Announcements

Northern Venture Trust PLC.

RNS Number : 5998F
Northern Venture Trust PLC
14 January 2010
 



14 January 2010


NORTHERN VENTURE TRUST PLC ("The Company")


RESULT OF ANNUAL GENERAL MEETING


The Company announces that at the annual general meeting held on 13 January 2010 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 Nigel Beer, Mr Michael Denny, Mr Ross Peters and Mr Hugh Younger.


The resolutions included the following special resolution amending the Company's constitution:


"That the articles of association of the company be amended:

  • by deleting all the provisions contained in the company's memorandum of association (including those relating to the objects of the company and the share capital of the company) which by virtue of Section 28 of the Companies Act 2006 are treated as provisions of the company's articles of association; and

  • by adding a new Article 2A as follows: "The liability of members is limited to the amount, if any, unpaid on the shares held by them."


In accordance with the Listing Rules, copies of the resolution proposed and passed which amended the company's constitution has been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility which is situated at:


The Financial Services Authority

25 The North Colonnade
Canary Wharf
London

E14 5HS


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


Number

Resolution

For

Discretionary

Against

Vote withheld

1

To receive the financial statements for the year ended 30 September 2009

3,335,703

358,878

Nil

4,944

2

To approve the directors' remuneration report

3,157,728

356,588

84,178

101,031

3

To re-elect Mr N J Beer as a director

3,265,544

358,878

13,496

61,607

4

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

3,261,851

358,878

43,229

35,567

6

To re-elect Mr R S Peters as a director

3,271,038

358,878

19,932

49,677

6

To re-elect Mr H P Younger as a director

3,282,285

358,878

14,135

44,227

7

To reappoint KPMG Audit Plc as independent auditors

3,224,355

358,878

66,557

49,735

8

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

3,286,295

358,878

21,469

32,883

9

To authorise the directors to allot shares pursuant to Section 551 of the Companies Act 2006

3,250,385

358,878

90,262

Nil

10

To disapply Section 561 of the Companies Act 2006 in relation to certain allotments of equity securities and the sale of treasury shares

3,202,243

358,878

83,628

54,776

11

To authorise the Company to make market purchases of ordinary shares and C shares in accordance with Section 694 of the Companies Act 2006

3,280,140

358,878

42,326

18,181

12

To authorise the purchase of the company's deferred shares

3,190,050

366,122

78,220

65,133

13

To amend the articles of association by removing provisions formerly contained in the Company's memorandum of association and introducing a new Article specifying the limited liability of members

3,209,818

363,675

65,531

60,501

14

To authorise the company to continue as a Venture Capital Trust for a further five year period

3,326,257

358,878

14,390

Nil


Enquiries:


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

Website: www.nvm.co.uk  

END


This information is provided by RNS
The company news service from the London Stock Exchange
 
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