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Calculus VCT PLC held its Annual General Meeting on 22 August 2024, where all resolutions were passed by shareholders on a show of hands. These resolutions included amending the Manager's performance incentive fee to 10% and introducing a co-investment syndicate structure. Directors were also authorised to allot shares for cash, make market purchases of company shares, hold general meetings on 14 clear days' notice, and apply for the cancellation of share premium and capital redemption reserve accounts.
| Date | 22 Aug 2024 |
| Time | 16:27:49 |
| Category | AGMs and other meetings |
| ID | 4826B |
22 August 2024
CALCULUS VCT PLC
RESULTS OF ANNUAL GENERAL MEETING
The Company is pleased to announce that at the Annual General Meeting held today all resolutions were passed on a show of hands, including the following resolutions 12 to 16:
Resolution 12 (ordinary resolution): To amend the rate of performance incentive fee charged by the Manager to 10% and introduce the co-investment syndicate structure to the Manager as set out in the Circular dated 11 July 2024
Resolution 13 (special resolution): To authorise the Directors to allot shares for cash pursuant to Sections 570 of the Companies Act 2006
Resolution 14 (special resolution): To authorise the Directors to make market purchases of the Company's own shares.
Resolution 15 (special resolution): To hold general meetings (other than annual general meetings) on 14 clear days' notice.
Resolution 16 (special resolution): To authorize the Directors to apply for the share premium and capital redemption reserve accounts to be cancelled.
The proxy votes received on each resolution were as follows:
|
|
For |
At the Chairman's Discretion |
Against |
Withheld |
|
Resolution 1 |
777,237 |
1,892 |
23,034 |
- |
|
Resolution 2 |
774,819 |
1,892 |
25,452 |
- |
|
Resolution 3 |
774,819 |
1,892 |
25,452 |
- |
|
Resolution 4 |
778,493 |
636 |
23,034 |
- |
|
Resolution 5 |
727,569 |
1,892 |
72,702 |
- |
|
Resolution 6 |
776,819 |
1,892 |
23,452 |
- |
|
Resolution 7 |
770,897 |
7,814 |
23,452 |
- |
|
Resolution 8 |
777,237 |
1,892 |
23,034 |
- |
|
Resolution 9 |
777,237 |
1,892 |
23,034 |
- |
|
Resolution 10 |
777,237 |
1,892 |
23,034 |
- |
|
Resolution 11 |
776,819 |
1,892 |
23,452 |
- |
|
Resolution 12 |
785,073 |
1,892 |
2,000 |
13,198 |
|
Resolution 13 |
725,987 |
1,892 |
74,284 |
- |
|
Resolution 14 |
801,109 |
636 |
418 |
- |
|
Resolution 15 |
786,389 |
636 |
15,138 |
- |
|
Resolution 16 |
799,853 |
1,892 |
418 |
- |
A copy of the full text of Resolutions 13 to 16 will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
The Circular dated 11 July 2024 was previously submitted to the National Storage Mechanism and is also available on the Company's website https://calculuscapital.com/vct-annual-general-meeting-2024/
Calculus Capital Limited
Company Secretary