TIDMAT2
RNS Number : 5398J
Amati VCT 2 plc
29 June 2017
Amati VCT 2 plc
Results of Annual General Meeting
At the Annual General Meeting of the Company held on Wednesday
28 June 2017 at 2.00pm, the following resolutions were duly
passed.
Ordinary Resolutions
1. To receive and adopt the Directors' Report and financial
statements of the Company for the
financial year ended 31 January 2017 together with the
Independent Auditor's Report thereon.
2. To approve the Directors' Annual Report on Remuneration for the financial year ended 31
January 2017.
3. To approve the Directors' Remuneration Policy.
4. To approve a final dividend of 4.25p per share payable on 21
July 2017 to shareholders on the register at 16 June 2017.
5. To re-appoint BDO LLP of 55 Baker Street, London, W1U 7EU as
auditor of the Company from the conclusion of the Meeting until the
conclusion of the next annual general meeting of the Company to be
held in 2018 at which financial statements are laid before the
Company.
6. To authorise the directors to fix the remuneration of the auditor.
7. To re-elect Julian Avery as a director of the Company.
8. To re-elect Mike Killingley as a director of the Company.
9. To re-elect Susannah Nicklin as a director of the Company.
10. That, in substitution for any existing authorities, but
without prejudice to the exercise of any such authority prior to
the date of the passing of this resolution, the Directors be and
hereby are authorised in accordance with section 551 of the
Companies Act 2006 (the "2006 Act"), as amended, to exercise all
powers of the Company to allot shares of 5p each in the capital of
the Company and to grant rights to subscribe for or to convert any
security into shares up to an aggregate nominal amount of
GBP1,250,000, provided that the authority conferred by this
resolution shall expire on the fifth anniversary of the date of the
passing of this resolution unless renewed, varied or revoked by the
Company in general meeting, save that the Company may before such
expiry make an offer or agreement which would or might require
relevant securities to be allotted after such expiry and the board
may allot relevant securities in pursuance of such an offer or
agreement as if the authority conferred hereby had not expired.
11. That the proposed amendments to the Company's Investment
Policy be approved and the revised Investment Policy as detailed in
the Annual Report and Financial Statements, a copy of which is
initialled for the purpose of identification by the Chairman of the
Annual General Meeting and produced to the Annual General Meeting,
be and is hereby approved and adopted with effect from 28 June 2017
as the Company's Investment Policy in place of its existing
Investment Policy.
Special Resolutions
12. THAT in substitution for any existing authorities, the
directors be and hereby are empowered pursuant to sections 570 and
573 of the Companies Act 2006 to allot or make offers or agreements
to allot equity securities (which expression shall have the meaning
ascribed to it in section 560 of the Act) for cash pursuant to the
authority given in accordance with section 551 of the Act by
resolution 10 above as if section 561(1) of the Act did not apply
to any such allotment, up to an aggregate nominal amount of
GBP1,250,000. The authority hereby conferred by this resolution
shall expire (unless previously renewed or revoked) on the earlier
of the date of the annual general meeting of the Company to be
held in 2018 and the date which is 15 months after the date on
which this resolution is passed.
13. THAT, in substitution for existing authorities, the Company
be and is hereby empowered to make one or more market purchases
within the meaning of Section 701 of the Act, of the Ordinary
Shares (either for cancellation or for the retention of treasury
shares for future re-issue or transfer) provided that:
(i) the maximum aggregate number of Ordinary Shares authorised
to be purchased is such number thereof being 14.99% of the issued
ordinary share capital of the Company as at the date of this
resolution;
(ii) the minimum price which may be paid per Ordinary Share is
5p per share, the nominal amount thereof;
(iii) the maximum price (exclusive of expenses) which may be
paid per Ordinary Share is an amount equal to 105% of the average
of the middle market quotation of such Ordinary Share taken from
the London Stock Exchange daily official list for the five business
days immediately preceding the day on which such Ordinary Share is
to be purchased;
(iv) the authority hereby conferred shall expire on the earlier
of the annual general meeting of the Company to be held in 2018 and
the date which is 15 months after the date on which this Resolution
is passed; and
(v) the Company may make a contract to purchase its own Ordinary Shares under the
authority conferred by this resolution prior to the expiry of
such authority which will or may be executed wholly or partly after
the expiration of such authority, and may make a purchase of such
Ordinary Shares pursuant to any such contract.
14. THAT the Company may send or supply documents or information to shareholders by
making them available on a website or other electronic
means.
Resolution For & Against Withheld
Discretionary
---- --------------------------------- --------------- -------- ---------
Directors' Report and Financial
1. Statements and Auditor's Report 1,700,835 6,539 0
---- --------------------------------- --------------- -------- ---------
2. Directors' Remuneration Report 1,653,777 35,057 18,540
---- --------------------------------- --------------- -------- ---------
3. Directors' Remuneration Policy 1,643,176 38,509 25,689
---- --------------------------------- --------------- -------- ---------
4. Final dividend of 4.25p 1,707,374 0 0
---- --------------------------------- --------------- -------- ---------
5. Re-appoint BDO LLP as auditor 1,687,517 16,743 3,114
---- --------------------------------- --------------- -------- ---------
6. Auditor remuneration 1,696,415 7,845 3,114
---- --------------------------------- --------------- -------- ---------
7. Re-elect Julian Avery 1,678,209 23,728 5,437
---- --------------------------------- --------------- -------- ---------
8. Re-elect Mike Killingley 1,689,580 12,357 5,437
---- --------------------------------- --------------- -------- ---------
9. Re-elect Susannah Nicklin 1,690,207 10,714 6,453
---- --------------------------------- --------------- -------- ---------
10. Allot shares 1,577,633 126,627 3,114
---- --------------------------------- --------------- -------- ---------
11. Amend Investment Policy 1,690,867 7,573 8,934
---- --------------------------------- --------------- -------- ---------
Authority to dispply pre-emption
12. rights 1,532,583 167,769 7,022
---- --------------------------------- --------------- -------- ---------
13. Share buyback authority 1,568,144 136,907 2,323
---- --------------------------------- --------------- -------- ---------
Documents by website or other
14. electronic means 1,534,465 108,430 64,479
---- --------------------------------- --------------- -------- ---------
For further information please contact Doreen Nic on 0131
5107465 or email
vct-enquiries@amatiglobal.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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