NVT Northern Venture Trust Plc

 
TIDMNVT 
 

21 JULY 2023

NORTHERN VENTURE TRUST PLC

RESULT OF ANNUAL GENERAL MEETING

Northern Venture Trust PLC ("the Company") announces that at the Annual General Meeting held on 21 July 2023 all of the resolutions set out in the notice of the meeting were duly passed by shareholders.

The resolutions included those to re-elect as directors Mr Simon Constantine, Mr Richard Green, Ms Deborah Hudson and Mr David Mayes.

Mr Timothy Levett did not stand for re-election at the AGM and has resigned as director of the Company at the conclusion of the AGM.

In accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, a copy of the resolutions proposed and passed has been submitted to the National Storage Mechanism and will also be available from: www.mercia.co.uk/vcts/nvt/.

Details of proxy voting on the resolutions put to shareholders at the Annual General Meeting are as follows:

 
                                                                      Vote 
Number  Resolution                For         Discretionary  Against  Withheld 
------  ------------------------  ----------  -------------  -------  -------- 
        To receive and 
         approve the Company's 
         annual report 
         and financial 
         statements for 
         the period ended 
         31 March 2023 
         together with 
         the strategic 
         report, Directors' 
         report and independent 
         auditor's report 
1        thereon                  10,314,240  126,799        33,019   19,168 
------  ------------------------  ----------  -------------  -------  -------- 
        To approve and 
         declare a final 
         dividend of 2.0p 
         per share in respect 
         of the period 
         ended 31 March 
2        2023                     10,333,299  87,476         53,283   19,168 
------  ------------------------  ----------  -------------  -------  -------- 
        To approve the 
         Directors' remuneration 
         report in respect 
         of the period 
         ended 31 March 
         2023 other than 
         the part of such 
         report containing 
         the Directors' 
3        remuneration policy      9,371,209   126,799        691,575  303,643 
------  ------------------------  ----------  -------------  -------  -------- 
        To re-elect Mr 
         S J Constantine 
4        as a director            9,659,830   152,218        597,809  83,369 
------  ------------------------  ----------  -------------  -------  -------- 
        To re-elect Mr 
         R J Green as a 
5        director                 9,657,488   152,218        539,071  144,449 
------  ------------------------  ----------  -------------  -------  -------- 
        To re-elect Mr 
         D A Mayes as a 
6        director                 9,684,560   152,218        496,336  160,112 
------  ------------------------  ----------  -------------  -------  -------- 
        To re-elect Ms 
         D N Hudson as 
7        a director               9,769,903   152,218        413,915  157,190 
------  ------------------------  ----------  -------------  -------  -------- 
        To re-appoint 
         Mazars LLP as 
8        independent auditor      9,920,858   196,162        160,161  216,045 
------  ------------------------  ----------  -------------  -------  -------- 
        To authorise the 
         audit committee 
         to fix the remuneration 
         of the independent 
9        auditor                  10,212,404  152,218        109,436  19,168 
------  ------------------------  ----------  -------------  -------  -------- 
        To authorise the 
         Directors to allot 
         shares pursuant 
         to Section 551 
         of the Companies 
         Act for the purposes 
10       of the Offer             9,957,434   126,799        189,825  219,168 
------  ------------------------  ----------  -------------  -------  -------- 
        To generally authorise 
         the Directors 
         to allot shares 
         pursuant to Section 
         551 of the Companies 
11       Act 2006                 10,100,101  119,834        203,264  70,027 
------  ------------------------  ----------  -------------  -------  -------- 
        To disapply Section 
         561(1) of the 
         Companies Act 
         2006 in relation 
         to allotments 
         of equity securities 
         for the purposes 
12       of the Offer             9,343,765   126,799        689,204  333,458 
------  ------------------------  ----------  -------------  -------  -------- 
        To disapply Section 
         561(1) of the 
         Companies Act 
         2006 in relation 
         to certain other 
         allotments of 
13       equity securities        9,513,383   119,834        683,116  176,893 
------  ------------------------  ----------  -------------  -------  -------- 
        To authorise the 
         Company to make 
         market purchases 
         of ordinary shares 
         in accordance 
         with Section 701 
         of the Companies 
14       Act 2006                 10,195,986  126,799        117,637  52,804 
------  ------------------------  ----------  -------------  -------  -------- 
        To amend the articles 
         of association 
         to extend the 
15       life of the Company      9,912,110   126,799        394,826  37,868 
------  ------------------------  ----------  -------------  -------  -------- 
        To approve the 
         cancellation of 
         the share premium 
         account arising 
         following the 
         issue of Ordinary 
         Shares pursuant 
16       to the Offer             10,150,709  126,799        147,571  68,147 
------  ------------------------  ----------  -------------  -------  -------- 
 

Enquiries:

Sarah Williams / James Sly, Mercia Fund Management Limited - 0330 223 1430

Website: https://www.globenewswire.com/Tracker?data=bv7LOp45_cFRabNJRKJJdRwRfeFmN-nAvf5lgF-bEWyZ8SVlSVd1x000JFmXSBvYuPgkcOYL6a1VF1J6RcFNtttunbMonDT_5dBB07kUa-g= www.mercia.co.uk/vcts

Neither the contents of the Mercia Asset Management PLC website, nor the contents of any website accessible from hyperlinks on the Mercia Asset Management PLC website (or any other website), are incorporated into, or form part of, this announcement.

(END) Dow Jones Newswires

July 21, 2023 09:30 ET (13:30 GMT)

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