Result of AGM

Resolutions

Votes For

(No. of shares)

For

(%)

Votes Against

(No. of shares)

Against (%)

Votes Withheld

(No. of shares)

Total

Votes

% of Issued Share Capital voted

Resolution 1

To receive and adopt the accounts for the year ended 30 September 2024

21,150,243

99.16

177,570

0.83

24,431

21,327,813

5.39%

Resolution 2

To declare a final dividend of 2.00 pence per share

21,191,380

99.33

141,303

0.66

19,561

21,332,683

5.39%

Resolution 3

To receive and approve Directors' Remuneration Report for the year ended 30 September 2024

19,812,281

95.35

965,832

4.64

574,131

20,778,113

5.25%

Resolution 4

To receive and approve the Directors' Remuneration Policy

19,795,837

95.30

975,584

4.69

580,823

20,771,421

5.24%

Resolution 5

To re-elect Fiona Miller Smith as a Director

20,282,488

96.59

714,601

3.40

349,584

20,997,089

5.30%

Resolution 6

To re-elect Michael Probin as a Director

20,256,156

96.38

760,299

3.61

335,789

21,016,455

5.31%

Resolution 7

To elect Isabel Dolan as a Director

This resolution was withdrawn

Resolution 8

To re-appoint BDO LLP as the independent Auditor

20,824,131

97.65

501,111

2.34

27,002

21,325,242

5.38%

Resolution 9

To authorise the Audit Committee to determine the remuneration of the independent Auditor

21,057,052

98.76

263,223

1.23

31,969

21,320,275

5.38%

Resolution 10

To authorise the Directors to allot ordinary shares

20,940,711

98.23

375,818

1.76

35,715

21,316,529

5.38%

Resolution 11

To authorise the Directors to disapply pre-emption rights

19,817,863

93.45

1,388,013

6.54

146,368

21,205,876

5.35%

Resolution 12

To approve the purchase of the Company's own shares

20,977,305

98.57

302,534

1.42

72,405

21,279,839

5.37%

Resolution 13

General meeting called on not less than 14 clear days' notice

20,140,808

95.16

1,022,260

4.83

189,176

21,163,068

5.34%

Resolution 14

To approve and adopt the amended Articles of Association

12,089,410

96.08

492,758

3.91

8,770,076

12,582,168

3.18%

NOTES:

1.

All resolutions were passed. 

2.

Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.

3.

Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.

4.

A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution.

5.

The number of shares carrying voting rights on 12 March 2025 was 396,036,914 ordinary shares, carrying one vote each.

6.

The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at https://greshamhouse.com/strategic-equity/private-equity/baronsmead-vcts/baronsmead-venture-trust-plc/

7.

A copy of resolutions 10 to 14 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism