a special resolution.

In accordance with UKLR 6.4.2 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.                To receive and adopt the Annual Report and Accounts for the year ended 30  739,964,703  94.77  40,797,757     5.23   780,762,460               3.06                                           0
                   September 2024.
 2.                To receive and approve the Directors' Remuneration Report.                 665,935,748  85.29  114,826,712    14.71  780,762,460               3.06                                           0
 3.                To re-appoint BDO LLP as the Company's auditor.                            739,964,703  94.77  40,797,757     5.23   780,762,460               3.06                                           0
 4.                To authorise the Directors to determine the remuneration of the Company's  739,964,703  94.77  40,797,757     5.23   780,762,460               3.06                                           0
                   auditor.
 5.                To re-elect Gill Nott as a Director of the Company                         665,935,748  85.29  114,826,712    14.71  780,762,460               3.06                                           0
 6.                To allow the Company to hold general meetings on 14 days' notice.          594,964,848  76.20  185,797,612    23.80  780,762,460               3.06                                           0

 

* 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.

While all resolutions passed, Resolution 6, which related to holding General
Meetings (other than an Annual General Meeting) of the Company on 14 clear
days' notice, received opposition from some shareholders. Considering the
number of votes against this resolution, the Company will undertake a detailed
review of the feedback received on this matter to ensure it fully understands
shareholders' concerns. The Board takes seriously its responsibilities to
uphold the highest standards of corporate governance and is open to
constructive dialogue with shareholders and shareholder bodies.

 

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 17 March 2025, 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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