BRITISH SMALLER COMPANIES
VCT2 PLC
RESULT OF GENERAL
MEETING
British Smaller Companies VCT2 plc (the "Company")
announces that at the General Meeting of the Company held on 12
November 2024 the following special resolutions proposed at the
meeting ("Resolutions") were duly passed on a show of hands.
In accordance with the Company's obligations under UK
Listing Rules 11.4.1R and 6.4.2R, a copy of the Resolutions passed
at the General Meeting has been submitted to the National Storage
Mechanism and will shortly be available for viewing at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Special
Resolutions
1.
THAT, subject to the sanction of the High Court, the
amount standing to the credit of the share premium account of the
Company, at the date an order is made confirming such cancellation
by the Court, be and hereby is cancelled, and the amount by
which the share capital is so reduced be credited to a reserve of
the Company.
2.
THAT, subject to the sanction of the High Court, the
amount standing to the credit of the capital redemption reserve of
the Company, at the date an order is made confirming such
cancellation by the Court, be and hereby is cancelled, and
the amount by which the share capital is so reduced be credited to
a reserve of the Company.
3.
THAT, subject to the sanction of the High Court, the issued share
capital of the Company be reduced by cancelling and extinguishing
capital to the extent of 9.99 pence on each issued fully paid up
Share and reducing the nominal value of each issued fully paid up
Share from 10 pence per Share to 0.01 pence per Share at the
date an order is made confirming such reduction by the Court,
and the amount by which the share capital is so reduced be
credited to a reserve of the Company.
For the purpose of these
Resolutions, words and expressions defined in the circular issued
to
Shareholders dated 17 October 2024
shall have the same meanings in these Resolutions, save where
the
context requires.
Proxy votes received were:
|
Special Resolution
|
For
%
|
Against
%
|
Shares
Withheld
#
|
|
1. To approve the
cancellation of the Company's share premium
account
|
98.72%
|
1.28%
|
-
|
|
2. To approve the
cancellation of the Company's Capital Redemption Reserve
|
98.14%
|
1.86%
|
-
|
|
3. To approve the
reduction in the nominal value of the Company's issued share
capital
|
98.12%
|
1.88%
|
21,473
|
12 November 2024
For further information, please
contact:
|
Marcus Karia
|
YFM Equity Partners
|
Tel: 0113 244 1000
|
|
Alex Collins
|
Panmure Liberum
|
Tel: 0207 886 2767
|