TIDMBFSP
RNS Number : 1707O
Blackfinch Spring VCT PLC
08 June 2022
Blackfinch Spring VCT plc (the "Company")
Results of Annual General Meeting (the "Meeting")
At the Annual General Meeting of the Company held on Wednesday 8
June 2022 at 10.00am, 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
December 2021 together with the Independent Auditor's Report
thereon.
2. To approve the Directors' Remuneration Report for the year
ended 31 December 2021 other than the part of such
Report containing the Directors' Remuneration Policy.
3. To appoint BDO LLP as the 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 2023 at
which financial statements are laid before the
Company.
4. To authorise the directors to fix the remuneration of the auditor.
5. To re-elect Kate Jones as a director of the Company in accordance with the Articles of
Association.
6. To re-elect Reuben Wilcock as a director of the Company in
accordance with the Articles of
Association and the Listing Rules.
7. THAT, 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 of the
powers of the Company to allot shares in the Company or to grant
rights to subscribe for or to convert any security into shares in
the Company ("Rights") up to an aggregate nominal value of
GBP400,000, representing approximately 272% of the issued share
capital of the Company as at 1 April 2022, being the latest
practical date prior to publication of this document, provided that
the authority conferred by this Resolution 7 shall expire at the
conclusion of the Company's next annual general meeting or on the
expiry of fifteen months following the passing of this Resolution
7, whichever is the later (unless previously renewed, varied or
revoked by the Company in general meeting).
Special Resolutions
8. That, the Directors be and hereby are empowered pursuant to
Section 570(1) of CA 2006 to allot or make offers or agreements to
allot equity securities (which expression shall have the meaning
ascribed to it in Section 560(1) of CA 2006) for cash pursuant to
the authority given in accordance with Section 551 of CA 2006 by
Resolution 7 above as if Section 561(1) of CA 2006 did not apply to
such allotments, provided that the power provided by this
Resolution 8 shall expire at the conclusion of the Company's next
annual general meeting or on the expiry of fifteen months following
the passing of this Resolution 8, whichever is the later (unless
previously renewed, varied or revoked by the Company in general
meeting).
9. That, the Company be and is hereby authorised to make one or
more market purchases (within the meaning of section 693(4) of the
CA 2006) of Ordinary Shares provided that:
9.1 the maximum aggregate number of Ordinary Shares authorised
to be purchased is an
amount equal to 14.99% of the issued Ordinary Shares;
9.2 the minimum price which may be paid for an Ordinary Share is
their nominal value;
9.3 the maximum price which may be paid for an Ordinary Share is
an amount equal to the
higher of (i) 105% of the average of the middle market quotation
per 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; and (ii) the amount
stipulated by the UK version of Article 5(6) of Market Abuse
Regulation
(596/2014/EU); and
9.4 unless renewed, the authority hereby conferred shall expire
either at the conclusion of
the annual general meeting of the Company following the passing
of this Resolution 9
or on the expiry of fifteen months from the passing of this
Resolution 9, whichever is
the later, save that the Company may, prior to such expiry,
enter into a contract to
purchase Ordinary Shares which will or may be completed or
executed wholly or partly
after such expiry.
Resolution For & Discretionary Against Withheld
Directors' Report and Financial Statements
1. and Auditor's Report 22,616 0 0
------------------------------------------- -------------------- -------- ---------
2. Directors' Remuneration Report 22,616 0 0
------------------------------------------- -------------------- -------- ---------
3. Re-appoint BDO LLP as auditor 22,616 0 0
------------------------------------------- -------------------- -------- ---------
4. Auditor remuneration 22,616 0 0
------------------------------------------- -------------------- -------- ---------
5. Re-elect Kate Jones 22,616 0 0
------------------------------------------- -------------------- -------- ---------
6. Re-elect Reuben Wilcock 22,616 0 0
------------------------------------------- -------------------- -------- ---------
7. Allot shares 22,616 0 0
------------------------------------------- -------------------- -------- ---------
8. Authority to disapply pre-emption rights 22,616 0 0
------------------------------------------- -------------------- -------- ---------
9. Share buyback authority 22,616 0 0
------------------------------------------- -------------------- -------- ---------
For further information please contact:
Blackfinch Investments Limited (Investment Manager) - 01452
717070
The City Partnership (UK) Limited (Company Secretary) -
enquiries@city.uk.com - Robin Smeaton
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