Albion Venture Capital Trust's Successful AGM Highlights
Overview of Albion Venture Capital Trust's AGM
Albion Venture Capital Trust PLC recently held its Annual General Meeting (AGM), where significant resolutions were discussed and voted on by shareholders. The meeting was conducted virtually, allowing stakeholders to participate conveniently from their locations. Following is a detailed overview of the resolutions that were passed.
Voting Results at the AGM
The votes on the resolutions were tallied by way of a poll, reflecting the preferences of shareholders accurately. The results indicate strong support for the management’s recommendations, highlighting shareholder confidence in the company’s direction. Below are the key resolutions and their corresponding voting percentages:
Ordinary Resolutions
1. **Receive Report and Accounts**: In favor: 99.79%
2. **Approve Directors’ Remuneration Report**: In favor: 96.48%
3. **Re-elect Richard Glover as Director**: In favor: 96.47%
4. **Re-elect Ann Berresford as Director**: In favor: 96.44%
5. **Re-elect Richard Wilson as Director**: In favor: 97.56%
6. **Re-elect Neeta Patel as Director**: In favor: 96.78%
7. **Appoint Johnston Carmichael LLP as Auditor**: In favor: 99.51%
8. **Authorize Directors to Agree Auditor’s Remuneration**: In favor: 99.42%
9. **Authority to Allot Shares**: In favor: 98.90%
Special Resolutions
10. **Disapplication of Pre-emption Rights**: In favor: 94.78%
11. **Authority to Purchase Own Shares**: In favor: 99.11%
12. **Change Notice Period for General Meetings**: In favor: 96.82%
Implications of the AGM Outcomes
The passing of these resolutions shows a robust alignment between the board and shareholders. Resolutions 1 to 9 were categorized as Ordinary Resolutions, while Resolutions 10 to 12 were deemed Special Resolutions. This indicates a solid foundation of governance and strategic direction moving forward.
Future Directions for Albion Venture Capital Trust
With ongoing positive sentiment from shareholders, Albion Capital Group looks forward to implementing its strategic objectives effectively. The successful resolutions not only reflect shareholder trust but also pave the way for future growth and operational efficiency. As a vital player in the venture capital landscape, any strategic shifts or initiatives will be closely monitored by investors and analysts alike.
Contact Information for Inquiry
For any additional inquiries regarding the AGM, shareholders and interested parties can contact:
**Vikash Hansrani**
Operations Partner
Albion Capital Group LLP
Telephone: 020 7601 1850
Frequently Asked Questions
What were the main outcomes of the AGM?
The AGM yielded a series of resolutions that received high levels of shareholder approval, indicating confidence in the company's governance.
How were the resolutions categorized?
Resolutions were categorized into ordinary and special resolutions, with most passed with significant majority support.
Who were re-elected during the AGM?
Richard Glover, Ann Berresford, Richard Wilson, and Neeta Patel were re-elected as directors of the company.
What contact information is available post-AGM?
For inquiries, stakeholders can reach Vikash Hansrani at Albion Capital Group LLP via telephone.
What does the successful passing of these resolutions signify?
The strong support for the resolutions demonstrates shareholder confidence in the management and strategic direction of Albion Venture Capital Trust PLC.
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