DPV1 Downing Pro I

 
TIDMDPV1 
 
Downing Protected VCT I plc 
8 December 2009 
AGM Statement 
 
At the Annual  General Meeting of  Downing Protected VCT  I plc  held 
earlier today, Resolutions 1 to 8  were passed unanimously on a  show 
of hands. 
 
A poll was  called in respect  of Resolution 9,  which was a  special 
resolution seeking authority for the Company to make market purchases 
of its  own shares.   The  resolution was  defeated  on the  poll  as 
follows: 
 
 
                   For        Against 
Resolution No. No. of Votes No. of Votes Total Votes 
                % of votes   % of votes  % of votes 
      9          171,000       76,000      247,000 
                  69.2%        30.8%       100.00% 
 
 
The Board noted that  only approximately 3% of  shares in issue  were 
voted at the AGM on Resolution 9. The Board will consider the  matter 
and intends to communicate with  Shareholders in this respect in  due 
course. 
 
Following adoption of  the Company's new  Articles of Association  at 
the AGM, the Board resolved to exercise the power within the Articles 
to change the Company's name to "Downing Absolute Income VCT 1 plc". 
It is expected that this name change will be effected shortly. 
 
Details of the proxy  votes in respect of  the resolutions passed  at 
the Annual General Meeting received as at 11am on 4 December 2009, 48 
hours before the time of the meeting (excluding weekends), at Downing 
Management Services are set out below: 
 
 
                 For     Discretionary  Against   Withheld 
 Resolution     No. of   No. of Votes   No. of     No. of     Total 
     No.        Votes                    Votes     Votes      Votes 
              % of votes  % of votes     % of                 % of 
                                         votes                votes 
      1        187,000         -           -         -       187,000 
               100.00%       0.00%       0.00%               100.00% 
      2        187,000         -           -         -       187,000 
               100.00%       0.00%       0.00%               100.00% 
      3        101,000         -        76,000     10,000    187,000 
                57.06%       0.00%      42.94%               100.00% 
      4        177,000         -           -       10,000    187,000 
               100.00%       0.00%       0.00%               100.00% 
      5        111,000         -        76,000       -       187,000 
                59.36%       0.00%      40.64%               100.00% 
      6        111,000         -        76,000       -       187,000 
                59.36%       0.00%      40.64%               100.00% 
      7        182,000       5,000         -         -       187,000 
                97.33%       2.67%       0.00%               100.00% 
      8        182,000         -         5,000       -       187,000 
                97.33%       0.00%       2.67%               100.00% 
      9        106,000       5,000      76,000       -       187,000 
                56.68%       2.67%      40.64%               100.00% 
 
 
A copy of the resolutions passed will be submitted to the UK  Listing 
Authority and  will shortly  be available  for inspection  at the  UK 
Listing Authority's Document Viewing Facility, which is situated at: 
 
Financial Services Authority 
25 The North Colonnade 
Canary Wharf 
London 
E14 5HS 
 
Telephone: 020 7066 1000 
 
=--END OF MESSAGE--- 
 
 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement. 
 

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