14 July 2022
Triple Point VCT 2011 plc
(the "Company")
RESULT OF ANNUAL GENERAL MEETING
The Board of Triple Point VCT 2011 plc announces that at the Company's Annual General Meeting held today, all resolutions were passed on a show of hands.
Resolutions 1 to 8 were proposed as ordinary resolutions and resolutions 9 to 13 were proposed as special resolutions. The proxy votes received prior to the meeting were as follows:
| Resolution | Votes For | % | Votes Against | % | Total votes validly cast | Total votes cast as a % of issued share capital | Votes Withheld* | |
| 1 | To receive and adopt the Annual Report and accounts of the Company for the financial year ended 28 February 2022. | 2,942,747
| 98.99 | 29,877
| 1.01
| 2,972,624 | 5.43% | 0 |
| 2 | To approve the Directors' Remuneration Report. | 2,922,735 | 98.32 | 49,889 | 1.68 | 2,972,624 | 5.43% | 0 |
| 3 | To re-elect Jane Owen as a Director of the Company. | 2,936,633
| 98.99 | 29,877
| 1.01 | 2,966,510 | 5.42% | 6,114 |
| 4 | To re-elect Julian Bartlett as a Director of the Company. | 2,916,621
| 98.32
| 49,889
| 1.68 | 2,966,510 | 5.42% | 6,114 |
| 5 | To re-elect Chad Murrin as a Director of the Company. | 2,916,621
| 98.32
| 49,889
| 1.68
| 2,966,510 | 5.42% | 6,114 |
| 6 | To re-appoint BDO as Auditors of the Company and to authorise the Audit Committee to determine the Auditors' remuneration | 2,936,482
| 98.78
| 36,142
| 1.22
| 2,972,624 | 5.43% | 0 |
| 7 | To authorise the Directors to allot Venture shares. | 2,925,638
| 98.99
| 29,877
| 1.01
| 2,955,515 | 5.40% | 17,109 |
| 8 | To authorise the Directors to allot additional Venture Shares in connection with the Company's dividend reinvestment scheme (the "DRIS") | 2,925,638
| 98.99
| 29,877
| 1.01
| 2,955,515 | 5.40% | 17,109 |
| 9 | To dis-apply statutory pre-emption rights. | 2,933,837 | 99.70 | 8,910 | 0.30
| 2,942,747 | 5.38% | 29,877 |
| 10 | To dis-apply pre-emption rights in connection with the DRIS. | 2,942,747
| 100.00
| 0 | 0 | 2,942,747 | 5.38% | 29,877 |
| 11 | To authorise the Company to purchase its own shares. | 2,925,638
| 98.99
| 29,877
| 1.01
| 2,955,515 | 5.40% | 17,109 |
| 12 | To authorise the calling of general meeting, other than an annual general meeting, on not less than 14 clear days' notice. | 2,933,837
| 98.70
| 38,787
| 1.30
| 2,972,624 | 5.43% | 0 |
| 13 | That, subject to the sanction of the High Court, to cancel the Company's share premium account relating to the Venture Shares. | 2,972,624
| 100.00 | 0 | 0 | 2,972,624 | 5.43% | 0 |
*A vote 'Withheld' is not a vote in law and is not counted in the calculation of the proportion of votes 'For' and 'Against' a resolution.
Every shareholder has one vote for every share held. As at 14 July 2022, the issued share capital of the Company consisted of 9,777,285 A Ordinary Shares, 6,758,795 B Ordinary Shares, 38,174,633 Venture Shares. The Company does not hold any shares in Treasury. Therefore, the total number of voting rights in the Company is 54,710,713.
The full text of all the resolutions can be found in the Notice of Annual General Meeting dated 27 May 2022, a copy of which is available on the Company's website at https://www.triplepoint.co.uk/current-vcts/triple-point-vct-2011-plc/s2539/
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.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
| Triple Point Investment Management LLP (Investment Manager) | Tel: 020 7201 8989 |
| Belinda Thomas Ian McLennan | |
| | |
The Company's LEI is 213800AOOAQA5XQDEA89
Further information on the Company can be found on its website https://www.triplepoint.co.uk/current-vcts/triple-point-vct-2011-plc/s2539/.
NOTES:
The Company is a Venture Capital Trust incorporated in July 2010. The Investment Manager is Triple Point Investment Management LLP. The Company was established to fund small and medium sized enterprises (SMEs). The Company launched a new share class, known as The Venture Fund, in March 2019 which is mandated to invest in SMEs producing products or digital services that solve challenges faced by their larger corporate customers.
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