British Smaller Companies VCT PLC Result of General Meeting (4685M)
14 September 2023 - 11:28AM
UK Regulatory
TIDMBSV
RNS Number : 4685M
British Smaller Companies VCT PLC
14 September 2023
BRITISH SMALLER COMPANIES VCT PLC
RESULT OF GENERAL MEETING
British Smaller Companies VCT plc (the "Company") announces that
at the General Meeting of the Company held on 14 September 2023 the
following resolutions proposed at the meeting ("Resolutions") were
duly passed on a show of hands.
In accordance with the Company's obligations under Listing Rule
9.6.2, Copies of the Resolutions passed at the General Meeting have
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,
1.1 the allotment of the Excess Shares be ratified and adopted;
and
1.2 the Directors be retrospectively authorised and empowered to
allot the Excess Shares as though the Articles had been amended
with effect from 7 January 2022 to replace Article 3 by the
following: "The authorised share capital of the Company as at 7
January 2022 is GBP26,824,695, divided into 268,246,950 Ordinary
Shares of 10p each").
(2) That, conditional on the passing of Resolution 1 above, any
and all claims which the Company may have against the Directors and
the Past Director arising in relation to the allotment of the
Excess Shares be released and that the Deed of Release in favour of
the Directors and the Past Director be entered into by the Company
in the form of the deed produced to the meeting and signed by the
Chair for the purposes of identification.
(3) That, the articles of association produced to the meeting,
and for the purposes of identification initialled by the Chair, be
adopted as the articles of association of the Company in
substitution for, and to the exclusion of, the existing articles of
association.
For the purpose of these Resolutions, words and expressions
defined in the circular issued to
Shareholders dated 21 June 2023 shall have the same meanings in
these Resolutions, save where the
context requires.
Proxy votes received were:
% % Shares
For Against Withheld
Special Resolutions
---------- --------- ----------
To authorise the allotment of the Excess
1. Shares 97.05 2.95 169,612
--------------------------------------------- ---------- --------- ----------
To authorise the Company to enter into
2. the Deed of Release 95.67 4.33 403,283
--------------------------------------------- ---------- --------- ----------
3. To adopt the revised articles of association 97.08 2.92 121,333
--------------------------------------------- ---------- --------- ----------
14 September 2023
For further information, please contact:
David Hall YFM Private Equity Limited Tel: 0113 244 1000
Alex Collins Panmure Gordon (UK) Limited Tel: 0207 886 2767
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END
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