Ventus VCT plc Result of AGM (7481W)
August 20 2020 - 10:02AM
UK Regulatory
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RNS Number : 7481W
Ventus VCT plc
20 August 2020
Ventus VCT plc
Results of AGM and poll
The Annual General Meeting of Ventus VCT plc (the "Company") was
held at 12 noon on Thursday, 20 August 2020. The results are as
follows.
All resolutions were passed on a poll.
Ordinary Resolutions
1. To receive the Company's audited Annual Report and Financial
Statements for the year ended 29 February 2020.
2. To declare a final dividend of 4.00p per ordinary share,
4.00p per "C" share and 2.50p per "D" share in respect of the year
ended 29 February 2020.
3. To approve the Directors' Remuneration Policy (which is set
out in the Directors' Remuneration Report on page 35 of the Annual
Report and Financial Statements).
4. To approve the Directors' Remuneration Report for the year ended 29 February 2020.
5. To re-elect David Williams as a Director of the Company.
6. To re-elect Jo Dixon as a Director of the Company.
7. To elect Nick Curtis as a Director of the Company.
8. To re-appoint BDO LLP as Auditor of the Company to hold
office until the conclusion of the next AGM at which accounts are
laid before the Company.
9. To authorise the Directors to determine the remuneration of the Auditor.
10. To authorise the Company to continue in being as a venture capital trust.
Special Resolution
11. That the Company be and is hereby generally and
unconditionally authorised to make market purchases within the
meaning of Section 693(4) of the Companies Act 2006 (the "Act") of
ordinary shares of 25p each, "C" shares of 25p each and "D" shares
of 25p each in the capital of the Company provided that:
(i) The maximum aggregate number of shares hereby authorised to
be purchased is 2,444,501 ordinary shares, 1,698,233 "C" shares and
298,415 "D" shares, representing 14.99% of the current issued share
capital of each class;
(ii) The minimum price which may be paid for a share is 25p per share;
(iii) The maximum price, exclusive of any expenses, which may be
paid for a share is an amount equal to the higher of; (a) 105% of
the average of the middle market prices shown in the quotations for
a share in The London Stock Exchange Daily Official List for the
five business days immediately preceding the day on which that
share is purchased; and (b) the amount stipulated by Article 5(1)
of the Buy-back and Stabilisation Regulation 2003;
(iv) The authority hereby conferred shall (unless previously
renewed or revoked) expire on the earlier of the AGM of the Company
to be held in 2021 and the date which is 18 months after the date
on which this resolution is passed; and
(v) The Company may make a contract or contracts to purchase its
own shares under this authority before the expiry of the authority
which will or may be executed wholly or partly after the expiry of
the authority, and may make a purchase of its own shares in
pursuance of any such contract or contracts as if the authority
conferred hereby had not expired.
The full results of the poll are below:
Resolution For Against Withheld
Directors Report and Financial statements
1. and Auditor's Report 4,896,289 16,462 3,016
------------------------------------------ ---------- -------- ---------
Final dividend 4.00p per ordinary
share, 4.00p per "C" share and 2.50p
2. per "D" share 4,899,305 16,462 -
------------------------------------------ ---------- -------- ---------
3
. Directors' Remuneration Policy 4,458,405 318,040 139,322
------------------------------------------ ---------- -------- ---------
4. Directors' Remuneration Report 4,486,078 297,440 132,249
------------------------------------------ ---------- -------- ---------
5. Re-elect David Williams 4,519,415 299,647 96,705
------------------------------------------ ---------- -------- ---------
6. Re-elect Jo Dixon 4,477,265 223,982 214,520
------------------------------------------ ---------- -------- ---------
7. Elect Nick Curtis 3,893,378 927,195 95,194
------------------------------------------ ---------- -------- ---------
8. Re-appoint BDO LLP as auditor 4,697,153 186,068 32,546
------------------------------------------ ---------- -------- ---------
9. Remuneration of auditor 4,879,495 16,482 19,810
------------------------------------------ ---------- -------- ---------
10. Continue as a venture capital trust 4,841,105 74,662 -
------------------------------------------ ---------- -------- ---------
11. Buy back shares 4,528,059 356,779 30,929
------------------------------------------ ---------- -------- ---------
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END
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