REG - Praetura Growth VCT - Result of AGM

Praetura Growth VCTAnnouncement

26/06/2025 11:15

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RNS Number : 5676O  Praetura Growth VCT Plc  26 June 2025

PRAETURA GROWTH VCT PLC

(the "Company")

Result of Annual General Meeting

LEI: 9845004ZDC57AB064B97

Praetura Growth VCT plc, announces that at the Company's first Annual General
Meeting held at 1:00pm on Tuesday 24 June 2025, all resolutions were duly
unanimously passed on a show of hands.

Resolutions 1 to 7 (inclusive) were proposed as ordinary resolutions and
resolutions 8 to 10 (inclusive) were proposed as special resolutions.

Ordinary Resolutions

1.         To receive and adopt the Directors' Report and Financial
Statements of the Company for the year ended 31 January 2025 together with the
Independent Auditor's Report thereon.

2.         To approve the Directors' Remuneration Policy.

3.         To approve the Directors' Remuneration Report for the year
ended 31 January 2025.

4.         To appoint Beevers and Struthers as Auditor of the Company
from the conclusion of the AGM until the conclusion of the next AGM of the
Company to be held in 2026 at which financial statements are laid before the
Company.

5.         To authorise the directors to fix the remuneration of the
Auditor.

6.         To re-elect Sam McArthur as a director of the Company in
accordance with the Articles of Association and the Listing Rules.

7.         To re-elect Paul Jefferson as a director of the Company in
accordance with the Articles of Association and the Listing Rules.

8.         To re-elect Elizabeth Scott as a director of the Company in
accordance with the Articles of Association and the Listing Rules.

9.         That, the Directors be and hereby are generally and
unconditionally authorised in accordance with Section 551 of the Companies Act
2006, as amended, (the "Act") to exercise all of the powers of the Company to
allot shares in the Company or to grant rights to subscribe for or to convert
any security into shares in the Company up to an aggregate nominal value of
£250,000, representing approximately 221% of the issued share capital of the
Company as at 30 April 2025, being the latest practical date prior to
publication of this document, provided that the authority conferred by this
Resolution 9 shall expire at the conclusion of the Company's next annual
general meeting or on the expiry of fifteen months following the passing of
this Resolution 9, whichever is the later (unless previously renewed, varied
or revoked by the Company in general meeting).

Special Resolutions

10.        That, the Directors be and hereby are empowered pursuant to
Section 570(1) of the Act to allot or make offers or agreements to allot
equity securities (which expression shall have the meaning ascribed to it in
Section 560(1) of the Act) for cash pursuant to the authority given in
accordance with Section 551 of the Act by Resolution 9 above as if Section 561
of the Act did not apply to such allotments, provided that the power provided
by this Resolution 10 shall expire at the conclusion of the Company's next
annual general meeting or on the expiry of fifteen months following the
passing of this Resolution 10, whichever is the later (unless previously
renewed, varied or revoked by the Company in general meeting).

11.        That, the Company be and is hereby authorised to make one or
more market purchases (within the meaning of section 693(4) of the Act) of
Ordinary shares provided that:

·     the maximum aggregate number of Ordinary shares authorised to be
purchased is an amount equal to 14.99% of the issued Ordinary shares;

·     the minimum price which may be paid for an Ordinary share is their
nominal value;

·     the maximum price which may be paid for an Ordinary share,
exclusive of expenses, is an amount equal to the higher of (i) 105% of the
average of the middle market prices shown in the quotations for an Ordinary
share in the Daily Official List of the London Stock Exchange for the five
Business Days immediately preceding the day on which that Ordinary share is
purchased; and (ii) the amount stipulated by Article 5(6) of Market Abuse
Regulation;

·     unless renewed, the authority hereby conferred shall expire either
at the conclusion of the annual general meeting of the Company following the
passing of this Resolution 11 or on the expiry of fifteen months from the
passing of this Resolution 11, whichever is the later, save that the Company
may, prior to such expiry, enter into a contract to purchase Ordinary shares
which will or may be completed or executed wholly or partly after such expiry.

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://www.globenewswire.com/Tracker?data=IQQ5HWLw_AB5wpJhrL6ZhRNB5Io9eapJa3WckRSJgcJSgWfHU4-y9fyb1JGoFMAOgS-X7NwvggSUGpgrufJ184KjK9p2dA-ZU4MmK1PZy7LnEnuwxJkgexZdMyYrN9LsplhQmj9tO_srC_K4WHZw44DZb_ZTHk1LBzsAkPU8Y3pIRN39zas4SzWRkVu45P3cTGKg7_nOvye-mrfAsI5O56Xy9huxfwxpmRD4NWt3212agx_HVhHKEgwwyoZQll5OGm7gLmxtj9wc6IueLrxE_YyF9gsbwTEcs-Gr47uRdxAnkKnr67AmStB-tilmNtFcPB2VA9vITU8R6Mwwagzvm7qWS9zxoXDUm_aw6hRxV8a6iKOXtImGWTqpylmdPRv3OB1BThXSM0b19WIdwqq3UF3bqvkcgNiZfxw-rBpKk6c=)
.

For further information, please contact:

Jon Prescott

Praetura Ventures Limited (Investment Manager)

Jon.prescott@praeturainvestments.co.uk
(mailto:Jon.prescott@praeturainvestments.co.uk)

 

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