AGM Statement
14 April 2010 - 6:09PM
UK Regulatory
TIDMCYS
Chrysalis VCT plc
14 April 2010
Annual General Meeting Statement
At the Annual General Meeting ("AGM") of Chrysalis VCT plc ("the Company") held
earlier today, all resolutions were passed.
The Board made the following statement:
"The Board of Chrysalis VCT has resolved that, providing that there are no
exceptional economic circumstances, the Company intends to pay annual dividends
of a minimum of 3p per share. This policy will be maintained for at least three
years, with dividends expected to be paid in two tranches each year. Based on
the current share price, this dividend represents a tax-free return of more than
5% per annum."
Details of the proxy votes in respect of the AGM resolutions which were received
by 11:30 am on 12 April 2010, being 48 hours before the time of the meeting, at
the offices of Downing Management Services are set out below:
+----------------+-----------+---------------+----------+----------+-----------+
| | For | Discretionary | Against | Withheld | |
+----------------+-----------+---------------+----------+----------+-----------+
| Resolution No. | No. of | No. of | No. of | No. of | Total |
| | Votes | Votes | Votes | Votes | Votes |
| | | | | | |
| | % | % | % | | % |
| | of votes | of votes | of votes | | of votes |
+----------------+-----------+---------------+----------+----------+-----------+
| 1 | 1,022,864 | 333,545 | - | - | 1,353,409 |
| | | | | | |
| | 75.6% | 24.4% | 0.0% | | 100.00% |
+----------------+-----------+---------------+----------+----------+-----------+
| 2 | 808,503 | 371,145 | 120,533 | 53,228 | 1,353,409 |
| | | | | | |
| | 62.2% | 28.5% | 9.3% | | 100.00% |
+----------------+-----------+---------------+----------+----------+-----------+
| 3 | 1,022,864 | 330,545 | - | - | 1,353,409 |
| | | | | | |
| | 75.6% | 24.4% | 0.0% | | 100.00% |
+----------------+-----------+---------------+----------+----------+-----------+
| 4 | 1,015,171 | 330,545 | 6,201 | 1,492 | 1,353,409 |
| | | | | | |
| | 75.0% | 24.5% | 0.5% | | 100.00% |
+----------------+-----------+---------------+----------+----------+-----------+
| 5 | 968,743 | 361,425 | 8,551 | 14,690 | 1,353,409 |
| | | | | | |
| | 72.4% | 27.0% | 0.6% | | 100.00% |
+----------------+-----------+---------------+----------+----------+-----------+
| 6 | 945,591 | 330,545 | 77,273 | - | 1,353,409 |
| | | | | | |
| | 69.9% | 24.4% | 5.7% | | 100.00% |
+----------------+-----------+---------------+----------+----------+-----------+
| 7 | 1,004,203 | 330,545 | 18,661 | - | 1,353,409 |
| | | | | | |
| | 74.2% | 24.4% | 1.4% | | 100.00% |
+----------------+-----------+---------------+----------+----------+-----------+
Copies of the resolutions passed at the AGM have been submitted to the UK
Listing Authority and will shortly be available for inspection at the UK Listing
Authority's Document Viewing Facility, which is situated at:
Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS
Telephone: 020 7066 1000
[HUG#1403745]
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