IBIS Media VCT 1 plc Result of AGM (8699E)
July 21 2016 - 5:06AM
UK Regulatory
TIDMIBSA
RNS Number : 8699E
IBIS Media VCT 1 plc
21 July 2016
IBIS Media VCT 1 plc (the "Company")
Results of Annual General Meeting
At the Annual General Meeting of the Company held on Wednesday
20 July 2016 at 5.00pm, the following resolutions were duly
passed.
1. To receive the Directors' and the Independent Auditor's
Reports and the Company's financial statements for the year ended
31 January 2016.
2. To approve the Directors' Remuneration Report for the year ended 31 January 2016.
3. To re-elect Lucy Macdonald as a Director of the Company.
4. To re-elect Sir Robin Miller as a Director of the Company.
5. To re-elect Peter English as a Director of the Company.
6. To re-elect David Forster as a Director of the Company.
7. To re-elect Charles McIntyre as a Director of the Company.
8. To re-appoint Scott-Moncrieff as auditor of the Company to
hold office until the conclusion of the next general meeting at
which accounts are laid before the Company.
9. To authorise the Directors to fix the remuneration of the auditor.
10. (i) That the Directors 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 relevant securities (as defined in that section)
up to an aggregate nominal amount of GBP21,738 during the period
commencing on the passing of this resolution and expiring on the
earlier of the date of the annual general meeting of the Company to
be held in 2017 and the date which is 15 months after the date on
which this resolution is passed (unless the authority is previously
revoked, varied or extended by the Company in general meeting) but
so that this authority shall allow the Company to make before the
expiry of this authority offers or agreements which would or might
require relevant securities to be allotted after such expiry;
and
(ii) That all previous authorities given to the Directors in
accordance with section 551 of the Act be and they are hereby
revoked, provided that such revocation shall not have retrospective
effect.
Special Resolutions
11. The Directors be and are hereby empowered pursuant to
Section 570 and 573 of the Act to allot or make offers or
agreements to allot equity securities as defined in Section 560 of
the Act for cash pursuant to the authority given pursuant to
Resolution 10 set out in this notice of Annual General Meeting as
if section 561(1) of the Act did not apply to such allotment
provided that this power shall expire on the date falling 15 months
after the date of the passing of this resolution and provided
further that this power shall be limited to the allotment and issue
of equity securities in connection with:
(i) the allotment of equity securities with an aggregate nominal
value of up to but not exceeding 10% of the issued ordinary share
capital where the proceeds of the allotment are to be used in whole
or in part to purchase the Company's Ordinary Shares, and
(ii) the allotment of equity securities from time to time with
an aggregate nominal value of up to but not exceeding 5% of the
issued Ordinary Share capital of the Company.
12. That the Company be and is hereby generally and
unconditionally authorised within the meaning of Section 693(4) of
the Act of ordinary shares of 1p each in the capital of the Company
("Ordinary Shares") provided that:
(i) The maximum aggregate number of Ordinary Shares hereby
authorised to be purchased is an amount equal to 14.99% of the
issued ordinary share capital of the Company from time to time;
(ii) The minimum price which may be paid for an Ordinary Share
is 1p per share, the nominal amount thereof;
(iii) The maximum price which may be paid for an Ordinary Share
is an amount equal to 105% of the average of the middle market
prices shown in the quotations for an ordinary share in The London
Stock Exchange Daily Official List for the five business days
immediately preceding the day on which that ordinary share is
purchased;
(iv) The authority hereby conferred shall (unless previously
renewed or revoked) expire on the earlier of the annual general
meeting of the Company to be held in 2017 and the date which is 15
months after the date on which this resolution is passed; and
(v) The Company may make a contract or contracts to purchase its
own Ordinary Shares under this authority before the expiry of the
authority which will or may be executed wholly or partly after the
expiry of the authority, and may make a purchase of its own
Ordinary Shares in pursuance of any such contract or contracts as
if the authority conferred hereby had not expired.
21 July 2016
For further information, please contact:
-- Henry Chamberlain, IBIS Private Equity Partners LLP 020 7070 7080
-- Robin Smeaton, City Partnership, Company Secretary 0131 243 7210
Details of the proxy votes cast in respect of the resolutions
passed at the Annual General Meeting are set out below:
For Against Withheld
No. of No. of votes No. of votes
votes
------------ ------- ------------- -------------
Resolution 39,406 nil nil
1
Resolution
2 24,856 14,550 nil
Resolution nil 39,406 nil
3
Resolution nil 39,406 nil
4
Resolution nil 39,406 nil
5
Resolution nil 39,406 nil
6
Resolution nil 39,406 nil
7
Resolution
8 14,550 nil 24,856
Resolution
9 14,550 nil 24,856
Resolution
10 14,550 nil 24,856
Resolution
11 14,550 nil 24,856
Resolution
12 14,550 nil 24,856
------------ ------- ------------- -------------
This information is provided by RNS
The company news service from the London Stock Exchange
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