Ventus 2 VCT PLC Result of AGM (7285N)

TIDMVEN2

RNS Number : 7285N

Ventus 2 VCT PLC

30 July 2014

Ventus 2 VCT plc

Results of AGM

At the Annual General Meeting of Ventus 2 VCT plc (the "Company") duly convened and held at the offices of Howard Kennedy LLP, 19 Cavendish Square, London W1A 2AW at 12.30pm on 29 July 2014 the following resolutions were duly passed as ordinary and special resolutions respectively:

Ordinary Resolutions

1. To receive the Company's audited Annual Report and Financial Statements for the year ended 28 February 2014.

2. To declare a final dividend of 1.75p per ordinary share and 2.50p per "C" share in respect of the year ended 28 February 2014.

   3.         To approve the Directors' Remuneration Policy. 
   4.         To approve the Directors' Remuneration Report for the year ended 28 February 2014. 
   5.         To re-elect Mr Paul Thomas as a Director of the Company. 
   6.         To re-elect Mr Colin Wood as a Director of the Company.

7. To re-appoint BDO LLP as Auditor of the Company to hold office until the conclusion of the next general meeting at which accounts are laid before the Company.

   8.         To authorise the Directors to determine the remuneration of the Auditor.

Special Resolution

9. That the Company be and is hereby generally and unconditionally authorised to make market purchases (as defined in section 693(4) of the Act) of ordinary shares of 25p each and "C" shares of 25p each in the capital of the Company provided that:

(i) The maximum aggregate number of shares hereby authorised to be purchased is an amount equal to 3,656,459 ordinary shares and 1,698,233 "C" shares, representing 14.99% of the issued share capital of each class;

   (ii)        The minimum price which may be paid for a share is 25p per share;

(iii) The maximum price, exclusive of any expenses, which may be paid for a share is an amount equal to the higher of; (a) 105% of the average of the middle market prices shown in the quotations for a share in The London Stock Exchange Daily Official List for the five business days immediately preceding the day on which that share is purchased; and (b) the amount stipulated by Article 5(1) of the Buy-back and Stabilisation Regulation 2003;

(iv) The authority hereby conferred shall (unless previously renewed or revoked) expire on the earlier of the AGM of the Company to be held in 2015 and the date which is 18 months after the date on which this resolution is passed; and

(v) The Company may make a contract or contracts to purchase its own shares under this authority before the expiry of the authority which will or may be executed wholly or partly after the expiry of the authority, and may make a purchase of its own shares in pursuance of any such contract or contracts as if the authority conferred hereby had not expired.

Proxy votes cast were as follows:

 
      Resolution                                  For   Against   Withheld 
---  ----------------------------------  ------------  --------  --------- 
      Directors Report and Financial 
 1.    statements and Auditor's Report      1,893,117         0          0 
---  ----------------------------------  ------------  --------  --------- 
      Final dividend 1.75p per ordinary 
 2.    share and 2.50p per "C" share        1,893,117         0          0 
---  ----------------------------------  ------------  --------  --------- 
 3.   Directors' Remuneration Policy        1,752,705    86,004     54,408 
---  ----------------------------------  ------------  --------  --------- 
 4.   Directors' Remuneration Report        1,715,705   118,860     58,552 
---  ----------------------------------  ------------  --------  --------- 
 5.   Re-elect Paul Thomas                  1,842,313    12,075     38,729 
---  ----------------------------------  ------------  --------  --------- 
 6.   Re-elect Colin Wood                   1,832,313    22,075     38,729 
---  ----------------------------------  ------------  --------  --------- 
 7.   Re-appoint BDO LLP as auditor         1,861,505    14,752     16,860 
---  ----------------------------------  ------------  --------  --------- 
 8.   Remuneration of auditor               1,876,257         0     16,860 
---  ----------------------------------  ------------  --------  --------- 
 9.   Buy back shares                       1,750,967   142,150          0 
---  ----------------------------------  ------------  --------  ---------

For further information please contact: The City Partnership (UK) Limited on 0131 243 7210

This information is provided by RNS

The company news service from the London Stock Exchange

END

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