Hargreave Hale AIM VCT PLC Reports General Meeting Results

Author: Logan Wright Updated: 11-12-2024 10:15 AM

Hargreave Hale AIM VCT PLC General Meeting Outcomes

During a recent General Meeting, Hargreave Hale AIM VCT plc (the "Company") successfully proposed all resolutions. This meeting was significant as it reaffirmed the shareholders' confidence in the management's strategic direction and decisions for the future.

Overview of the Meeting

The General Meeting was convened to discuss various resolutions aimed at furthering the company’s objectives. Following a structured poll, the results confirmed that the shareholders overwhelmingly supported the proposed resolutions, which were outlined in the prior Notice of General Meeting.

Details of the Proposed Resolutions

The resolutions included an ordinary resolution to authorize the Directors to issue ordinary shares in line with the Company’s offer for subscription. Additionally, two special resolutions were passed to permit share allotments on a non-pre-emptive basis and to adopt new Articles of Association.

Polling Results Overview

The results highlight robust shareholder engagement, illustrating clear support for the Company's initiatives:

Resolution Specifics

1. **Authorize allotment of ordinary shares**: - Votes For: 10,895,876 (95.04%) - Votes Against: 568,855 (4.96%) - Total Valid Votes: 11,464,731 (3.15% of issued share capital)

2. **Authorize non-pre-emptive share allotment**: - Votes For: 10,631,794 (93.51%) - Votes Against: 738,481 (6.49%) - Total Valid Votes: 11,370,275 (3.13% of issued share capital)

3. **Adoption of new Articles of Association**: - Votes For: 10,912,512 (95.45%) - Votes Against: 519,997 (4.55%) - Total Valid Votes: 11,432,509 (3.15% of issued share capital)

Importance of the Resolutions

The approval of these resolutions signifies the trust shareholders have in the Company’s direction. The authorization to allot shares supports the Company's plans for capital raising, which is essential for future growth and investment opportunities.

Looking Ahead

As the Hargreave Hale AIM VCT PLC continues its operations, these decisions will play a pivotal role in facilitating further strategic endeavors. The management remains committed to transparent communication and prioritizing shareholder interests as they navigate future market opportunities.

Contact Information

For further information regarding the meeting and results, please reach out to:

JTC (UK) Limited
Uloma Adighibe
Alexandria Tivey
Email: HHV.CoSec@jtcgroup.com
Phone: +44 207 409 0181

Frequently Asked Questions

What was the main purpose of the General Meeting?

The General Meeting aimed to seek shareholder approval for various resolutions to support the Company's strategic initiatives, including share allotments.

How did shareholders vote on the proposed resolutions?

All proposed resolutions received overwhelming support, with significant majorities voting in favor during the poll.

What are the implications of these resolutions being passed?

The passage of these resolutions allows the Company to proceed with share allotments necessary for future financing and growth opportunities.

Who can shareholders contact for more information?

Shareholders can contact JTC (UK) Limited for further inquiries regarding the meeting's outcomes and the Company's future plans.

Is Hargreave Hale AIM VCT PLC listed on any stock exchange?

Yes, Hargreave Hale AIM VCT PLC is listed on the London Stock Exchange under the ticker LSE:HHV.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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