TIDMAMAT
RNS Number : 6262D
Amati AIM VCT PLC
27 June 2019
Amati AIM VCT plc
Results of Annual General Meeting
At the Annual General Meeting of the Company held on Wednesday
26 June 2019 at 2.00pm, the following resolutions were duly
passed.
Ordinary Resolutions
1. To receive and adopt the Directors' Report and Financial
Statements of the Company for the financial year ended 31 January
2019 together with the Independent Auditor's Report thereon.
2. To approve the Directors' Annual Report on Remuneration for the financial year ended 31
January 2019.
3. To approve a final dividend of 4.0p per share payable on 26
July 2019 to shareholders on the
register at 21 June 2019.
4. To re-appoint BDO LLP of 55 Baker Street, London, W1U 7EU as
auditor of the Company from the conclusion of the Meeting until the
conclusion of the next annual general meeting of the Company to be
held in 2020 at which financial statements are laid before the
Company.
5. To authorise the directors to fix the remuneration of the auditor.
6. To re-elect Peter Lawrence as a director of the Company.
7. To re-elect Susannah Nicklin as a director of the Company.
8. To re-elect Julia Henderson as a director of the Company.
9. To re-elect Brian Scouler as a director of the Company.
10. THAT, in substitution for all subsisting authorities to the
extent unused, the directors of the Company be and are hereby
generally and unconditionally authorised in accordance with section
551 of the Companies Act 2006 (the "Act"), to exercise all the
powers of the Company to allot and issue Ordinary Shares in the
Company and to grant rights to subscribe for or to convert any
security into shares in the Company ("Rights") up to an aggregate
nominal value of GBP1,500,000, provided that:
(i) the authority hereby conferred by this Resolution shall
expire (unless previously renewed or revoked) on the earlier of the
date of the annual general meeting of the Company to be held in
2020 and the date which is 15 months after the date on which this
Resolution is passed;
(ii) the directors may make an offer or agreement which would or
might require Ordinary Shares to be allotted, or the Rights are
granted, after the authorisation had expired; and
(iii) the directors may allot Ordinary Shares, or grant Rights,
under the authority conferred by this Resolution after
authorisation has expired if the Ordinary Shares are allotted, or
the Rights are granted, in pursuance of an offer or agreement made
by the Company before the authorisation expired.
Special Resolutions
11. THAT, subject to the passing of Resolution 10 set out in the
Notice of this Meeting and in substitution for any existing
authorities, the directors be and hereby are empowered pursuant to
sections 570 and 573 of the Act to allot or make offers or
agreements to allot equity securities (which expression shall have
the meaning ascribed to it in section 560 of the Act) for cash
pursuant to the authority given in Resolution 10 set out in the
Notice to this Meeting, or by way of sale of treasury shares, as if
section 561(1) of the Act did not apply to any such allotment (that
is, that the directors' authority to disapply pre-emption rights is
renewed), up to an aggregate nominal amount of GBP1,500,000. The
authority hereby conferred by this Resolution shall expire (unless
previously renewed or revoked) on the earlier of the date of the
annual general meeting of the Company to be held in 2020 and the
date which is 15 months after the date on which this Resolution is
passed.
12. THAT, in substitution for existing authorities, the Company
be and is hereby empowered to make one or more market purchases
within the meaning of Section 701 of the Act, of the Ordinary
Shares (either for cancellation or for the retention of treasury
shares for future re-issue or transfer) provided that:
(i) the maximum aggregate number of Ordinary Shares authorised
to be purchased is such number thereof being 14.99% of the issued
ordinary share capital of the Company as at the date of this
resolution;
(ii) the minimum price which may be paid per Ordinary Share is
5p per share, the nominal amount thereof;
(iii) the maximum price (exclusive of expenses) which may be
paid per Ordinary Share is an amount equal to 105% of the average
of the middle market quotation of such Ordinary Share taken from
the London Stock Exchange Daily Official List for the five business
days immediately preceding the day on which such Ordinary Share is
to be purchased;
(iv) the authority hereby conferred shall expire on the earlier
of the annual general meeting of the Company to be held in 2020 and
the date which is 15 months after the date on which this Resolution
is passed; and
(v) the Company may make a contract to purchase its own Ordinary
Shares under the authority conferred by this Resolution prior to
the expiry of such authority which will or may be executed wholly
or partly after the expiration of such authority, and may make a
purchase of such Ordinary Shares pursuant to any such contract.
Resolution For & Discretionary Against Withheld
Directors' Report and Financial Statements
1. and Auditor's Report 2,605,002 225,710 16,425
------------------------------------------- -------------------- -------- ---------
2. Directors' Remuneration Report 2,241,496 483,670 121,971
------------------------------------------- -------------------- -------- ---------
3. Approve dividend 2,615,677 231,460 0
------------------------------------------- -------------------- -------- ---------
4. Re-appoint BDO LLP as auditor 2,560,551 286,586 0
------------------------------------------- -------------------- -------- ---------
5. Auditor remuneration 2,592,569 231,242 23,326
------------------------------------------- -------------------- -------- ---------
6. Re-elect Peter Lawrence 2,490,642 320,311 36,184
------------------------------------------- -------------------- -------- ---------
7. Re-elect Susannah Nicklin 2,527,710 277,104 42,323
------------------------------------------- -------------------- -------- ---------
8. Re-elect Julia Henderson 2,531,268 266,137 49,732
------------------------------------------- -------------------- -------- ---------
9. Re-elect Brian Scouler 2,504,433 296,612 46,092
------------------------------------------- -------------------- -------- ---------
10. Allot shares 2,569,295 246,324 31,518
------------------------------------------- -------------------- -------- ---------
11. Authority to dispply pre-emption rights 2,408,586 416,772 21,779
------------------------------------------- -------------------- -------- ---------
12. Share buyback authority 2,471,986 346,625 28,526
------------------------------------------- -------------------- -------- ---------
For further information please contact Doreen Nic on 0131
2437215 or email info@amatiglobal.com.
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END
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