Calculus VCT PLC Result of AGM (3181F)
July 26 2016 - 12:18PM
UK Regulatory
TIDMCLC
RNS Number : 3181F
Calculus VCT PLC
26 July 2016
CALCULUS VCT PLC
Results of Annual General meeting
The Company is pleased to announce that at the Annual General
Meeting held today, all resolutions were passed on a show of hands
including the following special resolutions 8 to 10.
8. THAT, in addition to all other existing authorities, the
directors be and are generally and unconditionally authorised in
accordance with section 570 of the Companies Act 2016 (the Act) to
allot equity securities (within the meaning of section 560 of the
Act) for cash pursuant to the authority conferred by Resolution 7
as if section 561(1) of the Act did not apply to any such
allotment, provided that this power shall expire on the conclusion
of the annual general meeting of the Company to be held in
2017.
9. THAT, in substitution for existing authorities, the Company
be and hereby is empowered to make one or more market purchases
within the meaning of section 693(4) of the Act of its own shares
(either for cancellation or for the retention as treasury shares
for future re-issue or transfer) provided that:
(a) the aggregate number of ordinary shares and/or C shares
and/or D shares which may be purchased shall not exceed 710,205,
289,471 or 271,631 respectively or, if lower, such number of shares
of the relevant class as shall equal 14.99 per cent of the issued
share capital of that class;
(b) the minimum price which may be paid per share is 1p, the nominal value thereof;
(c) the maximum price which may be paid per share is an amount
equal to the higher of (a) 105 per cent of the average of the
middle market quotation per share (of the relevant class) taken
from the London Stock Exchange daily official list for the five
business days immediately preceding the day on which such share is
to be purchased; and (b) the amount stipulated by Article 5(1) of
the Buy Back and Stabilisation Regulation 2003;
(d) the authority conferred by this resolution shall expire on
the conclusion of the annual general meeting of the Company to be
held in 2017, unless such authority is renewed prior to such time;
and
(e) the Company may make a contract to purchase 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 shares
pursuant to such contract.
10. THAT the Company be and is hereby generally and
unconditionally authorised to hold general meetings (other than
annual general meetings) on 14 clear days' notice.
The proxy votes received on each resolution were as follows
At Chairman's
Resolution In Favour Against discretion Withheld
1 679,648 - 4,900 7,000
2 679,648 - 4,900 7,000
3 686,648 - 4,900 -
4 686,648 - 4,900 -
5 686,648 - 4,900 -
6 686,648 - 4,900 -
7 679,648 - 4,900 7,000
8 679,648 7,000 4,900 -
9 676,798 9,850 4,900 -
10 679,648 7,000 4,900 -
This information is provided by RNS
The company news service from the London Stock Exchange
END
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