Albion EnterpriseVCT Agm Statement

 
TIDMAAEV 
 
 
   Albion Enterprise VCT PLC 
 
   LEI Code 213800OVSRDHRJBMO720 
 
   At an Annual General Meeting of Albion Enterprise VCT PLC, duly convened 
and held at The Charterhouse, Charterhouse Square, London EC1M 6AN on 30 
July 2019 the following resolutions were passed: 
 
   Ordinary resolutions numbers 1 to 8 were passed. The following items of 
Special Business were passed of which resolution 9 was passed as an 
ordinary resolution and 10 and 11 were passed as special resolutions. 
 
   Special Business 
 
   9. Authority to allot shares 
 
   That the Directors be generally and unconditionally authorised in 
accordance with section 551 of the Companies Act 2006 (the "Act") to 
allot Ordinary shares in the capital of the Company ("Ordinary shares") 
up to an aggregate nominal amount of GBP143,552 (which comprises 
approximately 20 per cent. of the Company's issued Ordinary shares as at 
the date of this Notice) provided that this authority shall expire 15 
months from the date that this resolution is passed, or, if earlier, at 
the conclusion of 
 
   the next Annual General Meeting of the Company, but so that the Company 
may, before such expiry, make an offer or agreement which would or might 
require shares to be allotted or rights to subscribe for or convert 
securities into shares to be granted after such expiry and the Directors 
may allot shares or grant rights to subscribe for or convert securities 
into shares pursuant to such an offer or agreement as if this authority 
had not expired. 
 
   10. Authority for the disapplication of pre-emption rights 
 
   That the Directors be empowered, pursuant to section 570 of the Act, to 
allot equity securities (within the meaning of section 560 of the Act) 
for cash pursuant to the authority conferred by resolution number 9 
and/or sell Ordinary shares held by the Company as treasury shares for 
cash as if section 561(1) of the Act did not apply to any such allotment 
or sale. 
 
   Under this power the Directors may impose any limits or restrictions and 
make any arrangements which they deem necessary or expedient to deal 
with any treasury shares, fractional entitlements, record dates, legal, 
regulatory or practical problems in, or laws of, any territory or other 
matter, arising under the laws of, or the requirements of any recognised 
regulatory body or any stock exchange in, any territory or any other 
matter. 
 
   This power shall expire 15 months from the date that this resolution is 
passed or, if earlier, the conclusion of the next Annual General Meeting 
of the Company, save that the Company may, before such expiry, make an 
offer or agreement which would or might require equity securities to be 
allotted after such expiry and the Directors may allot equity securities 
in pursuance of any such offer or agreement as if this power had not 
expired. 
 
   11. Authority to purchase own shares 
 
   That, the Company be generally and unconditionally authorised to make 
market purchases (within the meaning of section 693(4) of the Act) of 
Ordinary shares, on such terms as the Directors think fit, provided 
always that: 
 
   (a) the maximum aggregate number of Ordinary shares hereby authorised to 
be purchased is 10,759,231 or, if lower, such number of Ordinary shares 
as shall equal 14.99 per cent. of the issued Ordinary share capital of 
the Company at the date of the pasing of this resolution; 
 
   (b) the minimum price which may be paid for an Ordinary share shall be 1 
penny (exclusive of expenses); 
 
   (c) the maximum price (exclusive of expenses) which may be paid for an 
Ordinary share shall be an amount being not more than the higher of (i) 
105 per cent. of the average of the middle market quotations (as derived 
from the Daily Official List of the London Stock Exchange) for the 
Ordinary shares for the five business days immediately preceding the 
date of purchase and (ii) the higher of the price of the last 
independent trade and the highest current independent bid relating to an 
Ordinary share on the trading venue where the purchase is carried out; 
and 
 
   (d) unless previously varied, revoked or renewed, the authority hereby 
conferred shall expire 15 months from the date that this resolution is 
passed or, if earlier, at the conclusion of the next Annual General 
Meeting of the Company, save that the Company may, at any time prior to 
such expiry, enter into a contract or contracts to purchase shares under 
such authority which would or might be completed or executed wholly or 
partly after the expiration of such authority and may make a purchase of 
shares pursuant to any such contract or contracts as if the authority 
conferred hereby had not expired. 
 
   30 July 2019 
 
   For further information please contact: 
 
   Albion Capital Group LLP 
 
   Company Secretary 
 
   Tel: [phone] 
 
 
 
 

(END) Dow Jones Newswires

July 30, 2019 10:54 ET (14:54 GMT)

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