Edge Performance VCT PLC Results of Annual General Meeting (1052R)

TIDMEDGH TIDMEDGI

RNS Number : 1052R

Edge Performance VCT PLC

12 June 2018

Edge Performance VCT plc

Results of Annual General Meeting

At the Annual General Meeting of Edge Performance VCT plc (the "Company") held on 11 June 2018 at 10.00am, the following resolutions were duly passed:

ORDINARY RESOLUTIONS

1. To receive and adopt the directors' and the independent auditor's reports and the Company's financial statements for the year ended 28 February 2018.

   2.         To approve the directors' remuneration report for the year ended 28 February 2018. 

3. To re-elect Sir Robin Miller who is retiring in accordance with the AIC Code and who, being eligible, offers himself for re-election as a director of the Company.

4. To elect Terry Back who, being eligible, offers himself for election as a director pursuant to article 94 of the Company's articles of association.

   5.         To re-elect David Glick as a director of the Company, pursuant to Listing Rule 15.2.13A. 

6. To re-appoint Grant Thornton UK LLP as auditor of the Company, to hold office until the conclusion of the next general meeting at which accounts are laid before the Company.

   7.         To authorise the directors to fix the remuneration of the auditor. 
 
  8.   (i)    That the directors of the Company be 
               and are hereby generally and unconditionally 
               authorised in accordance with section 
               551 of the Companies Act 2006 (the "Act") 
               to exercise all the powers of the Company 
               to allot shares in the Company, up to 
               an aggregate nominal value equal to 
               10% of the nominal value of the issued 
               ordinary share capital of the Company 
               as at the date of this resolution, during 
               the period commencing on the passing 
               of this resolution and expiring on the 
               later of: (1) the date of the annual 
               general meeting of the Company to be 
               held in 2019, and (2) the date which 
               is 15 months after the date on which 
               this resolution is passed (unless the 
               authority is previously revoked, varied 
               or extended by the Company in general 
               meeting) but so that this authority 
               shall allow the Company to make, before 
               the expiry of this authority, offers 
               or agreements which would or might require 
               relevant securities to be allotted after 
               such expiry; and 
       (ii)   That all previous authorities given 
               to the directors of the Company in accordance 
               with section 551 of the Act be and are 
               hereby revoked, provided that such revocation 
               shall not have retrospective effect. 
 

SPECIAL RESOLUTIONS

9. That the directors of the Company be and are hereby empowered, pursuant to sections 570 and 573 of the Act, to allot or make offers or agreements to allot equity securities (as defined in section 560 of the Act) for cash pursuant to the authority given pursuant to resolution 8 set out in this notice of annual general meeting as if section 561(1) of the Act did not apply to such allotment, provided that this power shall expire on the later of: (1) the date of the annual general meeting of the Company to be held in 2019, and (2) the date which is 15 months after the date on which this resolution is passed and provided further that this power shall be limited to the allotment of equity securities from time to time with an aggregate nominal value equal to 10% of the nominal value of the issued ordinary share capital of the Company as at the date of this resolution.

10. That the Company be and is hereby generally and unconditionally authorised, pursuant to section 701 of the Act, to make market purchases (within the meaning of section 693(4)

of the Act) of H Shares and I Shares of 10p each in the capital of the Company, provided that:

(i) such authority is limited to the purchase of 14.99 per cent of the issued H Share capital, and 14.99 per cent of the issued I Share capital, in each case as at the date of this resolution;

(ii) the minimum price (excluding expenses) which may be paid for such H or I Shares is 10p per share, the nominal amount of each such share;

(iii) the maximum price (excluding expenses) which may be paid for such H or I Shares shall be the higher of:

(a) an amount equal to 105 per cent of the average of the middle market quotations for such class of the Company's shares, as derived from the daily

Official List of the London Stock Exchange, for the five business days immediately preceding the day on which the purchase was made; and

   (b)        the value of such class of the Company's shares calculated on the basis of 

the higher of the price quoted for (1) the last independent trade of and (2) the highest current independent bid for any number of such class of the Company's shares on the trading venue where the purchase is carried out; and

(iv) the Company may make a contract or contracts to purchase its own H or I Shares under this authority prior to the expiry of this authority which will or may be executed wholly or partly after the expiry of the authority, and the Company may make a purchase of its own H or I Shares in pursuance of any such contract or contracts as if the authority conferred hereby had not expired.

The authority hereby conferred shall (unless previously renewed or revoked) expire on the later of: (1) the date of the annual general meeting of the Company to be held in 2019, and

(2) the date which is 15 months after the date on which this resolution is passed.

Proxy votes cast were as follows:

 
       Resolution                                       For       Against    Withheld 
----  --------------------------------------  -------------  ------------  ---------- 
       Receive and adopt directors' 
        and independent auditor's 
        reports and Company's financial 
 1.     statements                               12,531,949       636,851      39,867 
----  --------------------------------------  -------------  ------------  ---------- 
       Approve directors' remuneration 
 2.     report                                   11,541,808     1,463,076     203,783 
----  --------------------------------------  -------------  ------------  ---------- 
 3.    Re-elect Sir Robin Miller                 10,792,924     1,790,367     625,376 
----  --------------------------------------  -------------  ------------  ---------- 
 4.    Elect Terry Back                          10,919,718     1,457,832     831,117 
----  --------------------------------------  -------------  ------------  ---------- 
 5.    Re-elect David Glick                      10,790,512     2,264,617     153,538 
----  --------------------------------------  -------------  ------------  ---------- 
       Re-appoint Grant Thornton 
 6.     as auditor                               11,965,343     1,071,330     171,994 
----  --------------------------------------  -------------  ------------  ---------- 
       Authorise directors to determine 
 7.     remuneration of auditor                  12,436,726       708,580      63,361 
----  --------------------------------------  -------------  ------------  ---------- 
       Authorise directors to allot 
 8.     shares                                   11,960,670       869,561     378,436 
----  --------------------------------------  -------------  ------------  ---------- 
       Authorise directors to allot 
        shares with disregard to pre-emption 
 9.     rights                                   11,680,636     1,243,559     284,472 
----  --------------------------------------  -------------  ------------  ---------- 
       Authorise Company to make 
 10.    market purchases                         12,439,318       621,708     147,641 
----  --------------------------------------  -------------  ------------  ---------- 
 

For further information please contact:

The City Partnership (UK) Limited on 0131 5107465.

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June 12, 2018 05:01 ET (09:01 GMT)