CRWN Albion Crown Vct Plc

 
TIDMCRWN 
 
 
   At an Annual General Meeting of Crown Place VCT PLC, duly convened at 
The City of London Club, 19 Old Broad Street, London EC2N 1DS on 29 
November 2018 at 11:00 a.m. the following resolutions were passed: 
 
   Ordinary resolutions numbers 1 to 5 were passed. 
 
   The following items of Special Business were passed of which resolution 
6 and 7 were passed as ordinary resolutions and 8 to 10 were passed as 
special resolutions. 
 
   Special business 
 
   6. Change to investment policy 
 
   That the Company's investment policy be amended by replacing the wording 
under the heading "Investment policy" in the current policy with the 
following: 
 
   "The Company will invest in a broad portfolio of smaller, unquoted 
growth businesses across a variety of sectors including higher risk 
technology companies. Investments may take the form of equity or a 
mixture of equity and loans. 
 
   Whilst allocation of funds will be determined by the investment 
opportunities which become available, efforts will be made to ensure 
that the portfolio is diversified both in terms of sector and stage of 
maturity of investee businesses. Funds held pending investment, or for 
liquidity purposes, will be held principally as cash on deposit." 
 
   7. Authority to allot shares 
 
   That the Directors be generally and unconditionally authorised in 
accordance with section 551 of the Companies Act 2006 (the "Act") to 
allot shares in the Company up to an aggregate nominal amount of 
GBP365,732 for Ordinary shares provided that this authority shall expire 
15 months from the date that this resolution is passed, or, if earlier, 
the conclusion of the next Annual General Meeting of the Company but so 
that the Company may, before such expiry, make an offer or agreement 
which would or might require shares to be allotted or rights to 
subscribe for or convert securities into shares to be granted after such 
expiry and the Directors may allot shares or grant rights to subscribe 
for or convert securities into shares pursuant to such an offer or 
agreement as if this authority had not expired. 
 
   8. Authority for the disapplication of pre-emption rights 
 
   That the Directors be empowered, pursuant to section 570 of the Act, to 
allot equity securities (within the meaning of section 560 of the Act) 
for cash pursuant to the authority conferred by resolution number 7 
and/or sell Ordinary shares held by the Company as treasury shares for 
cash as if section 561(1) of the Act did not apply to any such allotment 
or sale. 
 
   Under this power the Directors may impose any limits or restrictions and 
make any arrangements which they deem necessary or expedient to deal 
with any treasury shares, fractional entitlements, record dates, legal, 
regulatory or practical problems in, or laws of, any territory or other 
matter, arising under the laws of, or the requirements of any recognised 
regulatory body or any stock exchange in, any territory or any other 
matter. 
 
   This power shall expire 15 months from the date that this resolution is 
passed or, if earlier, the conclusion of the next Annual General Meeting 
of the Company, save that the Company may, before such expiry, make an 
offer or agreement which would or might require equity securities to be 
allotted after such expiry and the Directors may allot equity securities 
in pursuance of any such offer or agreement as if this power had not 
expired 
 
   9. Authority to purchase own shares 
 
   That, the Company be generally and unconditionally authorised to make 
market purchases (within the meaning of Section 693(4) of the Act) of 
Ordinary shares of 1 penny each in the capital of the Company, on such 
terms as the Directors think fit, provided always that: 
 
   (a)          the maximum number of shares hereby authorised to be 
purchased is 27,411,637 representing 14.99 per cent. of the issued 
Ordinary share capital of the Company as at the date of this Notice; 
 
   (b)          the minimum price, exclusive of any expenses, which may be 
paid for an Ordinary share is 1 penny; 
 
   (c)           the maximum price, exclusive of any expenses, which may be 
paid for each Ordinary share is an amount equal to the higher of (a) 105 
per cent. of the average of the middle market quotations for an Ordinary 
share, as derived from the London Stock Exchange Daily Official List, 
for the five business days immediately preceding the day on which the 
Ordinary share is purchased; and (b) the amount stipulated by Article 
5(1) of the Buy-back and Stabilisation Regulation 2003; 
 
   (d)          the authority hereby conferred shall, unless previously 
revoked, varied or renewed, expire 15 months from the date that this 
resolution is passed or, if earlier, at the conclusion of the next 
Annual General Meeting; and 
 
   (e)          the Company may make a contract or contracts to purchase 
Ordinary shares under this authority before the expiry of the authority 
which will or may be executed wholly or partly after the expiry of the 
authority, and may make a purchase of shares in pursuance of any such 
contract or contracts as if the authority conferred hereby had not 
expired. 
 
   10. Authority to sell treasury shares 
 
   That the Directors be empowered to sell treasury shares at the higher of 
the prevailing current share price and the price at which they were 
bought in. 
 
   For further information please contact: 
 
   Albion Capital Group LLP 
 
   Tel: 020 601 1850 
 
   29 November 2018 
 
   LEI No 213800SYIQPA3L3T1Q68 
 
 
 
 
 
 

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