Baronsmead Venture Trust Plc
("BVT" or the "Company")
Result of Annual General Meeting
BVT is pleased to announce that, at the Annual General Meeting held today, all resolutions were passed on a poll, including the following resolutions:
Resolution 10 (ordinary resolution): To authorise the Directors to allot shares pursuant to section 551 of the Companies Act 2006.
Resolution 11 (special resolution): To authorise the Directors to allot shares for cash pursuant to sections 570 and 573 of the Companies Act 2006 otherwise than in accordance with statutory pre-emption rights.
Resolution 12 (special resolution): To authorise the Directors to make market purchases of the Company's own shares.
Resolution 13 (special resolution): To authorise the Directors to convene a general meeting on not less than 14 clear days' notice.
The results of the poll for each resolution were as follows:
| Resolutions | Votes For | For (%) | Votes Against | Against (%) | Votes Withheld | Total Votes | % of Issued Share Capital voted |
| Resolution 1 To receive and adopt the accounts for the year ended 30 September 2020 | 20,189,040 | 99.93 | 14,644 | 0.07 | 69,141 | 20,203,684 | 7.66% |
| Resolution 2 To declare a final dividend of 3.5 pence per share | 20,204,705 | 99.98 | 3,225 | 0.02 | 41,515 | 20,207,930 | 7.66% |
| Resolution 3 To approve Directors' Remuneration Report for the year ended 30 September 2020 | 18,694,248 | 95.05 | 974,384 | 4.95 | 604,193 | 19,668,632 | 7.46% |
| Resolution 4
Re-election of Peter Lawrence | 19,504,117 | 97.74 | 451,937 | 2.26 | 316,771 | 19,956,054 | 7.57% |
| Resolution 5
Re-election of Les Gabb | 19,609,788 | 98.69 | 259,794 | 1.31 | 403,243 | 19,869,582 | 7.53% |
| Resolution 6
Re-election of Valerie Marshall | 19,473,899 | 97.93 | 411,753 | 2.07 | 387,173 | 19,885,652 | 7.54% |
| Resolution 7
Re-election of Susannah Nicklin | 19,668,885 | 98.91 | 216,767 | 1.09 | 387,173 | 19,885,652 | 7.54% |
| Resolution 8
Re-appointment of KPMG LLP as Auditor | 18,783,789 | 94.28 | 1,138,889 | 5.72 | 350,147 | 19,922,678 | 7.55% |
| Resolution 9
Authorise Audit Committee to determine auditor remuneration | 19,759,152 | 98.13 | 375,651 | 1.87 | 138,022 | 20,134,803 | 7.63% |
| Resolution 10
Authority to allot shares | 19,770,347 | 98.98 | 204,560 | 1.02 | 297,918 | 19,974,907 | 7.57% |
| Resolution 11
Disapplication of pre-emption rights | 19,142,813 | 96.05 | 786,311 | 3.95 | 336,114 | 19,929,124 | 7.56% |
| Resolution 12
Market purchases of own shares | 19,895,340 | 98.77 | 247,082 | 1.23 | 130,403 | 20,142,422 | 7.64% |
| Resolution 13
General meeting called on not less than 14 clear days' notice | 19,097,980 | 94.77 | 1,053,179 | 5.23 | 34,403 | 20,151,159 | 7.64% |
A copy of the full text of resolutions 11 to 13 will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
For further information please contact:
Baronsmead VCT Investor Relations
020 3875 9862
baronsmeadvcts@greshamhouse.com
LEI: 213800VQ1PQHOJXDDQ88
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