6 March 2024
Baronsmead Second Venture Trust Plc
("BSVT" or the "Company")
Result of the 2024 Annual General Meeting
BSVT is pleased to announce that, at the Annual General Meeting held yesterday, all resolutions were passed on a poll, including the following resolutions:
Resolution 10 (ordinary resolution): To authorise the Directors to allot shares pursuant to section 551 of the Companies Act 2006.
Resolution 11 (special resolution): To authorise the Directors to allot shares for cash pursuant to sections 570 and 573 of the Companies Act 2006 otherwise than in accordance with statutory pre-emption rights.
Resolution 12 (special resolution): To authorise the Directors to make market purchases of the Company's own shares.
Resolution 13 (special resolution): To authorise the Directors to convene a general meeting, other than annual general meetings, on not less than 14 clear days' notice.
The results of the poll for each resolution were as follows:
| Resolutions | Votes For | For (%) | Votes Against | Against (%) | Votes Withheld* | Total Votes | % of Issued Share Capital voted |
| Resolution 1 To receive and adopt the accounts for the year ended 30 September 2023 | 8,007,012 | 99.53 | 37,569 | 0.47 | 24,830 | 8,044,581 | 1.96 |
| Resolution 2 To declare a final dividend of 2.25 pence per share | 8,044,486 | 99.69 | 24,925 | 0.31 | 0 | 8,069,411 | 1.97 |
| Resolution 3 To receive and approve the Directors' Remuneration Report for the year ended 30 September 2023 | 7,394,711 | 93.68 | 498,495 | 6.32 | 176,205 | 7,893,206 | 1.93 |
| Resolution 4 To re-elect Sarah Fromson as a Director | 7,770,469 | 96.87 | 251,401 | 3.13 | 47,541 | 8,021,870 | 1.96 |
| Resolution 5 To re-elect Malcolm Groat as a Director | 7,731,533 | 96.15 | 309,645 | 3.85 | 28,233 | 8,041,178 | 1.96 |
| Resolution 6 To re-elect Tim Farazmand as a Director | 7,779,486 | 96.75 | 261,692 | 3.25 | 28,233 | 8,041,178 | 1.96 |
| Resolution 7 To re-elect Graham McDonald as a Director | 7,759,400 | 96.50 | 281,778 | 3.50 | 28,233 | 8,041,178 | 1.96 |
| Resolution 8 To re-appoint BDO LLP as independent Auditor | 7,558,933 | 94.99 | 398,354 | 5.01 | 112,124 | 7,957,287 | 1.94 |
| Resolution 9 To authorise the Audit & Risk Committee to determine the remuneration of the independent Auditor | 7,879,278 | 98.36 | 131,209 | 1.64 | 58,924 | 8,010,487 | 1.96 |
| Resolution 10 To authorise the Directors to allot ordinary shares | 7,871,583 | 98.22 | 142,421 | 1.78 | 55,407 | 8,014,004 | 1.96 |
| Resolution 11 To authorise the Directors to disapply pre-emption rights | 7,467,794 | 93.43 | 525,176 | 6.57 | 76,441 | 7,992,970 | 1.95 |
| Resolution 12 To approve the purchase of the Company's own shares | 7,859,515 | 97.52 | 199,586 | 2.48 | 10,310 | 8,059,101 | 1.97 |
| Resolution 13 General meeting called on not less than 14 clear days' notice | 7,458,476 | 92.55 | 600,625 | 7.45 | 10,310 | 8,059,101 | 1.97 |
* Votes withheld are not a vote in law and are therefore not counted in the calculation of the percentages of the votes cast for and against a resolution.
A copy of the full text of resolutions 10 to 13 will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
For further information please contact:
Baronsmead VCT Investor Relations
020 3875 9862
baronsmeadvcts@greshamhouse.com
LEI 2138008D3WUMF6TW8C28
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