TIDMNCA2
Dear Shareholder
I have pleasure in sending notice of this year's Annual General
Meeting for shareholders of New Century AIM VCT 2 Plc, which will
be held at Honourable Artillery Company, Armoury House, City Road,
London EC1Y 2BQ on Thursday 29 June 2023 at 12.00 p.m.
The business to be considered at the Annual General Meeting
(AGM) is detailed in this document along with explanatory notes for
each of the resolutions in this notice.
I would urge all shareholders who are able to do so to attend
the AGM, details of which are enclosed, as at the meeting,
questions will be welcomed and answered to the best of the Board's
ability. Would shareholders who wish to attend the AGM please
contact the Company Secretary by email in advance at
CompanySecretarial@uk.tricorglobal.com so we can make proper
arrangements.
Shareholders are urged to register their proxy votes
electronically or by return of both Forms of Proxy which have been
sent to shareholders who have opted to receive copies by post.
Please return your forms as soon as possible and in any event prior
to 12.00 p.m. on Tuesday 27 June 2023. If you hold your shares
through a nominee service, please contact the nominee service
provider regarding the process for appointing a proxy.
The Board appreciates that beyond voting on the formal business
of the meeting, the AGM also serves as a forum for shareholders to
raise questions and comments to the Board. Should shareholders wish
to ask the Board any questions prior to the AGM, we request that
they do so by email to: CompanySecretarial@uk.tricorglobal.com.
The proposed final dividend of 2.5p per share, if approved by
shareholders at the AGM, will be paid on the 21(st) July 2023. The
associated ex-dividend date will be the 6(th) July 2023 and the
record date will be the 7(th) July 2023.
The voting results of all resolutions put before the AGM will be
announced as soon as possible following the AGM.
I would urge shareholders to vote in favour of all resolutions
and thank you for your continued support.
Yours sincerely
Geoff Gamble
Chairman
30 May 2023
Notice of Annual General Meeting
Notice is hereby given that the sixteenth annual general meeting
of New Century AIM VCT 2 PLC will be held at Honourable Artillery
Company, Armoury House, City Road, London EC1Y 2BQ on Thursday 29
June 2023 at 12.00 p.m. for the following purposes:
ORDINARY BUSINESS
1. To receive and adopt the financial statements for the year ended 31
December 2022 and the directors' and auditors' reports thereon.
2. To declare a final dividend of 2.5 pence per share, such dividend to be
payable to shareholders appearing on the company's share register on
Friday 7th July 2023 and for the final dividend to be paid to
shareholders on Friday 21st July 2023.
3. To approve the Directors' Remuneration Report.
4. To re-elect Simon Like as a director.
5. To re-appoint the auditors, Moore Kingston Smith, who were appointed by
the Board to fill a casual vacancy, to hold office until the conclusion
of the next general meeting at which the accounts are laid before the
members and to authorise directors to agree their remuneration".
SPECIAL BUSINESS
To consider and if thought fit, pass Resolution 6 as an Ordinary
Resolution and Resolutions 7 and 8 as Special Resolutions:-
Resolutions 6 to 8 seek renewal of the empowerment of the
company to make allotments and purchases of equity securities, as
such permissions lapse at the conclusion of this Annual General
Meeting.
Such permissions, passed at General Meeting, would allow the
directors to make offers for cash up to a maximum nominal amount of
GBP253,382, if it is deemed that this is in the best interests of
the company and its shareholders, without the need to hold a
further General Meeting.
6. AUTHORITY TO ALLOT RELEVANT SECURITIES
THAT the directors be generally and unconditionally authorised
in accordance with Section 551 of the Companies Act 2006 ('the
Act') to allot shares up to a maximum nominal amount of GBP253,382
(representing 50% of the ordinary share capital in issue at today's
date), this authority to expire at the later of the conclusion of
the company's annual general meeting next following the passing of
this resolution and the expiry of 15 months from the passing of the
relevant resolution (unless previously revoked, varied or extended
by the company in general meeting but so that such authority allows
the company to make Offers or agreements before the expiry thereof
which would or might require relevant securities to be allotted
after the expiry of such authority).
7. EMPOWERMENT TO MAKE ALLOTMENTS OF EQUITY SECURITIES
To empower the directors pursuant to Section 571(1) of the Act
to allot or make offers or agreements to allot equity securities
(as defined in Section 560(1) of the Act) for cash pursuant to the
authority referred to in resolution 6 as if Section 561(1) of the
Act did not apply to any such allotments and so that:
1. reference to allotment in this Resolution shall be construed in
accordance with Section 560 (1) of the said Act; and
2. the power conferred by this Resolution shall enable the company to make
any offer or agreement before the expiry of the said power which would or
might require equity securities to be allotted after the expiry of the
said power and the Directors may allot equity securities in pursuance of
such offer or agreement notwithstanding the expiry of such power;
and this power, unless previously varied, revoked or renewed,
shall come to an end at the conclusion of the annual general
meeting of the company next following the passing of this
Resolution or, if earlier, on the expiry of 15 months from the
passing of this resolution.
8. AUTHORITY TO MAKE MARKET PURCHASES
THAT the company be and is hereby generally and unconditionally
authorised to make market purchases (within the meaning of Section
693(4) of the Act) of ordinary shares of 10p each in the company
("ordinary shares") provided that:
a. the maximum number of ordinary shares so authorised to be
purchased shall not exceed 14.99% of the present issued Ordinary
share capital of the company;
b. the minimum price which may be paid for an ordinary share
shall be 10p;
c. the maximum price, exclusive of expenses, which may be paid
for an ordinary share is an amount equal to 95 per cent of the last
published Net Asset Value per share of the company; the authority
conferred comes to an end at the conclusion of the next annual
general meeting of the company or upon the expiry of 15 months from
the passing of this resolution, whichever is later; and
d. the company may enter into a contract to purchase its
ordinary shares under this authority prior to the expiry of this
authority which would or might be completed wholly or partly after
the expiry of this authority.
By Order of the Board
Registered Office:
4(th) Floor, 50 Mark Lane
London EC3R 7QR
Monica Peters (FCG)
(for Tricor Secretaries Limited)
Company Secretary
30(th) May 2023
NOTES
1. A member entitled to attend and vote at the annual general meeting may
appoint one or more proxies to attend and vote in his/her stead. A proxy
need not be a member.
2. A form of proxy is enclosed which, to be effective, must be completed
and delivered to the registrars of the company, Neville Registrars
Limited, Neville House, Steelpark Road, Halesowen B62 8HD so as to be
received by no later than 48 hours before the time the annual general
meeting is scheduled to begin. The completion and return of the form of
proxy will not affect the right of a member to attend and vote at the
annual general meeting.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20230608005680/en/
CONTACT:
New Cent. Aim Vct 2
SOURCE: New Cent. Aim Vct 2
Copyright Business Wire 2023
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June 09, 2023 02:00 ET (06:00 GMT)
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