Hazel Ren Egy VCT2 Hazel Renewable Energy Vct 2 Plc : Result Of Agm And Statement

 
TIDMHR2O 
 
   Hazel Renewable Energy VCT2 plc 
 
   7 March 2016 
 
   AGM Results and Statement 
 
   The Annual General Meeting of Hazel Renewable Energy VCT2 plc took place 
earlier today.  The meeting was adjourned from the original venue and 
relocated to a larger venue and commenced at 2:25pm. 
 
   At the start of meeting the Chairman, Peter Wisher, announced that, in 
view of a large number of proxy votes that had been submitted against 
existing directors, the Company had taken legal advice and had agreed to 
take steps to ensure that the Company did not end up breaching the 
Company Act 2006 by virtue of having less that two directors. 
 
   Accordingly, it was announced that Peter Wisher and Christian Yates had 
withdrawn their offer to resign as non-executive directors at the AGM 
and were not required to do so under the Company's Articles of 
Association. Resolutions 4 & 6 seeking re-election for Peter Wisher and 
Christian Yates were therefore withdrawn. 
 
   It was further announced that Alexander Hambro and Bozkurt Aydinoglu had 
withdrawn their offer to stand for re-election and would therefore cease 
to be a non-executive directors at the end of the AGM. Resolutions 5 and 
7 were therefore also withdrawn. 
 
   Resolutions 1, 2, 3 and 8 were carried on a show of hand but Resolution 
9 to change the Articles of Association was defeated. 
 
   Details of the proxy votes in respect of the Annual General Meeting 
resolutions received as at 2:05pm on 3 March 2015, 48 hours before the 
scheduled time of the meeting (excluding weekends), at Downing LLP are 
set out below: 
 
 
 
 
                            For  Discretionary         Against           Total    Withheld 
Res. 
No.                      No. of         No. of          No. of          No. of      No. of 
                     Votes Cast     Votes Cast      Votes Cast      Votes Cast       Votes 
                     % of votes     % of votes      % of votes      % of votes 
 1               23,086,464,203    426,664,238               -  23,513,128,441           - 
                         98.19%          1.81%           0.00%         100.00% 
 2               23,081,284,028    426,664,238       5,180,175  23,513,128,441           - 
                         98.17%          1.81%           0.02%         100.00% 
 3               23,081,284,028    426,664,238       5,180,175  23,513,128,441           - 
                         98.17%          1.81%           0.02%         100.00% 
 4    WITHDRAWN  20,018,796,600    426,664,238   3,067,667,603  23,513,128,441           - 
                         85.14%          1.81%          13.05%         100.00% 
 5    WITHDRAWN     939,685,549    426,664,238  22,146,778,654  23,513,128,441           - 
                          4.00%          1.81%          94.19%         100.00% 
 6    WITHDRAWN  23,081,284,028    426,664,238       5,180,175  23,513,128,441           - 
                         98.17%          1.81%           0.02%         100.00% 
 7    WITHDRAWN     939,685,549    426,664,238  22,146,778,654  23,513,128,441           - 
                          4.00%          1.81%          94.19%         100.00% 
 8               22,999,421,247    426,664,238               -  23,426,085,485  87,042,956 
                         98.18%          1.82%           0.00%         100.00% 
 9               10,038,573,347     25,025,000  13,449,530,094  23,513,128,441           - 
                         42.69%          0.11%          57.20%         100.00% 
 
 
   A copy of the resolutions passed will be submitted to the National 
Storage Mechanism and will shortly be available for inspection at 
www.hemscott.com/nsm.do 
 
   After the completion of the formal business, the Chairman announced that 
the Company had erroneously omitted to propose a resolution to 
Shareholders seeking that the Company continue as a VCT at this AGM and 
would therefore be taking steps in due course to call a further General 
Meeting to put such a resolution. 
 
   The Chairman also announced that the Company had received correspondence 
in the last week from a party representing a group of shareholders and, 
after taking professional advice, the Company is now consulting The 
Panel on Takeovers and Mergers. 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Hazel Renewable Energy VCT 2 plc via Globenewswire 
 
   HUG#1992508 
 
 
  http://www.hazelcapital.com 
 

(END) Dow Jones Newswires

March 07, 2016 13:23 ET (18:23 GMT)

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