Announcements

Northern Venture Trust PLC.

RNS Number : 6517L
Northern Venture Trust PLC
14 January 2009
 

14 January 2009


NORTHERN VENTURE TRUST PLC ("The Company")


RESULT OF ANNUAL GENERAL MEETING


The Company announces that at the annual general meeting held on 14 January 2009 all of the resolutions set out in the notice of meeting were duly passed by shareholders.


The resolutions included those to re-elect as directors Mr Michael Denny and Mr John Hustler.


As detailed in the Company's annual report and accounts for the year ended 30 September 2008, Professor Sir Frederick Holliday retired as chairman and as a director of the Company at the conclusion of the annual general meeting and Mr John Hustler was appointed as chairman of the board. In addition, at the conclusion of the meeting, Mr John Hustler became chairman of the nomination and management engagement committees and Miss Primrose Scott became chairman of the audit committee.


Details of proxy voting on the resolutions put to shareholders at the annual general meeting are as follows:


Number

Resolution

For

Discretionary

Against

Abstentions

1

To receive the financial statements for the year ended 30 September 2008

3,882,277


17,710

Nil

5,150

2

To declare a final dividend of 1.5p per ordinary share

3,856,827

43,310

Nil

5,000

3

To declare a final dividend of 1.0p per C share

3,821,973

75,164

5,000

3,000

4

To approve the directors' remuneration report

3,775,727

17,710

10,275

101,425

5

To re-elect Mr E M P Denny as a director

3,862,072

17,710

12,150

13,205

6

To re-elect Mr J R Hustler as a director

3,871,704

17,710

6,158

9,565

7

To reappoint KPMG Audit Plc as independent auditors

3,841,906

17,710

6,150

39,371

8

To authorise the directors to fix the remuneration of the independent auditors

3,876,427

27,710

1,000

Nil

9

To authorise the directors to allot shares pursuant to Section 80 of the

Companies Act 1985

3,858,285

17,710

24,142

5,000

10

To disapply Section 89 of the Companies Act 1985 in relation to certain allotments of equity securities

3,804,414

47,869

52,854

Nil

11

To authorise the Company to make market purchases of ordinary shares and C shares

in accordance with Section 166 of the Companies Act 1985

3,798,871

61,178

45,088

Nil


Enquiries:


Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000

Website:  www.nvm.co.uk

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