Maven Income & Growth VCT 4 PLC Result of AGM (4485F)

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RNS Number : 4485F

Maven Income & Growth VCT 4 PLC

17 May 2017

Maven Income and Growth VCT 4 PLC

Result of Annual General Meeting

At the Annual General Meeting of the Company held at 10.30 am at Fifth Floor, 1-2 Royal Exchange Buildings, London, EC3V 3LF on 17 May 2017, all of the Resolutions put to the Meeting were duly passed.

At the record date for the Annual General Meeting, being 15 May 2017, the total number of voting rights in the Company stood at 32,767,502 Ordinary Shares. In accordance with the provisions of E.2.2 of the UK Corporate Governance Code, the Company advises that for the Annual General Meeting, valid proxy appointments were made in respect of 3,972,861 shares and that the number of proxy votes lodged for each Resolution were as follows:

 
      Resolutions                         For   Discretion   Against   Withheld       Total 
---  ----------------------------  ----------  -----------  --------  ---------  ---------- 
      To receive the Annual 
       Report and audited 
 1     Financial Statements.        3,854,111      104,885         0     13,865   3,972,861 
---  ----------------------------  ----------  -----------  --------  ---------  ---------- 
      To approve the Directors' 
 2     Remuneration Report.         2,873,170       97,294   959,122     43,275   3,972,861 
---  ----------------------------  ----------  -----------  --------  ---------  ---------- 
      To approve the Directors' 
 3     Remuneration Policy.         3,331,703      108,526   487,511     45,121   3,972,861 
---  ----------------------------  ----------  -----------  --------  ---------  ---------- 
      To approve a final 
 4     dividend.                    3,863,639      104,762     4,460          0   3,972,861 
---  ----------------------------  ----------  -----------  --------  ---------  ---------- 
      To re-elect Mr Cormack 
 5     as a Director.               3,658,262      116,948   167,229     30,422   3,972,861 
---  ----------------------------  ----------  -----------  --------  ---------  ---------- 
      To re-elect Mr Graham-Wood 
 6     as a Director.               3,654,209      122,020   166,210     30,422   3,972,861 
---  ----------------------------  ----------  -----------  --------  ---------  ---------- 
      To re-elect Mr Scott 
 7     as a Director.               3,734,401      132,901    75,137     30,422   3,972,861 
---  ----------------------------  ----------  -----------  --------  ---------  ---------- 
      To re-elect Mr Nixon 
 8     as a Director.               3,718,182      151,281    77,744     25,654   3,972,861 
---  ----------------------------  ----------  -----------  --------  ---------  ---------- 
      To re-appoint Deloitte 
 9     LLP as Auditor.              3,420,186      160,474   380,571     11,630   3,972,861 
---  ----------------------------  ----------  -----------  --------  ---------  ---------- 
      To authorise the 
       Directors to fix 
       the remuneration 
 10    of the Auditor.              3,794,009      141,724    17,998     19,130   3,972,861 
---  ----------------------------  ----------  -----------  --------  ---------  ---------- 
      To authorise the 
       Directors to allot 
 11    new shares.                  3,787,895      131,600    22,735     30,631   3,972,861 
---  ----------------------------  ----------  -----------  --------  ---------  ---------- 
      To authorise disapplication 
 12    of pre-emption rights.       3,627,875      131,600   125,146     88,240   3,972,861 
---  ----------------------------  ----------  -----------  --------  ---------  ---------- 
      To authorise the 
       Company to purchase 
 13    its own shares.              2,985,482      124,556   846,392     16,431   3,972,861 
---  ----------------------------  ----------  -----------  --------  ---------  ---------- 
      To allow a General 
       Meeting to be called 
       on not less than 
 14    14 days' notice.             3,446,170      387,084   117,313     22,294   3,972,861 
---  ----------------------------  ----------  -----------  --------  ---------  ---------- 
 

The Board notes that Resolution 2, an Ordinary Resolution relating to the approval of the Directors' Remuneration Report, was duly passed but recognises that a significant minority of Shareholders have voted against the Resolution. It is intended that the Remuneration Committee will give this due consideration in its future deliberations

The Directors also note that Resolution 13, a Special Resolution relating to the buying back of shares, was duly passed, but once again recognise that a significant minority of Shareholders have voted against the Resolution. It is intended that the Board will consider the views expressed by Shareholders when it next seeks such an authority.

A vote withheld is not a vote in law and any such votes have not been included in the votes for or against the respective Resolutions. These proxy voting figures will also be available to view at: www.mavencp.com/migvct4.

Passing of Resolutions under Special Business

Copies of Resolutions passed under Special Business have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM.

Issued on behalf of the Board

Maven Capital Partners UK LLP, Secretary

17 May 2017

This information is provided by RNS

The company news service from the London Stock Exchange

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May 17, 2017 09:25 ET (13:25 GMT)