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Share Name Share Symbol Market Type Share ISIN Share Description
Ventus 2 Vct Plc LSE:VEN2 London Ordinary Share GB00B0WCHT14 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 80.00 78.00 82.00 80.00 80.00 80.00 100 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.3 1.0 4.0 20.1 20

Ventus 2 VCT PLC Result of AGM

20/08/2020 3:09pm

UK Regulatory (RNS & others)


Ventus 2 Vct (LSE:VEN2)
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RNS Number : 7484W

Ventus 2 VCT PLC

20 August 2020

Ventus 2 VCT plc

Results of AGM and poll

The Annual General Meeting of Ventus 2 VCT plc was duly convened and held at 12.15pm on Thursday 20 August 2020.

All resolutions were passed on a poll.

Ordinary Resolutions

1. To receive the Company's audited Annual Report and Financial Statements for the year ended 29 February 2020.

2. To declare a final dividend of 2.50p per ordinary share, 4.00p per "C" share and 2.50p per "D" share in respect of the year ended 29 February 2020.

3. To approve the Directors' Remuneration Policy (which is set out in the Directors' Remuneration Report on page 36 of the Annual Report and Financial Statements).

   4.         To approve the Directors' Remuneration Report for the year ended 29 February 2020. 
   5.         To elect Lloyd Chamberlain as a Director of the Company. 
   6.         To re-elect Jane Tozer as a Director of the Company. 
   7.         To elect Chris Zeal as a Director of the Company. 

8. To re-appoint BDO LLP as Auditor of the Company to hold office until the conclusion of the next AGM at which accounts are laid before the Company.

   9.         To authorise the Directors to determine the remuneration of the Auditor. 
   10.       To authorise the Company to continue in being as a venture capital trust. 

Special Resolution

11. That the Company be and is hereby generally and unconditionally authorised to make market purchases within the meaning of Section 693(4) of the Companies Act 2016 (the "Act") of ordinary shares of 25p each, "C" shares of 25p each and "D" shares of 25p each in the capital of the Company provided that:

(i) The maximum aggregate number of shares hereby authorised to be purchased is 3,656,459 ordinary shares, 1,698,233 "C" shares and 298,415 "D" shares, representing 14.99% of the current issued share capital of each class;

   (ii)        The minimum price which may be paid for a share is 25p per share; 

(iii) The maximum price, exclusive of any expenses, which may be paid for a share is an amount equal to the higher of; (a) 105% of the average of the middle market prices shown in the quotations for a share in The London Stock Exchange Daily Official List for the five business days immediately preceding the day on which that share is purchased; and (b) the amount stipulated by Article 5(1) of the Buy-back and Stabilisation Regulation 2003;

(iv) The authority hereby conferred shall (unless previously renewed or revoked) expire on the earlier of the AGM of the Company to be held in 2021 and the date which is 18 months after the date on which this resolution is passed; and

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

The full results of the poll are below:

 
     Resolution                                 For        Against  Withheld 
     Directors Report and Financial statements 
1.    and Auditor's Report                      4,817,057  14,435   65,624 
     Final dividend 2.50p per ordinary 
      share, 4.00p per "C" share and 2.50p 
2.    per "D" share                             4,882,681  14,435   - 
3.   D irectors' Remuneration Policy            4,606,580  135,547  154,989 
4 
 .   Directors' Remuneration Report             4,624,856  130,430  141,830 
5.   Re-elect Lloyd Chamberlain                 4,424,135  289,646  183,335 
6.   Re-elect Jane Tozer                        4,262,167  452,666  182,283 
7.   Re-elect Chris Zeal                        4,172,602  544,732  179,782 
8.   Re-appoint BDO LLP as auditor              4,674,968  170,284  51,864 
9.   Remuneration of auditor                    4,853,557  20,457   23,102 
10.  Continue as a venture capital trust        4,570,349  90,639   236,128 
11.  Buy back shares                            4,408,088  448,118  40,910 
 

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 rns@lseg.com or visit www.rns.com.

END

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August 20, 2020 10:09 ET (14:09 GMT)

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