26 June 2020
Gresham House Renewable Energy VCT 2 plc
("VCT 2" or the "Company")
Result of 2020 Annual General Meeting
Gresham House Renewable Energy VCT 2 plc announces that at the Company's 2020 Annual General Meeting held on 25 June 2020, resolutions 1 to 7 (inclusive) were passed on a show of hands and resolutions 8 to 10 (inclusive) were voted on and passed by way of a poll. The results of the proxy votes received are set out below.
Resolutions 1 to 7 (inclusive) were proposed as ordinary resolutions and resolutions 8 to 10 (inclusive) were proposed as special resolutions.
| | Resolution | Votes For* | % | Votes Against | % | Total votes validly cast | Total votes cast as % of issued share capital | Vote Withheld ** |
|
1 | Receive and adopt directors' report and annual accounts for period ended 31 December 2019 | 2,320,808,723 | 100 | 0 | 0 | 2,320,808,723 | 8.87 | 0 |
| 2 | Approve directors' remuneration report | 2,315,628,548 | 99.78 | 5,180,175 | 0.22 | 2,320,808,723 | 8.87 | 0 |
| 3 | Approve the directors' remuneration policy | 2,315,628,548 | 99.78 | 5,180,175 | 0.22 | 2,320,808,723 | 8.87 | 0 |
| 4 | To re-appoint the auditor BDO LLP | 2,315,628,548 | 99.78 | 5,180,175 | 0.22 | 2,320,808,723 | 8.87 | 0 |
| 5 | To authorise the board of directors to determine the auditors remuneration | 2,320,808,723 | 100 | 0 | 0 | 2,320,808,723 | 8.87 | 0 |
| 6 | Re-elect Matthew Evans as a director | 2,315,628,548 | 99.78 | 5,180,175 | 0.22 | 2,320,808,723 | 8.87 | 0 |
| 7 | To authorise the Directors to allot shares under section 551 Companies Act 2006 | 2,320,808,723 | 100 | 0 | 0 | 2,320,808,723 | 8.87 | 0 |
|
8 | Subject to the passing of resolution 8, to disapply statutory pre-emption rights under section 570 Companies Act 2006 | 2,305,618,548 | 99.78 | 5,180,175 | 0.22 | 2,310,798,723 | 8.83 | 10,010,000 |
| 9 | To authorise the Company to make market purchase of its own ordinary shares | 2,320,808,723 | 100 | 0 | 0 | 2,320,808,723 | 8.87 | 0 |
| 10 | To permit general meetings to be called on 14 days' notice | 2,305,618,548 | 99.35 | 15,190,175 | 0.65 | 2,320,808,723 | 8.87 | 0 |
* Includes discretionary votes
** A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.
Gresham House Renewable Energy VCT 2 PLC - LEI: 213800GQ3JQE2M214C75
For further information, please contact:
| Gresham House Asset Management | t.hayes@greshamhouse.com |
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| JTC (UK) Limited - Company Secretary | GreshamVCTs@jtcgroup.com |
Notes:
As at close of business on 23 June 2020, the share capital of the Company consisted of 26,133,036 Ordinary Shares and 39,463,845 'A' shares, excluding treasury shares. Each Ordinary Share has 1,000 voting rights and each 'A' share has one voting right.
In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
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