Thames Ventures VCT 1 PLC Annual General Meeting Results
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Overview of AGM Results for Thames Ventures VCT 1 PLC
Thames Ventures VCT 1 PLC, known for its commitment to shareholder engagement, is excited to share the results of its recent Annual General Meeting (AGM). The Board is pleased to report that all resolutions proposed during the meeting were successfully passed, underscoring strong support from the shareholders.
Voting Highlights from the AGM
The voting results revealed a significant consensus among shareholders, as all twelve resolutions were approved through a clear show of hands. Here’s a breakdown of the key resolutions voted on:
Approval of Financial Reports
The first resolution, which involved the approval of the Report and Accounts for the year ended 31 March 2024, received overwhelming approval, with 97.86% of the votes in favor. Only a small fraction, 1.49%, registered against it, demonstrating shareholders' confidence in the Company’s financial health.
Director Remuneration Matters
Further resolutions concerning the Directors' Remuneration Report and Policy also saw positive outcomes. The vote to approve the Directors' Remuneration Report garnered an 88.98% approval rate, while the Directors' Remuneration Policy was accepted with 88.48%. This reflects a strong endorsement of the governance practices upheld by Thames Ventures VCT 1 PLC.
Appointment and Re-Elections of Directors
In matters concerning the board, shareholders were in favor of re-appointing BDO LLP as the Company’s auditor and authorizing the Directors to determine the auditor’s remuneration. This particular resolution achieved a 93.75% approval rate.
Additionally, resolutions to re-elect current Directors, Chris Allner and Barry Dean, were similarly met with robust support, each receiving over 90% of votes in favor. This indicates both trust and satisfaction in the leadership guiding the Company.
Shareholder Engagement and Future Directives
As the meeting proceeded, additional resolutions such as granting authority to allot shares and disapplication of pre-emption rights were discussed. These initiatives aim to equip the Company for future opportunities while maintaining flexibility in capital management. Notably, the resolution for market purchases of own shares was endorsed by over 96% of the voting shareholders.
Looking Ahead
The outcomes of the AGM not only echo the support from shareholders but also set a positive trajectory for Thames Ventures VCT 1 PLC's future. The strong approval of strategic directions reflects the shared vision between the Board and its stakeholders.
For any further inquiries or details about the AGM outcomes, interested parties are encouraged to reach out to the Company Secretary.
Frequently Asked Questions
What were the main outcomes of the AGM for Thames Ventures VCT 1 PLC?
All resolutions proposed during the AGM were successfully passed, indicating strong shareholder support.
How did shareholders respond to the financial reports?
The financial reports for the year ending March 2024 received 97.86% approval from shareholders.
What is the significance of the Director remuneration resolutions?
These resolutions signify the shareholders' trust in the governance and compensation practices of Thames Ventures VCT 1 PLC.
Were there any notable approvals regarding the Board of Directors?
Yes, Directors Chris Allner and Barry Dean were re-elected with over 90% approval in their favor.
Who can be contacted for more information regarding the AGM?
For inquiries, contact Stephen Thayer at Foresight Group LLP at 0203 667 8100 or Andrew James at 0203 667 8181.
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