TIDMAMAT
RNS Number : 1717P
Amati AIM VCT PLC
05 June 2020
Amati AIM VCT plc
Results of Annual General Meeting
At the Annual General Meeting of the Company held on Friday 5
June 2020 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
2020 together with the Independent Auditor's Report thereon.
2. To approve the Directors' Remuneration Policy.
3. To approve the Directors' Remuneration Report for the
financial year ended 31 January 2020.
4. To re-appoint BDO LLP of 150 Aldersgate Street, London, EC1A
4AB 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 2021 at which financial statements are laid
before the Company.
5. To authorise the directors to fix the remuneration of the auditor.
6. To re-elect Peter Lawrence as a director of the Company.
7. To re-elect Susannah Nicklin as a director of the Company.
8. To re-elect Julia Henderson as a director of the Company.
9. To re-elect Brian Scouler as a director of the Company.
10. THAT, in substitution for all subsisting authorities to the
extent unused, the directors of the Company 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 and issue Ordinary Shares in the
Company and to grant rights to subscribe for or to convert any
security into shares in the Company ("Rights") up to an aggregate
nominal value of GBP1,500,000, provided that:
(i) 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
2021 and the date which is 15 months after the date on which this
Resolution is passed;
(ii) the directors may make an offer or agreement which would or
might require Ordinary Shares to be allotted, or the Rights are
granted, after the authorisation had expired; and
(iii) the directors may allot Ordinary Shares, or grant Rights,
under the authority conferred by this Resolution after
authorisation has expired if the Ordinary Shares are allotted, or
the Rights are granted, in pursuance of an offer or agreement made
by the Company before the authorisation expired.
Special business
Ordinary Resolution
11. THAT, in accordance with Article 174 of the articles of
association of the Company, the continuation of the Company as a
venture capital trust be approved.
Special Resolutions
12. THAT, subject to the passing of Resolution 10 set out in the
Notice of this Meeting and in substitution for any existing
authorities, the directors be and hereby are empowered pursuant to
sections 570 and 573 of the Act 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 Resolution 10 set out in the
Notice to this Meeting, or by way of sale of treasury shares, as if
section 561(1) of the Act did not apply to any such allotment (that
is, that the directors' authority to disapply pre-emption rights
is
renewed), up to an aggregate nominal amount of GBP1,500,000. 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 2021 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 per cent. 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 5
pence 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 per cent. 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 2021 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.
Resolution For & Discretionary Against Withheld
Directors' Report and Financial Statements
1. and Auditor's Report 7,413,505 14,336 25,927
------------------------------------------- -------------------- -------- ---------
2. Directors' Remuneration Policy 7,019,192 202,879 231,697
------------------------------------------- -------------------- -------- ---------
3. Directors' Remuneration Report 6,958,198 230,176 265,394
------------------------------------------- -------------------- -------- ---------
4. Re-appoint BDO LLP as auditor 7,176,647 96,173 180,948
------------------------------------------- -------------------- -------- ---------
5. Auditor remuneration 7,351,466 37,254 65,048
------------------------------------------- -------------------- -------- ---------
6. Re-elect Peter Lawrence 7,208,127 84,006 161,635
------------------------------------------- -------------------- -------- ---------
7. Re-elect Susannah Nicklin 7,270,618 40,572 142,578
------------------------------------------- -------------------- -------- ---------
8. Re-elect Julia Henderson 7,244,983 66,794 141,991
------------------------------------------- -------------------- -------- ---------
9. Re-elect Brian Scouler 7,244,306 50,881 158,581
------------------------------------------- -------------------- -------- ---------
10. Allot shares 7,315,601 43,492 94,675
------------------------------------------- -------------------- -------- ---------
11. Continuation of Company 7,410,955 32,501 10,312
------------------------------------------- -------------------- -------- ---------
Authority to disapply pre-emption
12. rights 7,110,641 264,156 78,971
------------------------------------------- -------------------- -------- ---------
13. Share buyback authority 7,231,188 175,700 53,267
------------------------------------------- -------------------- -------- ---------
The Company intimated in its Notice of AGM dated 7 May 2020 that
its manager Amati Global Investors Limited (the "Manager") would be
making available a portfolio update from the Manager to
shareholders along with interviews from a selection of the
Company's portfolio holdings. The Company is pleased to announce
that the presentations from the Manager along with interviews with
six of the Company's portfolio investments are now available to
view online on the Manager's website at
http://www.amatiglobal.com/videos.php?id=18 , along with an update
on the Amati Guildhall Creative Entrepreneurs' Award.
For further information please email info@amatiglobal.com.
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END
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