British Smaller Companies VCT2 Plc Result of Annual General meeting (5459N)
May 09 2018 - 9:36AM
UK Regulatory
TIDMBSC
RNS Number : 5459N
British Smaller Companies VCT2 Plc
09 May 2018
BRITISH SMALLER COMPANIES VCT2 PLC
RESULT OF ANNUAL GENERAL MEETING
British Smaller Companies VCT2 plc (the "Company") announces
that at the Annual General Meeting of the Company held on 9 May
2018 the following resolutions proposed at the meeting
("Resolutions") were duly passed.
In accordance with the Company's obligations under Listing Rule
9.6.2, copies of the Resolutions passed at the Annual General
Meeting have been submitted to the National Storage Mechanism and
will shortly be available for viewing at
www.hemscott.com/nsm.do.
Ordinary resolutions
(1) That the annual report and accounts for the year ended 31 December 2017 be received.
(2) That the final dividend of 1.5 pence per ordinary share for
the year ended 31 December 2017 be approved.
(3) That the Directors' Remuneration Report for the year ended
31 December 2017 be approved other than the part of such report
containing the Directors' Remuneration Policy.
(4) That Mr P C Waller be re-elected as a director.
(5) That Mr R M Pettigrew be re-elected as a director.
(6) That Mr R Last be re-elected as a director.
(7) That BDO LLP be re-appointed as auditor to the Company to
hold office until the conclusion of the next general meeting at
which accounts are laid before the Company and that the directors
be authorised to fix their remuneration.
(8) 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 shares in the Company or to grant rights to
subscribe for or to convert any security into shares in the Company
up to an aggregate nominal amount of GBP4,000,000, during the
period commencing on the passing of this Resolution and expiring on
the later of 15 months from the passing of this Resolution or the
next Annual General Meeting of the Company (unless 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 shares in the Company to be allotted, or rights to
subscribe for or to convert any security into shares to be granted,
after such expiry and that all previous authorities given to the
directors be and they are hereby revoked, provided that such
revocation shall not have retrospective effect.
Special Resolution
(9) That the directors be and are hereby empowered in accordance
with Section 570(1) of the Act during the period commencing on the
passing of this Resolution and expiring at the conclusion of the
Company's next Annual General Meeting, or on the expiry of 15
months following the passing of this Resolution, whichever is the
later, (unless previously revoked, varied or extended by the
Company in general meeting), to allot equity securities (as defined
in Section 560 of the Act) for cash pursuant to the general
authority conferred upon the directors in Resolution 8 above as if
Section 561 of the Act did not apply to any such allotment provided
that this power is limited to the allotment of equity securities in
connection with the allotment for cash of equity securities up to
an aggregate nominal amount of GBP4,000,000, but so that this
authority shall allow the Company to make offers or agreements
before the expiry and the directors may allot securities in
pursuance of such offers or agreements as if the powers conferred
hereby had not so expired. This power applies in relation to a sale
of shares which is an allotment of equity securities by virtue of
Section 560(3) of the Act as if in the first paragraph of this
Resolution the words "pursuant to the general authority conferred
upon the directors in Resolution 8 above" were omitted.
Proxy votes received were:
% % Against Shares
Resolution For Withheld
-------------------------------------- ------- ---------- ----------
Ordinary Resolutions
-------------------------------------- ------- ---------- ----------
To receive the annual report
1. and accounts 99.7 0.3 1,018
--- --------------------------------- ------- ---------- ----------
To approve a final dividend
of 1.5 pence per ordinary
2. share 99.8 0.2 53,710
--- --------------------------------- ------- ---------- ----------
To approve the Directors'
3. Remuneration Report 94.4 5.6 511,235
--- --------------------------------- ------- ---------- ----------
To re-elect Mr P C Waller
4. as a director 97.8 2.2 67,602
--- --------------------------------- ------- ---------- ----------
To re-elect Mr R M Pettigrew
5. as a director 96.6 3.4 70,637
--- --------------------------------- ------- ---------- ----------
To re-elect Mr R Last as a
6. director 96.9 3.1 90,106
--- --------------------------------- ------- ---------- ----------
7. To re-appoint BDO LLP as auditor 97.0 3.0 59,161
--- --------------------------------- ------- ---------- ----------
To authorise the directors
8. to allot shares 99.1 0.9 50,023
--- --------------------------------- ------- ---------- ----------
Special Resolutions
-------------------------------------- ------- ---------- ----------
To waive pre-emption rights
in respect of the allotment
9. of shares 92.3 7.7 159,415
--- --------------------------------- ------- ---------- ----------
9 May 2018
For further information, please contact:
David Hall YFM Private Equity Limited Tel: 0113 244 1000
Jonathan Becher Panmure Gordon (UK) Limited Tel: 0207 866 2715
This information is provided by RNS
The company news service from the London Stock Exchange
END
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