AMATI AIM VCT PLC

AGM Information • Jun 5, 2020

National Storage Mechanism | Additional information

RNS Number : 1717P

Amati AIM VCT PLC

05 June 2020

Amati AIM VCT plc

Results of Annual General Meeting

At the Annual General Meeting of the Company held on Friday 5 June 2020 at 2.00pm, the following resolutions were duly passed.

Ordinary Resolutions

1.         To receive and adopt the Directors' Report and Financial Statements of the Company for the financial year ended 31 January 2020 together with the Independent Auditor's Report thereon.

2.         To approve the Directors' Remuneration Policy.

3.         To approve the Directors' Remuneration Report for the financial year ended 31 January 2020.

4.         To re-appoint BDO LLP of 150 Aldersgate Street, London, EC1A 4AB as auditor of the Company from the conclusion of the Meeting until the conclusion of the next annual general meeting of the Company to be held in 2021 at which financial statements are laid before the Company.

5.         To authorise the directors to fix the remuneration of the auditor.

6.         To re-elect Peter Lawrence as a director of the Company.

7.         To re-elect Susannah Nicklin as a director of the Company.

8.         To re-elect Julia Henderson as a director of the Company.

9.         To re-elect Brian Scouler as a director of the Company.

10.       THAT, in substitution for all subsisting authorities to the extent unused, the directors of the Company be and are hereby generally and unconditionally authorised in accordance with section 551 of the Companies Act 2006 (the "Act"), to exercise all the powers of the Company to allot and issue Ordinary Shares in the Company and to grant rights to subscribe for or to convert any security into shares in the Company ("Rights") up to an aggregate nominal value of £1,500,000, provided that:

(i)         the authority hereby conferred by this Resolution shall expire (unless previously renewed or revoked) on the earlier of the date of the annual general meeting of the Company to be held in 2021 and the date which is 15 months after the date on which this Resolution is passed;

(ii)        the directors may make an offer or agreement which would or might require Ordinary Shares to be allotted, or the Rights are granted, after the authorisation had expired; and

(iii)       the directors may allot Ordinary Shares, or grant Rights, under the authority conferred by this Resolution after authorisation has expired if the Ordinary Shares are allotted, or the Rights are granted, in pursuance of an offer or agreement made by the Company before the authorisation expired.

Special business

Ordinary Resolution

11.       THAT, in accordance with Article 174 of the articles of association of the Company, the continuation of the Company as a venture capital trust be approved.

Special Resolutions

12.       THAT, subject to the passing of Resolution 10 set out in the Notice of this Meeting and in substitution for any existing authorities, the directors be and hereby are empowered pursuant to sections 570 and 573 of the Act to allot or make offers or agreements to allot equity securities (which expression shall have the meaning ascribed to it in section 560 of the Act) for cash pursuant to the authority given in Resolution 10 set out in the Notice to this Meeting, or by way of sale of treasury shares, as if section 561(1) of the Act did not apply to any such allotment (that is, that the directors' authority to disapply pre-emption rights is

renewed), up to an aggregate nominal amount of £1,500,000. The authority hereby conferred by this Resolution shall expire (unless previously renewed or revoked) on the earlier of the date of the annual general meeting of the Company to be held in 2021 and the date which is 15 months after the date on which this Resolution is passed.

13.       THAT, in substitution for existing authorities, the Company be and is hereby empowered to make one or more market purchases within the meaning of Section 701 of the Act, of the Ordinary Shares (either for cancellation or for the retention of treasury shares for future re-issue or transfer) provided that:

(i)         the maximum aggregate number of Ordinary Shares authorised to be purchased is such number thereof being 14.99 per cent. of the issued ordinary share capital of the Company as at the date of this resolution;

(ii)        the minimum price which may be paid per Ordinary Share is 5 pence per share, the nominal amount thereof;

(iii)       the maximum price (exclusive of expenses) which may be paid per Ordinary Share is an amount equal to 105 per cent. of the average of the middle market quotation of such Ordinary Share taken from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which such Ordinary Share is to be purchased;

(iv)       the authority hereby conferred shall expire on the earlier of the annual general meeting of the Company to be held in 2021 and the date which is 15 months after the date on which this Resolution is passed; and

(v)        the Company may make a contract to purchase its own Ordinary Shares under the authority conferred by this Resolution prior to the expiry of such authority which will or may be executed wholly or partly after the expiration of such authority and may make a purchase of such Ordinary Shares pursuant to any such contract.

	Resolution	For & Discretionary	Against	Withheld
1.	Directors' Report and Financial Statements and Auditor's Report	7,413,505	14,336	25,927
2.	Directors' Remuneration Policy	7,019,192	202,879	231,697
3.	Directors' Remuneration Report	6,958,198	230,176	265,394
4.	Re-appoint BDO LLP as auditor	7,176,647	96,173	180,948
5.	Auditor remuneration	7,351,466	37,254	65,048
6.	Re-elect Peter Lawrence	7,208,127	84,006	161,635
7.	Re-elect Susannah Nicklin	7,270,618	40,572	142,578
8.	Re-elect Julia Henderson	7,244,983	66,794	141,991
9.	Re-elect Brian Scouler	7,244,306	50,881	158,581
10.	Allot shares	7,315,601	43,492	94,675
11.	Continuation of Company	7,410,955	32,501	10,312
12.	Authority to disapply pre-emption rights	7,110,641	264,156	78,971
13.	Share buyback authority	7,231,188	175,700	53,267

The Company intimated in its Notice of AGM dated 7 May 2020 that its manager Amati Global Investors Limited (the "Manager") would be making available a portfolio update from the Manager  to shareholders  along with interviews from a selection of the Company's portfolio holdings. The Company is pleased to announce that the presentations from the Manager along with interviews with six of the Company's portfolio investments are now available to view online on the Manager's website at   http://www.amatiglobal.com/videos.php?id=18 , along with an update on the Amati Guildhall Creative Entrepreneurs' Award.

For further information please email info@amatiglobal.com.

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