TIDMBMD

RNS Number : 3062P

Baronsmead Second Venture Trust PLC

16 February 2021

Baronsmead Second Venture Trust Plc

("BSVT" or the "Company")

Result of Annual General Meeting

BSVT is pleased to announce that, at the Annual General Meeting held today, all resolutions were passed on a poll, including the following resolutions:

Resolution 9 (ordinary resolution): To authorise the Directors to allot shares pursuant to section 551 of the Companies Act 2006.

Resolution 10 (special resolution): To authorise the Directors to allot shares for cash pursuant to sections 570 and 573 of the Companies Act 2006 otherwise than in accordance with statutory pre-emption rights.

Resolution 11 (special resolution): To authorise the Directors to make market purchases of the Company's own shares.

Resolution 12 (special resolution): To authorise the Directors to convene a general meeting on not less than 14 clear days' notice.

The results of the poll for each resolution were as follows:

 
 Resolutions              Votes     For       Votes   Against       Votes        Total       % of 
                            For     (%)     Against       (%)    Withheld        Votes     Issued 
                                                                                            Share 
                                                                                          Capital 
                                                                                            voted 
 Resolution 
  1 
  To receive 
  and adopt 
  the accounts 
  for the 
  year ended 
  30 September 
  2020               17,170,699   99.33     115,773      0.67      63,351   17,286,472      6.31% 
                    -----------  ------  ----------  --------  ----------  -----------  --------- 
 Resolution 
  2 
  To declare 
  a final 
  dividend 
  of 3.5 pence 
  per share          17,329,633   99.94      10,553      0.06       9,637   17,340,186      6.33% 
                    -----------  ------  ----------  --------  ----------  -----------  --------- 
 Resolution 
  3 
  To approve 
  Directors' 
  Remuneration 
  Report for 
  the year 
  ended 30 
  September 
  2020               15,571,292   92.44   1,273,195      7.56     502,493   16,844,487      6.15% 
                    -----------  ------  ----------  --------  ----------  -----------  --------- 
 Resolution 
  4 
  Re-election 
  of Sarah 
  Fromson            16,741,814   98.55     246,506      1.45     361,503   16,988,320      6.20% 
                    -----------  ------  ----------  --------  ----------  -----------  --------- 
 Resolution 
  5 
  Re-election 
  of Malcolm 
  Groat              16,739,630   98.88     189,869      1.12     417,112   16,929,499      6.18% 
                    -----------  ------  ----------  --------  ----------  -----------  --------- 
 Resolution 
  6 
  to elect 
  Tim Farazmand      16,525,183   97.44     433,715      2.56     390,925   16,958,898      6.19% 
                    -----------  ------  ----------  --------  ----------  -----------  --------- 
 Resolution 
  7 
  Re-appointment 
  of KPMG 
  LLP as Auditor     16,391,843   95.60     754,904      4.40     188,172   17,146,747      6.26% 
                    -----------  ------  ----------  --------  ----------  -----------  --------- 
 Resolution 
  8 
  Authorise 
  Audit Committee 
  to determine 
  auditor 
  remuneration       16,894,095   98.31     291,044      1.69     164,684   17,185,139      6.27% 
                    -----------  ------  ----------  --------  ----------  -----------  --------- 
 Resolution 
  9 
  Authority 
  to allot 
  shares             16,979,542   98.37     280,660      1.63      75,254   17,260,202      6.30% 
                    -----------  ------  ----------  --------  ----------  -----------  --------- 
 Resolution 
  10 
  Disapplication 
  of pre-emption 
  rights             16,199,963   95.49     764,901      4.51     370,592   16,964,864      6.19% 
                    -----------  ------  ----------  --------  ----------  -----------  --------- 
 Resolution 
  11 
  Market 
  purchases 
  of own shares      17,195,700   99.46      93,849      0.54      60,274   17,289,549      6.31% 
                    -----------  ------  ----------  --------  ----------  -----------  --------- 
 Resolution 
  12 
  General 
  meeting 
  called on 
  not less 
  than 14 
  clear days' 
  notice             16,203,717   93.86   1,060,390      6.14      50,900   17,264,107      6.30% 
                    -----------  ------  ----------  --------  ----------  -----------  ---------

A copy of the full text of resolutions 11 to 12 will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

For further information please contact:

Baronsmead VCT Investor Relations

020 3875 9862

baronsmeadvcts@greshamhouse.com

LEI 2138008D3WUMF6TW8C28

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END

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February 16, 2021 12:14 ET (17:14 GMT)

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