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 11 (ordinary resolution): To authorise the Directors to allot shares pursuant to section 551 of the Companies Act 2006.
Resolution 12 (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 13 (special resolution): To authorise the Directors to make market purchases of the Company's own shares.
Resolution 14 (special resolution): To authorise the Directors to convene a general meeting on not less than 14 clear days' notice.
Resolution 15 (special resolution): The Articles of Association be approved.
Resolution 16 (special resolution): The share capital of the Company be reduced by cancelling the entire amount standing to the credit of the Company's share premium account as at the date the order
is made confirming such cancellation by the High Court.
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 2021 | 20,312,229 | 99.94 | 12,390 | 0.06 | 80,131 | 20,324,619 | 6.62 |
| Resolution 2 To declare a final dividend of 3.5 pence per share | 20,297,877 | 99.87 | 26,742 | 0.13 | 80,131 | 20,324,619 | 6.62 |
| Resolution 3 To approve Directors' Remuneration Report for the year ended 30 September 2021 | 19,348,988 | 96.95 | 607,700 | 3.05 | 448,062 | 19,956,688 | 6.50 |
| Resolution 4 Re-election of Peter Lawrence | 19,439,970 | 97.81 | 435,431 | 2.19 | 529,349 | 19,875,401 | 6.48 |
| Resolution 5 Re-election of Les Gabb | 19,371,789 | 98.64 | 266,929 | 1.36 | 766,032 | 19,638,718 | 6.40 |
| Resolution 6 Re-election of Susannah Nicklin | 19,360,872 | 98.33 | 328,465 | 1.67 | 715,413 | 19,689,337 | 6.42 |
| Resolution 7 Election of Michael Probin | 19,666,895 | 97.67 | 469,824 | 2.33 | 268,031 | 20,136,719 | 6.56 |
| Resolution 8 Election of Fiona Miller Smith | 19,528,593 | 98.06 | 386,471 | 1.94 | 489,686 | 19,915,064 | 6.49 |
| Resolution 9 To appoint BDO LLP as the Auditor | 19,693,485 | 97.69 | 464,997 | 2.31 | 246,268 | 20,158,482 | 6.57 |
| Resolution 10 Authorise Audit Committee to determine auditor remuneration | 19,834,662 | 98.46 | 309,780 | 1.54 | 260,308 | 20,144,442 | 6.56 |
| Resolution 11 Authority to allot shares | 19,925,115 | 98.49 | 305,205 | 1.51 | 174,430 | 20,230,320 | 6.59 |
| Resolution 12 (special resolution) Disapplication of pre-emption rights | 19,215,715 | 95.69 | 865,795 | 4.31 | 323,240 | 20,081,510 | 6.54 |
| Resolution 13 (special resolution) Market purchases of own shares | 20,085,921 | 98.82 | 239,999 | 1.18 | 167,500 | 20,325,920 | 6.62 |
| Resolution 14 (special resolution) General meeting called on not less than 14 clear days' notice | 19,196,247 | 94.70 | 1,074,107 | 5.30 | 134,396 | 20,270,354 | 6.60 |
| Resolution 15 (special resolution) Approval of the Articles of Association | 19,608,795 | 97.23 | 558,126 | 2.77 | 229,574 | 6.57 | 20,166,921 |
| Resolution 16 (special resolution) Reduction of Company's share capital by cancelling the entire amount standing to the credit of the Company's share premium account if such an order is made by the High Court | 19,687,277 | 98.26 | 348,789 | 1.74 | 368,684 | 6.53 | 20,036,066 |
A copy of the full text of resolutions 11 to 16 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
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
