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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