19 March 2025
GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLC
(the "Company")
Result of 2025 AGM
Gresham House Renewable Energy VCT 1 plc announces that at the Company's Annual General Meeting held yesterday, all resolutions were passed by way of a poll and the results of the poll, including the proxy votes received, are set out below.
Resolutions 1 to 5 (inclusive) were proposed as ordinary resolutions and resolution 6 was proposed as a special resolution.
In accordance with UKLR 6.4.2 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.
| | Resolution | Votes For* | % | Votes Against | % | Total votes validly cast | Total votes cast as % of issued share capital | Vote Withheld ** |
| 1. | To receive and adopt the Annual Report and Accounts for the year ended 30 September 2024. | 739,964,703 | 94.77 | 40,797,757 | 5.23 | 780,762,460 | 3.06 | 0 |
| 2. | To receive and approve the Directors' Remuneration Report. | 665,935,748 | 85.29 | 114,826,712 | 14.71 | 780,762,460 | 3.06 | 0 |
| 3. | To re-appoint BDO LLP as the Company's auditor. | 739,964,703 | 94.77 | 40,797,757 | 5.23 | 780,762,460 | 3.06 | 0 |
| 4. | To authorise the Directors to determine the remuneration of the Company's auditor. | 739,964,703 | 94.77 | 40,797,757 | 5.23 | 780,762,460 | 3.06 | 0 |
| 5. | To re-elect Gill Nott as a Director of the Company | 665,935,748 | 85.29 | 114,826,712 | 14.71 | 780,762,460 | 3.06 | 0 |
| 6. | To allow the Company to hold general meetings on 14 days' notice. | 594,964,848 | 76.20 | 185,797,612 | 23.80 | 780,762,460 | 3.06 | 0 |
* Includes discretionary votes
** A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.
While all resolutions passed, Resolution 6, which related to holding General Meetings (other than an Annual General Meeting) of the Company on 14 clear days' notice, received opposition from some shareholders. Considering the number of votes against this resolution, the Company will undertake a detailed review of the feedback received on this matter to ensure it fully understands shareholders' concerns. The Board takes seriously its responsibilities to uphold the highest standards of corporate governance and is open to constructive dialogue with shareholders and shareholder bodies.
END
For further information, please contact:
| Gresham House Asset Management | renewablenergy@greshamhouse.com |
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| JTC (UK) Limited | GreshamVCTs@jtcgroup.com |
LEI: 213800IVQHJXUQBAAC06
Notes:
As at close of business on 17 March 2025, the Company's issued share capital comprised 25,515,242 Ordinary Shares and 38, 512, 032 'A' Shares, excluding shares held in treasury, and the total number of voting rights in the Company were 25,553,754,032, being 25,515,242,000 votes attributable to Ordinary Shares and 38,512,032 rights attributable to "A" Shares.
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