Source - LSE Regulatory
RNS Number : 6370O
Baronsmead Second Venture Trust PLC
01 February 2023
 

1 February 2023

 

Baronsmead Second Venture Trust Plc

("BSVT" or the "Company")

 

Result of the 2023 Annual General Meeting

 

 

BSVT 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, other than annual general meetings, 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 2022

13,461,240

98.67

181,128

1.33

46,604

13,642,368

4.19

Resolution 2

To declare a final dividend of 3.0 pence per share

13,531,392

98.95

143,208

1.05

0

13,674,600

4.20

Resolution 3

To receive and approve Directors' Remuneration Report for the year ended 30 September 2022

12,063,433

89.78

1,373,455

10.22

252,084

13,436,888

4.13

Resolution 4

To approve Directors' Remuneration Policy

12,104,133

90.38

1,287,708

9.62

297,131

13,391,841

4.11

Resolution 5

Re-election of Sarah Fromson

12,918,541

96.33

492,087

3.67

278,344

13,410,628

4.12

Resolution 6

Re-election of Malcolm Groat

12,793,736

95.41

615,130

4.59

280,106

13,408,866

4.12

Resolution 7

Re-election of Tim Farazmand

12,919,474

96.47

473,435

3.53

296,063

13,392,909

4.11

Resolution 8

Re-lection of Graham McDonald

13,015,105

97.06

393,761

2.94

280,106

13,408,866

4.12

Resolution 9

To re-appoint BDO LLP as independent auditors

12,897,136

94.82

704,310

5.18

67,441

13,601,446

4.18

Resolution 10

Authorise the Directors to determine the remuneration of the independent auditors

13,201,669

97.12

391,253

2.88

96,050

13,592,922

4.17

Resolution 11

Authority to allot shares

13,414,964

98.07

263,324

1.93

10,684

13,678,288

4.20

Resolution 12

Disapplication of pre-emption rights

12,768,980

93.54

881,530

6.46

38,462

13,650,510

4.19

Resolution 13

Market purchases of own shares

13,380,268

98.00

273,566

2.00

35,138

13,653,834

4.19

Resolution 14

General meeting called on not less than 14 clear days' notice

12,440,156

91.49

1,156,587

8.51

92,229

13,596,743

4.18

 

*Votes withheld are not a vote in law and are therefore not counted in the calculation of the percentages of the votes cast for and against a resolution.

 

A copy of the full text of resolutions 11 to 14 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 2138008D3WUMF6TW8C28

 

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