RNS Number : 5129X
Triple Point Venture VCT PLC
23 July 2024
 

         23 July 2024

Triple Point Venture VCT PLC

(the "Company")

RESULT OF ANNUAL GENERAL MEETING

The Board of Triple Point Venture VCT 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 12 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 29 February 2024.

1,813,245

 

100

0

0%

1,813,245

 

2.5

0

2

To approve the Directors' Remuneration Report.

1,754,432

 

98.01

35,594

1.99

 

1,790,026

 

2.48

23,219

 

3

To re-elect Jamie Brooke as a Director of the Company.

1,798,409

 

99.83

3,036

0.17

 

1,801,445

 

2.5

11,800

 

4

To re-elect Julian Bartlett as a Director of the Company.

1,798,409

 

99.83

3,036

 

0.17

 

1,801,445

 

2.5

11,800

 

5

To re-elect Sam Smith as a Director of the Company.

1,798,823

 

100.00

 

0

0

 

1,798,823

 

2.49

14,422

 

6

To re-appoint BDO as Auditors of the Company and to authorise the Audit Committee to determine the Auditors' remuneration

1,806,858

 

99.65

6,387

 

0.35

 

1,813,245

 

2.5

0

7

To authorise the Directors to allot Venture shares.

1,792,399

 

98.85

 

20,846

 

1.15

 

1,813,245

 

2.5

0

8

To authorise the Directors to allot additional Venture Shares in connection with the Company's dividend reinvestment                  scheme (the "DRIS")

1,813,245

 

100.00

 

0

0.00

 

1,813,245

 

2.5

0

9

To dis-apply statutory pre-emption rights.

1,775,290

 

98.84

 

20,846

 

1.16

 

1,796,136

 

2.49

17,109

 

10

To dis-apply pre-emption rights in connection with the DRIS.

1,796,136

 

100.00

 

0

0

 

1,796,136

 

2.49

17,109

 

11

To authorise the Company to purchase its own shares.

1,813,245

 

100.00

 

0

0

 

1,813,245

 

2.5

0

12

To authorise the calling of general meeting, other than an annual general meeting, on not less than 14 clear days' notice.

1,804,570

 

99.52

 

8,675

 

0.48

 

1,813,245

 

2.5

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 23 July 2024, the issued share capital of the Company consisted 72,242,000 Venture Shares. The Company does not hold any shares in Treasury. Therefore, the total number of voting rights in the Company is 72,242,000.

 

The full text of all the resolutions can be found in the Notice of Annual General Meeting dated 31 May 2024, a copy of which is available on the Company's website at https://www.triplepoint.co.uk/current-vcts/triple-point-venture-vct-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

   Ian McLennan

   Jack Rose




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-venture-vct-plc/s2539/

NOTES:

The Company is a Venture Capital Trust incorporated in July 2010 and was established to fund small and medium sized enterprises. The Investment Manager is Triple Point Investment Management LLP.

 

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