REG-Hazel Renewable Energy VCT 2 plc : Result of AGM and Statement <Origin Href="QuoteRef">HR2O.L</Origin>

Gresham House Renewable Energy VCT 2Announcement

07/03/2016 18:30

Hazel Renewable Energy VCT2 plc 
 7 March 2016 
 AGM Results and Statement 
 
 The Annual General Meeting of Hazel Renewable Energy VCT2 plc took place
earlier today.  The meeting was adjourned from the original venue and
relocated to a larger venue and commenced at 2:25pm. 
 
 At the start of meeting the Chairman, Peter Wisher, announced that, in view
of a large number of proxy votes that had been submitted against existing
directors, the Company had taken legal advice and had agreed to take steps to
ensure that the Company did not end up breaching the Company Act 2006 by
virtue of having less that two directors. 
 
 Accordingly, it was announced that Peter Wisher and Christian Yates had
withdrawn their offer to resign as non-executive directors at the AGM and were
not required to do so under the Company's Articles of Association. Resolutions
4 & 6 seeking re-election for Peter Wisher and Christian Yates were therefore
withdrawn. 
 
 It was further announced that Alexander Hambro and Bozkurt Aydinoglu had
withdrawn their offer to stand for re-election and would therefore cease to be
a non-executive directors at the end of the AGM. Resolutions 5 and 7 were
therefore also withdrawn. 
 
 Resolutions 1, 2, 3 and 8 were carried on a show of hand but Resolution 9 to
change the Articles of Association was defeated. 
 
 Details of the proxy votes in respect of the Annual General Meeting
resolutions received as at 2:05pm on 3 March 2015, 48 hours before the
scheduled time of the meeting (excluding weekends), at Downing LLP are set out
below: 
 
                          For               Discretionary    Against             Total             Withheld     
  Res. No.                 No. of            No. of           No. of              No. of            No. of       
             Votes Cast    Votes Cast        Votes Cast       Votes Cast          Votes            
             % of votes    % of votes        % of votes       % of votes                          
  1                        23,086,464,203     426,664,238       -              23,513,128,441      -         
             98.19%        1.81%             0.00%            100.00%                             
  2                        23,081,284,028     426,664,238      5,180,175        23,513,128,441      -         
             98.17%        1.81%             0.02%            100.00%                             
  3                        23,081,284,028     426,664,238      5,180,175        23,513,128,441      -         
             98.17%        1.81%             0.02%            100.00%                             
  4           WITHDRAWN     20,018,796,600     426,664,238      3,067,667,603    23,513,128,441      -         
  85.14%      1.81%         13.05%            100.00%                            
  5           WITHDRAWN       939,685,549     426,664,238    22,146,778,654      23,513,128,441      -         
  4.00%       1.81%         94.19%            100.00%                            
  6           WITHDRAWN     23,081,284,028     426,664,238      5,180,175        23,513,128,441      -         
  98.17%      1.81%         0.02%             100.00%                            
  7           WITHDRAWN       939,685,549     426,664,238    22,146,778,654      23,513,128,441      -         
  4.00%       1.81%         94.19%            100.00%                            
  8                        22,999,421,247     426,664,238      -                23,426,085,485    87,042,956   
             98.18%        1.82%             0.00%            100.00%                             
  9                        10,038,573,347      25,025,000    13,449,530,094      23,513,128,441      -         
             42.69%        0.11%             57.20%           100.00%                             
 A copy of the resolutions passed will be submitted to the National Storage
Mechanism and will shortly be available for inspection at
www.hemscott.com/nsm.do 
 
 After the completion of the formal business, the Chairman announced that the
Company had erroneously omitted to propose a resolution to Shareholders
seeking that the Company continue as a VCT at this AGM and would therefore be
taking steps in due course to call a further General Meeting to put such a
resolution. 
 
 The Chairman also announced that the Company had received correspondence in
the last week from a party representing a group of shareholders and, after
taking professional advice, the Company is now consulting The Panel on
Takeovers and Mergers. 
 

 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients. 
 The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein. 
 Source: Hazel Renewable Energy VCT 2 plc via Globenewswire 
 HUG#1992508