PRAETURA GROWTH VCT
PLC
(the "Company")
Result of Annual General
Meeting
LEI:
9845004ZDC57AB064B97
Praetura
Growth VCT plc, announces that at the Company's first Annual
General Meeting held at 2:00pm on Tuesday 23 July 2024, all
resolutions were duly unanimously passed on a show of
hands.
Resolutions
1 to 7 (inclusive) were proposed as ordinary resolutions and
resolutions 8 to 10 (inclusive) were proposed as special
resolutions.
Ordinary
Resolutions
1.
To receive and adopt the
Directors' Report and Financial Statements of the Company for the
period ended 31 January 2024.
2.
To appoint Macintyre
Hudson LLP as Auditor of the Company from the conclusion of the AGM
until the conclusion of the next AGM of the Company to be held in
2025 at which financial statements are laid before the
Company.
3.
To authorise the
Directors to fix the remuneration of the Auditor.
4.
To re-elect Sam McArthur
as a Director.
5.
To re-elect Paul
Jefferson as a Director.
6.
To re-elect Elizabeth
Scott as a Director.
7.
That the Directors be
and are hereby, generally and unconditionally, authorised under
Section 551 of the Act to exercise all the powers of the Company to
allot Ordinary Shares, or grant rights to subscribe for or convert
any security into Ordinary Shares, up to an aggregate nominal
amount of £200,000 provided that this authority shall expire at the
conclusion of the next AGM of the Company or on the expiry of 15
months from the passing of this resolution, whichever is the first
to occur (unless previously revoked, varied or extended by the
Company in general meeting), and provided that the Company may
before such expiry, make an offer or agreement that would or might
require relevant securities to be allotted after such expiry and
the Directors may allot relevant securities in pursuance of such
offer or agreements as if the authority conferred had not
expired.
Special
Resolutions
8. That,
subject to the passing of Resolution 7, the Directors be and hereby
are empowered, under Section 570(1) of the Act to allot equity
securities (as defined in section 560 of the Act) under the
authority conferred by Resolution 7 for cash as if section 561(1)
of the Act did not apply, provided that this power shall be limited
to the allotment of equity securities up to an aggregate nominal
amount of £200,000 representing approximately 583% of the issued
share capital of the Company as at 25 June 2024, being the latest
practical date prior to publication of this document; and shall
expire at the conclusion of the next AGM of the Company or on the
expiry of 15 months from the passing of this resolution, whichever
is the first to occur (unless previously revoked, varied or
extended by the Company in general meeting), save that the Company
may, before such expiry, make an offer or agreement that would or
might require equity securities to be allotted after such expiry
and the Directors may allot equity securities in pursuance of such
offer or agreement as if the power conferred hereby had not
expired.
9. That, the
Company be and is hereby authorised in accordance with section 107
of the Act to make one or more market purchases (within the meaning
of section 693(4) of the Act) of Ordinary Shares provided that: (i)
the maximum aggregate number of Ordinary Shares authorised to be
purchased shall not exceed 513,805 Ordinary Shares (representing
approximately 14.99% of the issued Ordinary Shares at 25 June 8
2024, being the latest practical date prior to publication of this
document); (ii) the minimum price which may be paid for an Ordinary
Share is their nominal value; (iii) the maximum price which may be
paid for an Ordinary Share, exclusive of expenses, is an amount
equal to the higher of (a) 105% of the average of the middle market
quotations of an Ordinary Share in the Company as derived from the
Daily Official List of the London Stock Exchange for the five
business days immediately preceding the day on which that Ordinary
Share is purchased; and (b) the amount stipulated by Article 5(6)
of the UK Market Abuse Regulation; (iv) the authority hereby
conferred shall expire at the conclusion of the next AGM of the
Company or on the expiry of 15 months from the whichever is the
first to occur (unless previously revoked, varied or extended by
the Company in general meeting), save that the Company may, before
such expiry, enter into a contract to purchase Ordinary Shares
which may be executed wholly or partly after the expire of such
authority.
10.
That a general meeting, other
than an annual general meeting, may be called on not less than 14
days' clear notice.
In
accordance with Listing Rule 9.6.2 copies of all the resolutions
passed, other than ordinary business, 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:
Sam McArthur
Praetura Ventures Limited
(Investment Manager)
sam.mcarthur@praetura.co.uk