BARONSMEAD SECOND VENTURE TRUST PLC

AGM Information • Feb 1, 2023

National Storage Mechanism | Additional information

RNS Number : 6370O

Baronsmead Second Venture Trust PLC

01 February 2023

1 February 2023

Baronsmead Second Venture Trust Plc

("BSVT" or the "Company")

Result of the 2023 Annual General Meeting

BSVT is pleased to announce that, at the Annual General Meeting held today, all resolutions were passed on a poll, including the following resolutions:

Resolution 11 (ordinary resolution): To authorise the Directors to allot shares pursuant to section 551 of the Companies Act 2006.

Resolution 12 (special resolution): To authorise the Directors to allot shares for cash pursuant to sections 570 and 573 of the Companies Act 2006 otherwise than in accordance with statutory pre-emption rights.

Resolution 13 (special resolution): To authorise the Directors to make market purchases of the Company's own shares.

Resolution 14 (special resolution): To authorise the Directors to convene a general meeting, other than annual general meetings, on not less than 14 clear days' notice.

The results of the poll for each resolution were as follows:

Resolutions	Votes For	For (%)	Votes Against	Against (%)	Votes Withheld*	Total Votes	% of Issued Share Capital voted
Resolution 1 To receive and adopt the accounts for the year ended 30 September 2022	13,461,240	98.67	181,128	1.33	46,604	13,642,368	4.19
Resolution 2 To declare a final dividend of 3.0 pence per share	13,531,392	98.95	143,208	1.05	0	13,674,600	4.20
Resolution 3 To receive and approve Directors' Remuneration Report for the year ended 30 September 2022	12,063,433	89.78	1,373,455	10.22	252,084	13,436,888	4.13
Resolution 4 To approve Directors' Remuneration Policy	12,104,133	90.38	1,287,708	9.62	297,131	13,391,841	4.11
Resolution 5 Re-election of Sarah Fromson	12,918,541	96.33	492,087	3.67	278,344	13,410,628	4.12
Resolution 6 Re-election of Malcolm Groat	12,793,736	95.41	615,130	4.59	280,106	13,408,866	4.12
Resolution 7 Re-election of Tim Farazmand	12,919,474	96.47	473,435	3.53	296,063	13,392,909	4.11
Resolution 8 Re-lection of Graham McDonald	13,015,105	97.06	393,761	2.94	280,106	13,408,866	4.12
Resolution 9 To re-appoint BDO LLP as independent auditors	12,897,136	94.82	704,310	5.18	67,441	13,601,446	4.18
Resolution 10 Authorise the Directors to determine the remuneration of the independent auditors	13,201,669	97.12	391,253	2.88	96,050	13,592,922	4.17
Resolution 11 Authority to allot shares	13,414,964	98.07	263,324	1.93	10,684	13,678,288	4.20
Resolution 12 Disapplication of pre-emption rights	12,768,980	93.54	881,530	6.46	38,462	13,650,510	4.19
Resolution 13 Market purchases of own shares	13,380,268	98.00	273,566	2.00	35,138	13,653,834	4.19
Resolution 14 General meeting called on not less than 14 clear days' notice	12,440,156	91.49	1,156,587	8.51	92,229	13,596,743	4.18

** Votes withheld are not a vote in law and are therefore not counted in the calculation of the percentages of the votes cast for and against a resolution.

A copy of the full text of resolutions 11 to 14 will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

For further information please contact:

Baronsmead VCT Investor Relations

020 3875 9862

baronsmeadvcts@greshamhouse.com

LEI 2138008D3WUMF6TW8C28

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