9 July 2020
Triple Point VCT 2011 plc
(the "Company")
RESULT OF ANNUAL GENERAL MEETING
The Board of Triple Point VCT 2011 plc is pleased to announce that at the Company's Annual General Meeting held today, all resolutions were voted on by way of a poll and were passed by shareholders.
Resolutions 1 to 7 (inclusive) were proposed as ordinary resolutions and resolutions 8 and 9 were proposed as special resolutions. The results of the poll were as follows:
| Resolution |
Votes For |
% |
Votes Against |
% |
Total votes validly cast |
Total votes cast as % of issued share capital |
Votes Withheld* |
|
| 1 |
To receive and adopt the Annual Report and Accounts of the Company for the year ended 29 February 2020. |
3,789,290 |
100.00 |
0 |
0.00 |
3,789,290 |
13.32% |
190,000 |
| 2 |
To approve the Directors' Remuneration Report. |
3,769,497 |
99.48 |
19,793 |
0.52 |
3,789,290 |
13.32% |
190,000 |
| 3 |
To approve the Directors' Remuneration Policy. |
3,750,187 |
99.47 |
19,793 |
0.53 |
3,769,980 |
13.25% |
209,310 |
| 4 |
To re-elect Jane Owen as a Director. |
3,769,980 |
100.00 |
0 |
0.00 |
3,769,980 |
13.25% |
209,310 |
| 5 |
To re-elect Timothy Clarke as a Director. |
3,769,980 |
100.00 |
0 |
0.00 |
3,769,980 |
13.25% |
209,310 |
| 6 |
To re-elect Chad Murrin as a Director. |
3,769,980 |
100.00 |
0 |
0.00 |
3,769,980 |
13.25% |
209,310 |
| 7 |
To re-appoint BDO LLP as Auditors of the Company and to authorise the Audit Committee to determine the Auditor's remuneration. |
3,779,540 |
99.74 |
9,750 |
0.26 |
3,789,290 |
13.32% |
190,000 |
| 8 |
To authorise the Company to purchase its own shares. |
3,969,540 |
99.75 |
9,750 |
0.25 |
3,979,290 |
13.98% |
0 |
| 9 |
To authorise the calling of general meetings, other than an annual general meeting, on not less than 14 clear days' notice. |
3,944,990 |
99.14 |
34,300 |
0.86 |
3,979,290 |
13.98% |
0 |
*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 9 July 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 11,702,083 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 28,458,567.
The full text of all the resolutions can be found in the Notice of Annual General Meeting dated 21 May 2020, a copy of which is available on the Company's website at https://www.triplepoint.co.uk/current-vcts/triple-point-vct-2011-plc/s2539/.
In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
| Triple Point Investment Management LLP (Investment Manager) |
Tel: 020 7201 8989 |
| 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.