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On 11 November 2026, PXN Growth VCT plc passed three ordinary resolutions and one special resolution at a General Meeting of the company. The approved resolutions authorise a fee payment to PXN Asset Management Limited, the adoption of a dividend reinvestment scheme, and the allotment of shares under the scheme up to an aggregate nominal value of £10,000 (representing approximately 10% of the issued share capital as at 9 October 2026). Each of the four resolutions passed with 397,293 votes in favour, 32,670 votes against, and zero abstentions.
| Date | 11 Nov 2026 |
| Time | 12:02:48 |
| Category | AGMs and other meetings |
| ID | 7571C |
PXN GROWTH VCT PLC
(the "Company")
Result of General Meeting
LEI: 9845004ZDC57AB064B97
PXN Growth VCT plc announces that at a General Meeting of the Company held at the offices of PXN Asset Management Limited, Level 8 Bauhaus, 27 Quay Street, Manchester, M3 3GY at 10 a.m. on 11 November 2026, the following Resolutions were duly passed.
Resolutions 1 to 3 were passed as ordinary resolutions and Resolution 4 was passed as a special resolution of the Company.
Ordinary Resolutions
1. That, the payment by the Company to PAML of the Initial Fee, such payment being pursuant to the Offer Agreement, details of which are set out on page 6 of the circular issued to the Company’s shareholders dated 12 October 2026, be approved.
2. That, pursuant to article 151 of the Company’s articles of association, the Company adopt a dividend reinvestment scheme on the terms and conditions as the Directors may determine and that the Directors be authorised to offer Shareholders the right to receive Ordinary Shares in the Company, credited as fully paid, instead of cash in respect of the whole of any dividend declared or paid in respect of their shareholding, in the period commencing on the date of this Resolution 2 being passed and ending at the conclusion of the Company’s next annual general meeting or 15 months from the date of the passing of this resolution, whichever is earlier (unless previously renewed, varied or revoked by the Company in general meeting).
3. That, subject to the passing of Resolution 2, and in accordance with section 551 of the Companies Act 2006 (the “Act”), the Directors of the Company be and are hereby generally and unconditionally authorised to exercise all powers of the Company to allot Ordinary Shares in the capital of the Company in connection with the dividend reinvestment scheme (described in Resolution 2) up to an aggregate nominal value of £10,000, representing approximately 10% of the issued share capital of the Company as at 9 October 2026, provided that this authority shall (unless renewed, varied or revoked by the Company in general meeting) expire at the conclusion of the next annual general meeting of the Company or 15 months from the date of the passing of this resolution, whichever is earlier, but so that the Company may, before such expiry, make offers or agreements which would or might require shares to be allotted after such expiry and the Directors may allot shares in pursuance of such offers or agreements as if the authority conferred hereby had not expired.
Special Resolution
4. That, subject to the passing of Resolution 3, and in accordance with sections 570 and 573 of the Act, the Directors be and are hereby empowered to allot equity securities (as defined in section 560 of the Act) for cash pursuant to the authority conferred by Resolution 3 as if section 561(1) of the Act did not apply to any such allotment, provided that this authority shall be limited to the allotment of equity securities pursuant to Resolution 3, and shall expire at the conclusion of the next annual general meeting of the Company or 15 months from the date of the passing of this resolution, whichever is earlier, save that the Company may, before such expiry, make offers or agreements which would or might require equity securities to be allotted after such expiry and the Directors may allot equity securities in pursuance of such offers or agreements as if the power conferred hereby had not expired.
All resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
|
|
FOR |
AGAINST |
ABSTAIN |
|
Ordinary Resolution 1 |
397,293 |
32,670 |
0 |
|
Ordinary Resolution 2 |
397,293 |
32,670 |
0 |
|
Ordinary Resolution 3 |
397,293 |
32,670 |
0 |
|
Special Resolution 4 |
397,293 |
32,670 |
0 |
For further information, please contact:
Jon Prescott
PXN Group Ltd