Triple Point VCT 2011 PLC Result of Annual General Meeting (5768S)

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RNS Number : 5768S

Triple Point VCT 2011 PLC

09 July 2020

9 July 2020

Triple Point VCT 2011 plc

(the "Company")

RESULT OF ANNUAL GENERAL MEETING

The Board of Triple Point VCT 2011 plc is pleased to announce that at the Company's Annual General Meeting held today, all resolutions were voted on by way of a poll and were passed by shareholders.

Resolutions 1 to 7 (inclusive) were proposed as ordinary resolutions and resolutions 8 and 9 were proposed as special resolutions. The results of the poll were as follows:

 
        Resolution          Votes For     %      Votes Against    %     Total votes    Total votes     Votes Withheld* 
                                                                          validly        cast as % 
                                                                            cast         of issued 
                                                                                       share capital 
     To receive and adopt 
     the Annual 
     Report and Accounts 
     of the 
     Company for the year 
     ended 
 1   29 February 2020.      3,789,290   100.00         0         0.00    3,789,290        13.32%           190,000 
    ---------------------  ----------  -------  --------------  -----  ------------  ---------------  ---------------- 
     To approve the 
     Directors' 
     Remuneration 
 2   Report.                3,769,497   99.48       19,793       0.52    3,789,290        13.32%           190,000 
    ---------------------  ----------  -------  --------------  -----  ------------  ---------------  ---------------- 
     To approve the 
     Directors' 
     Remuneration 
 3   Policy.                3,750,187   99.47       19,793       0.53    3,769,980        13.25%           209,310 
    ---------------------  ----------  -------  --------------  -----  ------------  ---------------  ---------------- 
     To re-elect Jane 
     Owen as a 
 4   Director.              3,769,980   100.00         0         0.00    3,769,980        13.25%           209,310 
    ---------------------  ----------  -------  --------------  -----  ------------  ---------------  ---------------- 
     To re-elect Timothy 
     Clarke 
 5   as a Director.         3,769,980   100.00         0         0.00    3,769,980        13.25%           209,310 
    ---------------------  ----------  -------  --------------  -----  ------------  ---------------  ---------------- 
     To re-elect Chad 
     Murrin as 
 6   a Director.            3,769,980   100.00         0         0.00    3,769,980        13.25%           209,310 
    ---------------------  ----------  -------  --------------  -----  ------------  ---------------  ---------------- 
     To re-appoint BDO 
     LLP as Auditors 
     of the Company and 
     to authorise 
     the Audit Committee 
     to determine 
     the Auditor's 
 7   remuneration.          3,779,540   99.74        9,750       0.26    3,789,290        13.32%           190,000 
    ---------------------  ----------  -------  --------------  -----  ------------  ---------------  ---------------- 
     To authorise the 
     Company to 
     purchase its own 
 8   shares.                3,969,540   99.75        9,750       0.25    3,979,290        13.98%              0 
    ---------------------  ----------  -------  --------------  -----  ------------  ---------------  ---------------- 
     To authorise the 
     calling of 
     general meetings, 
     other 
     than an annual 
     general meeting, 
     on not less than 14 
     clear days' 
 9   notice.                3,944,990   99.14       34,300       0.86    3,979,290        13.98%              0 
    ---------------------  ----------  -------  --------------  -----  ------------  ---------------  ---------------- 
 

*A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.

Every shareholder has one vote for every share held. As at 9 July 2020, the Company's issued share capital comprised of 9,951,133 A Ordinary Shares of 1p each, 6,805,351 B Ordinary Shares of 1p each and 11,702,083 Venture Shares of 1p each. Each A Ordinary, B Ordinary and Venture Share carries the right to one vote at a general meeting of the Company and therefore the total number of voting rights is 28,458,567.

The full text of all the resolutions can be found in the Notice of Annual General Meeting dated 21 May 2020, a copy of which is available on the Company's website at https://www.triplepoint.co.uk/current-vcts/triple-point-vct-2011-plc/s2539/ .

In accordance with Listing Rule 9.6.2 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 .

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 
 Triple Point Investment Management    Tel: [phone] 
  LLP 
  (Investment Manager) 
 Ben Beaton 
  Belinda Thomas 
 

The Company's LEI is 213800AOOAQA5XQDEA89

Further information on the Company can be found on its website https://www.triplepoint.co.uk/current-vcts/triple-point-vct-2011-plc/s2539/ .

NOTES:

The Company is a Venture Capital Trust incorporated in July 2010. The Investment Manager is Triple Point Investment Management LLP. The Company was established to fund small and medium sized enterprises (SMEs). The Company launched a new share class, known as The Venture Fund, in March 2019 which is mandated to invest in SMEs producing products or digital services that solve challenges faced by their larger corporate customers.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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July 09, 2020 09:00 ET (13:00 GMT)