9th Aug 2019 15:15
(Alliance News) - Ventus VCT PLC and Ventus VCT 2 PLC on Friday at their annual general meetings meet shareholder opposition for several resolutions, with some having too little support to be passed.
For Ventus VCT, shareholders voted considerably against the re-election of Chair David Williams and Directors Jo Dixon, Chris Zeal and Lloyd Chamberlain. Despite the strong minority opposition, the resolutions were still carried.
However, the resolutions for the appointment of Nicholas Curtis, Andrew Garrad and Richard Toth as directors to the venture capital trust were rejected, as was the resolution proposing that expenses from circulating requisitionist resolutions by paid by Ventus.
Concerning the resolutions passed with considerable opposition, Ventus said it was "disappointed with the outcome" and will reflect on feedback from shareholders to understand why the resolutions were opposed to.
Meanwhile, Ventus 2 VCT said it too saw substantial shareholder opposition to several resolutions.
Shareholder considerably voted against the re-election of Chair Alan Moore and Director Paul Thomas, and the appointment of Jane Tozer, however these resolutions were still passed.
Meanwhile, the resolutions proposing the appointment of Nicholas Curtis, Matteo Maino and Michael Carter as directors were rejected, as was the resolution proposing that expenses from circulating requisitionist resolutions by paid by Ventus 2.
Shares in Ventus VCT were down 1.8% at 110.00 pence, while Ventus 2 VCT shares were untraded on Friday, last quoted at 77.00p in London.