23 July 2024
Triple Point Venture VCT PLC
(the "Company")
RESULT OF ANNUAL GENERAL MEETING
The Board of Triple Point Venture VCT Plc announces that at the Company's Annual General Meeting held today, all resolutions were passed on a show of hands.
Resolutions 1 to 8 were proposed as ordinary resolutions and resolutions 9 to 12 were proposed as special resolutions. The proxy votes received prior to the meeting were as follows:
| Resolution | Votes For | % | Votes Against | % | Total votes validly cast | Total votes cast as a % of issued share capital | Votes Withheld* | |
| 1 | To receive and adopt the Annual Report and accounts of the Company for the financial year ended 29 February 2024. | 1,813,245
| 100 | 0 | 0% | 1,813,245
| 2.5 | 0 |
| 2 | To approve the Directors' Remuneration Report. | 1,754,432
| 98.01 | 35,594 | 1.99
| 1,790,026
| 2.48 | 23,219
|
| 3 | To re-elect Jamie Brooke as a Director of the Company. | 1,798,409
| 99.83 | 3,036 | 0.17
| 1,801,445
| 2.5 | 11,800
|
| 4 | To re-elect Julian Bartlett as a Director of the Company. | 1,798,409
| 99.83 | 3,036
| 0.17
| 1,801,445
| 2.5 | 11,800
|
| 5 | To re-elect Sam Smith as a Director of the Company. | 1,798,823
| 100.00
| 0 | 0
| 1,798,823
| 2.49 | 14,422
|
| 6 | To re-appoint BDO as Auditors of the Company and to authorise the Audit Committee to determine the Auditors' remuneration | 1,806,858
| 99.65 | 6,387
| 0.35
| 1,813,245
| 2.5 | 0 |
| 7 | To authorise the Directors to allot Venture shares. | 1,792,399
| 98.85
| 20,846
| 1.15
| 1,813,245
| 2.5 | 0 |
| 8 | To authorise the Directors to allot additional Venture Shares in connection with the Company's dividend reinvestment scheme (the "DRIS") | 1,813,245
| 100.00
| 0 | 0.00
| 1,813,245
| 2.5 | 0 |
| 9 | To dis-apply statutory pre-emption rights. | 1,775,290
| 98.84
| 20,846
| 1.16
| 1,796,136
| 2.49 | 17,109
|
| 10 | To dis-apply pre-emption rights in connection with the DRIS. | 1,796,136
| 100.00
| 0 | 0
| 1,796,136
| 2.49 | 17,109
|
| 11 | To authorise the Company to purchase its own shares. | 1,813,245
| 100.00
| 0 | 0
| 1,813,245
| 2.5 | 0 |
| 12 | To authorise the calling of general meeting, other than an annual general meeting, on not less than 14 clear days' notice. | 1,804,570
| 99.52
| 8,675
| 0.48
| 1,813,245
| 2.5 | 0 |
*A vote 'Withheld' is not a vote in law and is not counted in the calculation of the proportion of votes 'For' and 'Against' a resolution.
Every shareholder has one vote for every share held. As at 23 July 2024, the issued share capital of the Company consisted 72,242,000 Venture Shares. The Company does not hold any shares in Treasury. Therefore, the total number of voting rights in the Company is 72,242,000.
The full text of all the resolutions can be found in the Notice of Annual General Meeting dated 31 May 2024, a copy of which is available on the Company's website at https://www.triplepoint.co.uk/current-vcts/triple-point-venture-vct-plc/s2539/
In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, 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 ON THE COMPANY, PLEASE CONTACT:
| Triple Point Investment Management LLP (Investment Manager) | Tel: 020 7201 8989 |
| Ian McLennan Jack Rose | |
| | |
The Company's LEI is 213800AOOAQA5XQDEA89
Further information on the Company can be found on its website https://www.triplepoint.co.uk/current-vcts/triple-point-venture-vct-plc/s2539/
NOTES:
The Company is a Venture Capital Trust incorporated in July 2010 and was established to fund small and medium sized enterprises. The Investment Manager is Triple Point Investment Management LLP.
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