Oxford Tech 2 VCT Result Of Meeting

 
TIDMOXH

The Board of Oxford Technology 2 VCT Plc (OT2) is pleased to announce that all of the resolutions proposed at the General Meeting held today, 20 June 2022, were duly passed on a show of hands.

Shareholders of OT2 have now passed all the resolutions to enable the Merger, the issue of Consideration Shares and Leisure Shares, as set out in the Circular dated 18 May 2022. The Board of OT2 notes that the shareholders of each of Oxford Technology VCT Plc (OT1), Oxford Technology 3 VCT Plc (OT3) and Oxford Technology 4 VCT Plc (OT4) have also today approved the resolutions to enable the merger of their companies with OT2. Provided OT1, OT3 and OT4 shareholders also approve the placing of OT1, OT3 and OT4 into Members Voluntary Liquidation at the Second General Meetings of their companies on 30 June 2022, it is expected that the Merger will complete on the same day. Admission of and dealings in Consideration Shares is expected to be 1 July 2022 when OT2 will have four separate share classes, the Ordinary Shares representing the pool of assets linked to the existing OT2 share pool, and 3 new share pools incorporating the assets and liabilities transferred from OT1, OT3 and OT4. A further announcement will be made at that time.

Proxy votes were received in respect of 1,744,361 Ordinary Shares, representing 32.7% of the issued share capital as at 16 June 2022.

The following table shows the proxy votes cast for each resolution:

 
                                                                          %age of 
                                                                           Issued 
                                                                            share 
                                                For           Against      capital  Abstain 
                                           Votes      %     Votes    %     voted 
                                                    ------          ----  --------  ------- 
ORDINARY RESOLUTIONS 
1. To approve acquisition of 
 the assets and liabilities of 
 Oxford Technology Venture Capital 
 Trust plc and to authorise the 
 directors to allot New OT1 Ordinary 
 Shares                                  1,719,361   98.6%  25,000  1.4%     32.7%        0 
2 To approve acquisition of the 
 assets and liabilities of Oxford 
 Technology 3 Venture Capital 
 Trust plc and to authorise the 
 directors to allot New OT3 Ordinary 
 Shares                                  1,719,361   98.6%  25,000  1.4%     32.7%        0 
3 To approve acquisition of the 
 assets and liabilities of Oxford 
 Technology 4 Venture Capital 
 Trust plc and to authorise the 
 directors to allot New OT4 Ordinary 
 Shares                                  1,719,361   98.6%  25,000  1.4%     32.7%        0 
4 To authorise the directors 
 to allot Leisure Shares in the 
 Company                                 1,714,361   98.6%  25,000  1.4%     32.6%    5,000 
5 To approve and adopt the amended 
 and restated investment policy          1,714,361   98.6%  25,000  1.4%     32.6%    5,000 
6 To approve the entry by the 
 Company into the revised arrangements 
 pursuant to the Amended IMA             1,670,113   98.5%  25,000  1.5%     31.8%   49,248 
7 To authorise the Company to 
 make market purchases of its 
 own Ordinary Shares                     1,739,361   99.7%   5,000  0.3%     32.7%        0 
SPECIAL RESOLUTIONS                                                           0.0% 
8 To adopt new articles of association 
 of the Company                          1,739,361  100.0%       0  0.0%     32.6%    5,000 
9 To disapply statutory pre-emption 
 rights                                  1,705,290   98.3%  29,071  1.7%     32.5%   10,000 
10 To cancel the amount standing 
 to the credit of the share premium 
 account and capital redemption 
 reserve of the Company                  1,744,361  100.0%       0  0.0%     32.7%        0 
                                                    ------          ----  --------  -------

The full text of the resolutions passed at the General Meeting can be found in the OT2 Circular which is available on the Company's website at https://www.globenewswire.com/Tracker?data=HLhmEa65J6CWs6rDnb1MS9VhnbuguMNO8Www23qH9AuYtn73O5WHPJJaSW5HgrI-dyASJEXQDK2mHaXhh9XFT17edlYu7zZj1CROhUW9QGiqYDNKIgg-OjnpbQjb9Bza https://www.oxfordtechnologyvct.com/

1. A withheld vote is not a vote in law and, accordingly, is not counted in the calculation of the proportion of votes "For" and "Against" the resolution concerned.

2. Any proxy appointments which gave discretion to the Chairman have been included in the vote "For" total.

3. The number of shares in issue (and total voting rights) at close of business on 16 June 2022 was 5,331,889 ordinary shares, carrying one vote each. Therefore, the total voting rights in the Company are 5,331,889.

A copy of the resolutions passed at the General Meeting will be submitted to the National Storage Mechanism in accordance with Listing Rules 9.6.2R and 9.6.3R, and will be available in due course for inspection at https://www.globenewswire.com/Tracker?data=HLhmEa65J6CWs6rDnb1MS_Kq6iY1uX3U4cy7lqxZqmfa1WraAwdNBmJPqRnI57AS_HcfwqIT5WT02K5cp5C2QlLCBxLUP9iAfSmZBsUyEYeHVXHb5PIFmnLYjrftH-iY9vMeKCN2OtSKtY5RxKEDVUEa3vUXm2ARzdU0AjfejDIcWKVZN30fvxenWvzceztY https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via a Regulatory Information Service, this information is now considered to be in the public domain.

Enquiries: Lucius Cary Oxford Technology Management 01865 784466

LEI: 2138002COY2EXJDHWB30

(END) Dow Jones Newswires

June 20, 2022 10:52 ET (14:52 GMT)

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