Result of AGM

7th Aug 2025 16:00

Result of AGM

7 AUGUST 2025

NORTHERN 3 VCT PLC

RESULT OF ANNUAL GENERAL MEETING

Northern 3 VCT PLC (“the Company”) announces that at the Annual General Meeting held on 7 August 2025 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 James Ferguson, Mr Christopher Fleetwood, Mr Timothy Levett, Mr John Waddell and Mrs Anna Brown and to elect as a director Mr David Ovens who was appointed to the Board on 24 April 2025.

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/n3vct/.

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 and approve the Company’s annual report and financial statements for the year ended 31 March 2025 together with the strategic report, Directors’ report and independent auditor’s report thereon.	6,352,797	302,460	24,608	75,048
2	To approve and declare a final dividend of 2.5p per share in respect of the year ended 31 March 2025	6,467,216	243,538	15,182	28,977
3	To approve the Directors’ remuneration report in respect of the year ended 31 March 2025 other than the part of such report containing the Director’ remuneration policy	5,843,294	369,640	375,740	166,239
4	To re-elect Mr J G D Ferguson as a Director	5,843,008	331,959	445,029	134,917
5	To re-elect Mr C J Fleetwood as a Director	5,715,316	331,959	419,056	288,582
6	To re-elect Mr T R Levett as a Director	5,843,980	331,959	460,139	118,835
7	To re-elect Mr J M O Waddell as a Director	5,649,786	331,960	484,585	288,582
8	To re-elect Mrs A B Brown as a Director	5,959,629	331,959	194,154	269,171
9	To re-elect Mr D S Ovens as a Director	5,741,881	341,882	394,412	276,738
10	To appoint Johnston Carmichael LLP as an independent auditor	6,198,171	351,220	128,326	77,196
11	To authorise the Audit & Risk Committee to fix the remuneration of the independent auditor	6,259,018	347,052	88,797	60,046
12	To authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006 for the purposes of the Offer	5,986,397	347,052	349,407	72,057
13	To generally authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006	6,130,125	347,052	127,467	150,269
14	To disapply Section 561(1) of the Companies Act 2006 in relation to certain allotments of equity securities for the purposes of the Offer	5,593,899	383,003	574,253	203,758
15	To disapply Section 561(1) of the Companies Act 2006 in relation to certain other allotments of equity securities	5,878,996	383,003	294,400	198,514
16	To authorise the Company to make market purchases of ordinary shares in accordance with Section 701 of the Companies Act 2006	6,211,570	344,637	114,219	84,487
17	To adopt new articles of association	6,139,839	353,614	96,232	165,228
18	To cancel the share premium account and credit the amount so cancelled to a special reserve of the Company	6,092,526	408,350	59,768	194,269

Enquiries:

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

Website: 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.

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Related Shares:

Northern 3 Vct