Result of AGM

LONDON--(BUSINESS WIRE)-- 

New Century AIM VCT plc

Result of 2021 Annual General Meeting

New Century AIM VCT plc announces that at the Annual General Meeting (AGM) held today at 12.00pm, Resolutions 1 to 5 and 9 as set out in the Notice of the AGM dated 25 June 2021 were passed, while Resolutions 6 to 8 were not passed. The number of votes for and against each of the resolutions, and the number of votes withheld, were as follows:

		FOR		AGAINST		WITHHELD
Resolution		Votes cast	%	Votes cast	%	Votes cast
Ordinary Business
1	To receive, consider and adopt the financial statements for the period ended 28 February 2021	5,496,136	100.00%	0	0.00%	33,750
2	To declare a final dividend of 6.5 pence	5,529,886	100.00%	0	0.00%	0
3	To approve the Directors' Remuneration Report	5,496,136	100.00%	0	0.00%	33,750
4	To re-elect Geoff Gamble as a director	5,492,517	100.00%	0	0.00%	37,369
5	To re-appoint UHY Hacker Young LLP as auditors of the company and to authorise the directors to agree their remuneration	5,529,886	100.00%	0	0.00%	0
Special Business
6	To continue in being as a venture capital trust	1,642,251	29.70%	3,887,635	70.30%	0
7	To authorise the directors to allot relevant securities	1,787,739	32.53%	3,708,397	67.47%	33,750
8	To disapply Section 561 of the Companies Act 2006**	2,374,393	43.23%	3,118,124	56.77%	37,369
9	To authorise the directors to make market purchases of its own shares by utilising distributable reserves of the company**	5,496,136	99.39%	33,750	0.61%	0

** denotes a special resolution

The number of ordinary shares in issue as at the date of the 2021 Annual General Meeting is 7,860,937.

As Resolution 6 was not passed by the requisite majority, the Board will, as required by the Company’s articles of association, convene an extraordinary general meeting within 4 months of the AGM to consider resolutions on the future of the Company.

26 August 2021