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