TIDMTPOA TIDMTTM TIDMTPOB TIDMTPON
RNS Number : 9749E
Triple Point VCT 2011 PLC
12 July 2021
12 July 2021
Triple Point VCT 2011 plc
(the "Company")
RESULT OF ANNUAL GENERAL MEETING
The Board of Triple Point VCT 2011 plc announces that at the
Company's Annual General Meeting held today, with the exception of
resolution 8 which failed to carry, all other resolutions were
passed by shareholders. All resolutions were voted on by way of a
poll.
The Board acknowledge that resolution 8 failed to carry due to
an insufficient number of votes cast. The Company's articles of
association required at least 25% of issued share capital to be
voted to pass the resolution. Nevertheless, the Board note that, of
the votes cast, over 98% of votes in respect of the resolution were
in favour. The Board will now consider what actions, if any, should
be taken in respect of the B Share Class assets, and provide
shareholders with an update in due course.
Resolutions 1 to 8 (inclusive) were proposed as ordinary
resolutions and resolutions 9 to 11 (inclusive) were proposed as
special resolutions. The results of the poll were as follows:
Resolution Votes % Votes % Total Total Votes
For Against votes votes Withheld*
validly cast
cast as %
of issued
share
capital
To receive
and adopt the
Annual Report
and Accounts
of the Company
for the year
ended 28 February
1 2021. 3,800,534 100.00 0 0.00 3,800,534 10.14 749,821
--------------------- ---------- ------- --------- ----- ---------- ----------- -----------
To approve
the Directors'
Remuneration
2 Report. 3,660,905 98.43 58,349 1.57 3,719,254 9.92 831,101
--------------------- ---------- ------- --------- ----- ---------- ----------- -----------
To re-elect
Jane Owen as
3 a Director. 3,723,131 99.39 22,823 0.61 3,745,954 9.99 804,401
--------------------- ---------- ------- --------- ----- ---------- ----------- -----------
To re-elect
Timothy Clarke
4 as a Director. 3,715,153 99.18 30,801 0.82 3,745,954 9.99 804,401
--------------------- ---------- ------- --------- ----- ---------- ----------- -----------
To re-elect
Chad Murrin
5 as a Director. 3,715,153 99.18 30,801 0.82 3,745,954 9.99 804,401
--------------------- ---------- ------- --------- ----- ---------- ----------- -----------
To re-appoint
BDO LLP as
Auditors of
the Company
and to authorise
the Audit Committee
to determine
the Auditor's
6 remuneration. 3,739,689 99.83 6,265 0.17 3,745,954 9.99 804,401
--------------------- ---------- ------- --------- ----- ---------- ----------- -----------
To authorise
the Directors
7 to allot shares. 3,731,461 99.47 19,699 0.53 3,751,160 10.01 799,195
--------------------- ---------- ------- --------- ----- ---------- ----------- -----------
To divest of
the remaining
B Share Class
assets with
the ultimate
intention to
wind-down and
cancel the
8 B Share Class. 4,500,981 98.91 49,374 1.09 4,550,355 12.14 0
--------------------- ---------- ------- --------- ----- ---------- ----------- -----------
To disapply
pre-emption
9 rights. 3,534,713 98.65 48,505 1.35 3,583,218 9.56 967,137
--------------------- ---------- ------- --------- ----- ---------- ----------- -----------
To authorise
the Company
to purchase
10 its own shares. 3,603,760 96.35 136,470 3.65 3,740,230 9.98 810,125
--------------------- ---------- ------- --------- ----- ---------- ----------- -----------
To authorise
the calling
of general
meetings, other
than an annual
general meeting,
on not less
than 14 clear
11 days' notice. 3,634,180 97.01 112,105 2.99 3,746,285 9.99 804,070
--------------------- ---------- ------- --------- ----- ---------- ----------- -----------
*A vote withheld is not a vote in law and is not counted in the
calculation of the votes for or against a resolution.
Every shareholder has one vote for every share held. As at 12
July 2021, the Company's issued share capital comprised of
9,777,285 A Ordinary Shares of 1p each, 6,758,795 B Ordinary Shares
of 1p each and 20,953,339 Venture Shares of 1p each. Each A
Ordinary, B Ordinary and Venture Share carries the right to one
vote at a general meeting of the Company and therefore the total
number of voting rights is 37,489,419.
The full text of all the resolutions can be found in the Notice
of Annual General Meeting dated 26 May 2021, a copy of which is
available on the Company's website at
https://www.triplepoint.co.uk/current-vcts/triple-point-vct-2011-plc/s2539/
.
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 ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment Management Tel: 020 7201 8989
LLP
(Investment Manager)
Ian McLennan
Belinda Thomas
The Company's LEI is 213800AOOAQA5XQDEA89
Further information on the Company can be found on its website
https://www.triplepoint.co.uk/current-vcts/triple-point-vct-2011-plc/s2539/
.
NOTES:
The Company is a Venture Capital Trust incorporated in July
2010. The Investment Manager is Triple Point Investment Management
LLP. The Company was established to fund small and medium sized
enterprises (SMEs). The Company launched a new share class, known
as The Venture Fund, in March 2019 which is mandated to invest in
SMEs producing products or digital services that solve challenges
faced by their larger corporate customers.
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END
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