Result of AGM

17th Sep 2024 13:34

Result of AGM

FORESIGHT TECHNOLOGY VCT PLC

( the “Company”)

Legal Entity Identity number: 21380013CXOR8N6OD977

AGM Results Statement

The board of the Company (“Board”) is pleased to announce that at the Annual General Meeting of the Company held on 17 September 2024, all of the resolutions were passed on a show of hands. The voting was as follows:

Resolution	Votes For(including discretion)	%	Votes Against	%	Votes Withheld
Resolution 1 - To receive the Report and Accounts for the year ended 31 March 2023.	414,549	100.00	0	0.00	0
Resolution 2 - To approve the Directors' Remuneration Policy	370,921	95.84	43,628	4.16	195,498
Resolution 3 - To approve the Directors' Remuneration Report.	367,963	97.01	46,586	2.99	303
Resolution 4 - To re-elect Ernie Richardson as a Director.	381,220	100.00	19,905	0.00	0
Resolution 5 - To re-elect Tim Dowlen as a Director.	369,087	97.27	32,037	2.73	0
Resolution 6 - To re-elect Carol Thompson as a Director.	401,012	98.87	113	1.13	0
Resolution 7 - To reappoint Deloitte LLP as auditor and to authorise the directors to fix the auditor's remuneration	386,106	78.54	28,280	21.46	0
Resolution 8 – Authority to Allot Shares	386,520	100.00	27,866	0.00	303
Resolution 9 – Disapplication of Pre-emption Rights	385,836	98.15	28,224	1.85	196,280
Resolution 10 – Authority to Make Market Purchases of Own Shares	394,249	98.97	20,138	1.03	303

The Board is pleased that all resolutions were duly passed but notes the proportion of votes cast against Resolution 7 was over 20%. The Board is pleased that Resolution 7 was passed with the support of the majority of the Company's shareholders, however, as the views of all the Company's shareholders is extremely important to the Board, it will engage with investors on this Resolution to better understand the reasons behind their dissent. An update will be published on that engagement within six months.

For further information, please contact:Company SecretaryForesight Group LLPContact: Gary Fraser Tel: 0203 667 8181