Triple Point VCT 2011 PLC Result of General Meeting (5137C)

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RNS Number : 5137C

Triple Point VCT 2011 PLC

19 October 2020

19 October 2020

Triple Point VCT 2011 plc

(the "Company")

RESULT OF GENERAL MEETING

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

Resolutions 1 and 2 were proposed as ordinary resolutions and resolutions 3 to 5 (inclusive) were proposed as special resolutions. The results of the poll were as follows:

 
      Resolution        Votes For      %       Votes Against     %       Total votes      Total votes        Votes 
                                                                         validly cast      cast as %       Withheld* 
                                                                                           of issued 
                                                                                         share capital 
        To authorise 
            the 
         directors 
          to allot 
  1.      shares.       2,922,547    99.16        24,643        0.84      2,947,190         10.06%             0 
      --------------  -----------  --------  ---------------  ------  ---------------  ---------------  -------------- 
         To approve 
            the 
           Offer 
  2.     Agreement.     2,947,190    100.00          0          0.00      2,947,190         10.06%             0 
      --------------  -----------  --------  ---------------  ------  ---------------  ---------------  -------------- 
        To dis-apply 
        pre-emption 
  3.      rights.       2,909,787    99.56        12,760        0.44      2,922,547          9.97%           24,643 
      --------------  -----------  --------  ---------------  ------  ---------------  ---------------  -------------- 
        To authorise 
        the Company 
             to 
        purchase its 
  4.    own shares.     2,947,190    100.00          0          0.00      2,947,190         10.06%             0 
      --------------  -----------  --------  ---------------  ------  ---------------  ---------------  -------------- 
         To approve 
            the 
        cancellation 
          of the B 
           Share 
           share 
          premium 
  5.      account.      2,919,615    100.00          0          0.00      2,919,615          9.96%           27,575 
      --------------  -----------  --------  ---------------  ------  ---------------  ---------------  -------------- 
 

*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 19 October 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 12,544,922 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 29,301,406.

A copy of the Resolutions will be submitted to the National Storage Mechanism and will shortly be available for viewing online at the following website: 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.

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October 19, 2020 09:27 ET (13:27 GMT)