AMAT Amati Aim Vct Plc

TIDMAMAT

RNS Number : 4006B

Amati AIM VCT PLC

10 June 2021

Amati AIM VCT plc (the "Company")

Results of Annual General Meeting

At the Annual General Meeting of the Company held on Wednesday 9 June 2021 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 2021 together with the Independent Auditor's Report thereon.

   2.         To approve the Directors' Remuneration Policy. 

3. To approve the Directors' Annual Report on Remuneration for the financial year ended 31 January 2021.

4. To approve a final dividend of 7p per share payable on 23 July 2021 to shareholders on the register as at 18 June 2021.

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 2022 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 Peter Lawrence as a director of the Company. 
   8.         To re-elect Susannah Nicklin as a director of the Company. 
   9.         To re-elect Julia Henderson as a director of the Company. 
   10.       To re-elect Brian Scouler as a director of the Company. 
   11.        THAT, pursuant to article 157 of the Company's Articles of Association, the directors be 

authorised to offer holders of shares in the Company the right to receive shares, credited as

fully paid, instead of cash in respect of the whole (or some part as may be determined by

the directors from time to time) of any dividend declared in the period commencing on the

date of the passing of this Resolution 11 and ending on the fifth anniversary of the passing

of this Resolution 11 pursuant to the Company's Dividend Re-investment Scheme.

12. 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 2022 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 to be 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 - Special Resolutions

13. THAT, subject to the passing of Resolution 12 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 12 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 2022 and the date which is 15 months after the date on which this Resolution is passed.

14. 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 2022 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.

   15.        THAT, the Articles of Association produced to the Meeting and signed by the chairman of 

the Meeting for the purposes of identification be approved and adopted as the Articles of

Association of the Company in substitution for, and to the exclusion of, the existing Articles

of Association with effect from the conclusion of the Meeting.

 
       Resolution                                   For & Discretionary   Against   Withheld 
       Directors' Report and Financial Statements 
  1.    and Auditor's Report                                  5,884,836     1,943     15,954 
      -------------------------------------------  --------------------  --------  --------- 
  2.   Directors' Remuneration Policy                         5,724,114    91,873     86,746 
      -------------------------------------------  --------------------  --------  --------- 
  3.   Directors' Remuneration Report                         5,748,046    84,066     70,621 
      -------------------------------------------  --------------------  --------  --------- 
  4.   Final dividend                                         5,884,836     1,943     15,954 
      -------------------------------------------  --------------------  --------  --------- 
  5.   Re-appoint BDO LLP as auditor                          5,607,138    97,642    197,953 
      -------------------------------------------  --------------------  --------  --------- 
  6.   Auditor remuneration                                   5,869,317     8,717     24,699 
      -------------------------------------------  --------------------  --------  --------- 
  7.   Re-elect Peter Lawrence                                5,812,826    65,730     24,177 
      -------------------------------------------  --------------------  --------  --------- 
  8.   Re-elect Susannah Nicklin                              5,847,808    15,375     39,550 
      -------------------------------------------  --------------------  --------  --------- 
  9.   Re-elect Julia Henderson                               5,844,721    11,454     46,558 
      -------------------------------------------  --------------------  --------  --------- 
 10.   Re-elect Brian Scouler                                 5,816,152    43,931     42,650 
      -------------------------------------------  --------------------  --------  --------- 
 11.   DRIS                                                   5,846,887    36,413     19,433 
      -------------------------------------------  --------------------  --------  --------- 
 12.   Allot shares                                           5,851,597    26,661     24,475 
      -------------------------------------------  --------------------  --------  --------- 
 13.   Authority to disapply pre-emption rights               5,684,476   178,454     39,803 
      -------------------------------------------  --------------------  --------  --------- 
 14.   Share buyback authority                                5,723,420   157,164     22,149 
      -------------------------------------------  --------------------  --------  --------- 
 15.   Articles of Association                                5,789,427    71,209     42,097 
      -------------------------------------------  --------------------  --------  --------- 
 

For further information please email info@amatiglobal.com

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June 10, 2021 02:00 ET (06:00 GMT)