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

15,329,752

99.76

36,290

0.23

121,806

15,366,042

3.84%

Resolution 2

To declare a final dividend of 2.25 pence per share

15,349,239

99.81

28,305

0.18

110,304

15,377,544

3.84%

Resolution 3

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

13,648,617

92.15

1,162,156

7.84

677,075

14,810,773

3.70%

Resolution 4

To receive and approve the Directors' Remuneration Policy

13,297,025

90.11

1,458,407

9.88

732,416

14,755,432

3.69%

Resolution 5

To re-elect Sarah Fromson as a Director

14,707,046

96.67

506,320

3.32

274,482

15,213,366

3.80%

Resolution 6

To re-elect Graham McDonald as a Director

14,781,145

97.22

422,264

2.77

284,439

15,203,409

3.80%

Resolution 7

To re-elect Tim Farazmand as a Director

14,817,554

97.39

395,812

2.60

274,482

15,213,366

3.80%

Resolution 8

To elect Adriana Stirling as a Director

14,761,822

97.62

359,810

2.37

366,216

15,121,632

3.78%

Resolution 9

To re-appoint BDO LLP as independent Auditor

14,632,925

95.83

636,518

4.16

218,405

15,269,443

3.81%

Resolution 10

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

15,087,737

98.27

264,659

1.72

135,452

15,352,396

3.84%

Resolution 11

To authorise the Directors to allot ordinary shares

14,883,280

97.08

447,463

2.91

157,105

15,330,743

3.83%

Resolution 12

To authorise the Directors to disapply pre-emption rights

13,954,439

92.69

1,099,920

7.30

433,489

15,054,359

3.76%

Resolution 13

To approve the purchase of the Company's own shares

14,973,073

98.28

261,487

1.71

253,288

15,234,560

3.81%

Resolution 14

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

11,271,777

93.77

748,710

6.22

3,467,361

12,020,487

3.00%

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 400,271,394 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 11 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