Results from the Annual General Meeting
The Board of Oxford Technology 2 VCT Plc (LSE: OXH) is excited to share that all the resolutions proposed at the recent Annual General Meeting were passed successfully with a show of hands.
Voting Overview
Proxy votes were gathered for 6,829,086 Ordinary Shares, which represents 24.5% of the total issued share capital. This reflects a significant engagement from shareholders in the voting process.
Details of Resolutions
Here is a summary of the proxy votes for each resolution:
Proxy Votes Breakdown
In total, the votes were overwhelmingly in favor across the resolutions:
- Ordinary Resolution 1: 6,827,852 votes for and 1,234 against.
- Ordinary Resolution 2: 6,789,724 votes for and 39,362 against.
- Ordinary Resolution 3: 6,812,852 votes for and 6,234 against.
- Ordinary Resolution 4: 6,817,852 votes for and 1,234 against.
- Ordinary Resolution 5: 6,800,352 votes for and 18,734 against.
- Ordinary Resolution 6: 6,817,852 votes for and 1,234 against.
- Ordinary Resolution 7: 6,797,116 votes for and 31,970 against.
- Ordinary Resolution 8: 6,761,616 votes for and 57,470 against.
- Ordinary Resolution 9: 6,827,852 votes for and 1,234 against.
- Special Resolution 10: 6,761,616 votes for and 67,470 against.
This clear outcome of the AGM illustrates strong support from shareholders for the management's proposed direction and strategies.
Important Notes from the Meeting
Several key points arose during the AGM:
- A withheld vote is not counted in the final tally, which means only actual votes cast for or against the resolutions are considered.
- Proxy votes that provided discretion to the Chairman were counted within the votes for the resolutions.
- As of the end of the AGM, the total number of issued shares stood at 27,844,888, each carrying one vote.
Board Updates
The AGM also marked a noticeable transition within the Board. It was announced that David Livesley would not seek re-election and has officially stepped down from his position. His 21 years with the Board are recognized as remarkable, having greatly contributed to the growth and success of the Oxford Technology VCTs over the years.
Both the Board and the Investment Manager expressed their gratitude for his dedicated service and wished him a fulfilling retirement.
Company Contact Information
For any inquiries regarding this announcement or overall company operations, please contact:
Lucius Cary, Oxford Technology Management
Phone: 01865 784466
LEI: 2138002COY2EXJDHWB30
Frequently Asked Questions
What was the main outcome of the AGM?
All resolutions proposed were successfully passed with strong shareholder support.
How many shares were represented in the voting?
A total of 6,829,086 Ordinary Shares were represented, accounting for 24.5% of the issued share capital.
Who retired from the Board during the AGM?
David Livesley retired from the Board, concluding his 21 years of service.
What role did proxies play in the voting process?
Proxies represented shareholders who couldn't attend and their votes significantly contributed to the resolutions' outcomes.
How can shareholders contact the company for additional information?
Shareholders can reach out to Lucius Cary at Oxford Technology Management via phone at 01865 784466.
