TIDMNCA

New Century AIM VCT plc

Result of 2021 Annual General Meeting

New Century AIM VCT plc announces that at the Annual General Meeting (AGM) held today at 12.00pm, Resolutions 1 to 5 and 9 as set out in the Notice of the AGM dated 25 June 2021 were passed, while Resolutions 6 to 8 were not passed. The number of votes for and against each of the resolutions, and the number of votes withheld, were as follows:

 
                           FOR                  AGAINST             WITHHELD 
Resolution                 Votes cast  %        Votes cast  %       Votes cast 
Ordinary Business 
   To receive, consider 
   and adopt the 
   financial statements 
   for the period ended 
1  28 February 2021        5,496,136   100.00%  0           0.00%   33,750 
   To declare a final 
2  dividend of 6.5 pence   5,529,886   100.00%  0           0.00%   0 
   To approve the 
   Directors' 
3  Remuneration Report     5,496,136   100.00%  0           0.00%   33,750 
   To re-elect Geoff 
4  Gamble as a director    5,492,517   100.00%  0           0.00%   37,369 
5  To re-appoint UHY       5,529,886   100.00%  0           0.00%   0 
   Hacker Young LLP as 
   auditors of the 
   company and to 
   authorise the 
   directors to agree 
   their remuneration 
Special Business 
6  To continue in being    1,642,251   29.70%   3,887,635   70.30%  0 
   as a venture capital 
   trust 
7  To authorise the        1,787,739   32.53%   3,708,397   67.47%  33,750 
   directors to allot 
   relevant securities 
8  To disapply Section     2,374,393   43.23%   3,118,124   56.77%  37,369 
   561 of the Companies 
   Act 2006** 
9  To authorise the        5,496,136   99.39%   33,750      0.61%   0 
   directors to make 
   market purchases of 
   its own shares by 
   utilising 
   distributable reserves 
   of the company**

** denotes a special resolution

The number of ordinary shares in issue as at the date of the 2021 Annual General Meeting is 7,860,937.

As Resolution 6 was not passed by the requisite majority, the Board will, as required by the Company's articles of association, convene an extraordinary general meeting within 4 months of the AGM to consider resolutions on the future of the Company.

26 August 2021

View source version on businesswire.com: https://www.businesswire.com/news/home/20210827005120/en/

 
    CONTACT:

NEW CENTURY AIM VCT PLC

 
    SOURCE: New Century AIM VCT Plc 
Copyright Business Wire 2021

(END) Dow Jones Newswires

August 27, 2021 05:28 ET (09:28 GMT)

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