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Baronsmead Venture Trust Plc (BVT) held its Annual General Meeting on March 19, 2026, where shareholders passed all thirteen resolutions on a poll. This included the declaration of a final dividend of 2.00 pence per share. Additionally, David Melvin and Mandeep Singh were elected as Directors, Fiona Miller Smith and Michael Probin were re-elected as Directors, and BDO LLP was re-appointed as the independent Auditor.
| Date | 20 Mar 2026 |
| Time | 07:00:08 |
| Category | AGMs and other meetings |
| ID | 4195X |
20 March 2026
Baronsmead Venture Trust Plc
("BVT" or the "Company")
Result of the 2026 Annual General Meeting
BVT is pleased to announce that, at the Annual General Meeting held on 19 March 2026, all resolutions set out in the Notice of Meeting were passed. All resolutions were voted on a poll, and the results of the poll for each resolution were:
|
Resolutions |
Votes For (No. of shares) |
For (%) |
Votes Against (No. of shares) |
Against (%) |
Votes Withheld (No. of shares) |
Total Votes |
% of Issued Share Capital voted |
|
Resolution 1 To receive and adopt the accounts for the year ended 30 September 2025 |
22,980,758 |
98.40 |
374,796 |
1.60 |
34,894
|
23,355,554 |
5.40% |
|
Resolution 2 To declare a final dividend of 2.00 pence per share |
23,251,127 |
99.43 |
133,504 |
0.57 |
5,817
|
23,384,631 |
5.40% |
|
Resolution 3 To receive and approve Directors' Remuneration Report for the year ended 30 September 2025 |
21,885,006 |
95.69 |
986,123 |
4.31
|
519,319
|
22,871,129 |
5.28% |
|
Resolution 4 To elect David Melvin as a Director |
22,744,568 |
98.06 |
449,440 |
1.94
|
196,440
|
23,194,008 |
5.36% |
|
Resolution 5 To elect Mandeep Singh as a Director |
22,557,682 |
97.23 |
642,347 |
2.77
|
190,419
|
23,200,029 |
5.36% |
|
Resolution 6 To re-elect Fiona Miller Smith as a Director |
22,293,441 |
96.15 |
893,106 |
3.85
|
203,901
|
23,186,547 |
5.36% |
|
Resolution 7 To re-elect Michael Probin as a Director |
22,239,903 |
97.11 |
662,010 |
2.89
|
488,535
|
22,901,913 |
5.29% |
|
Resolution 8 To re-appoint BDO LLP as the independent Auditor |
22,566,658 |
98.30 |
389,987 |
1.70
|
433,803
|
22,956,645 |
5.30% |
|
Resolution 9 To authorise the Audit & Risk Committee to determine the remuneration of the independent Auditor |
23,197,380 |
99.55 |
104,361 |
0.45
|
88,707 |
23,301,741 |
5.38% |
|
Resolution 10 To authorise the Directors to allot ordinary shares |
22,864,084 |
98.59 |
328,931 |
1.42
|
197,433 |
23,193,015 |
5.36% |
|
Resolution 11 To authorise the Directors to disapply pre-emption rights |
21,992,871 |
95.62 |
1,007,722 |
4.38
|
389,855 |
23,000,593 |
5.31% |
|
Resolution 12 To approve the purchase of the Company's own shares |
23,017,779 |
98.89 |
259,093 |
1.11
|
113,576 |
23,276,872 |
5.38% |
|
Resolution 13 That a general meeting may be called on not less than 14 clear days' notice |
22,191,819 |
96.87 |
717,953 |
3.13
|
480,676 |
22,909,772 |
5.29% |
|
NOTES:
|
|
|
|
|
|
1. |
All resolutions were passed. |
|
2. |
Proxy appointments which gave discretion to the Chair of the AGM have been included in the "For" total for the appropriate resolution. |
|
3. |
Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution. |
|
4. |
A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution. |
|
5. |
The number of shares carrying voting rights on 19 March 2026 was 432,782,530 ordinary shares, carrying one vote each. |
|
6. |
The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at https://greshamhouse.com/strategic-equity/private-equity/baronsmead-vcts/baronsmead-venture-trust-plc/ |
|
7. |
A copy of resolutions 10 to 13 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism |
For further information please contact:
Baronsmead VCT Investor Relations
020 7382 0999
baronsmeadvcts@greshamhouse.com
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