TRIPLE POINT VCT 2011 PLC — AGM Information 2021

Jul 12, 2021

National Storage Mechanism | Additional information

RNS Number : 9749E

Triple Point VCT 2011 PLC

12 July 2021

12 July 2021

Triple Point VCT 2011 plc

(the "Company")

RESULT OF ANNUAL GENERAL MEETING

The Board of Triple Point VCT 2011 plc announces that at the Company's Annual General Meeting held today, with the exception of resolution 8 which failed to carry, all other resolutions were passed by shareholders. All resolutions were voted on by way of a poll.

The Board acknowledge that resolution 8 failed to carry due to an insufficient number of votes cast. The Company's articles of association required at least 25% of issued share capital to be voted to pass the resolution. Nevertheless, the Board note that, of the votes cast, over 98% of votes in respect of the resolution were in favour. The Board will now consider what actions, if any, should be taken in respect of the B Share Class assets, and provide shareholders with an update in due course.

Resolutions 1 to 8 (inclusive) were proposed as ordinary resolutions and resolutions 9 to 11 (inclusive) were proposed as special resolutions. The results of the poll were as follows:

Resolution		Votes For	%	Votes Against	%	Total votes validly cast	Total votes cast as % of issued share capital	Votes Withheld*
1	To receive and adopt the Annual Report and Accounts of the Company for the year ended 28 February 2021.	3,800,534	100.00	0	0.00	3,800,534	10.14	749,821
2	To approve the Directors' Remuneration Report.	3,660,905	98.43	58,349	1.57	3,719,254	9.92	831,101
3	To re-elect Jane Owen as a Director.	3,723,131	99.39	22,823	0.61	3,745,954	9.99	804,401
4	To re-elect Timothy Clarke as a Director.	3,715,153	99.18	30,801	0.82	3,745,954	9.99	804,401
5	To re-elect Chad Murrin as a Director.	3,715,153	99.18	30,801	0.82	3,745,954	9.99	804,401
6	To re-appoint BDO LLP as Auditors of the Company and to authorise the Audit Committee to determine the Auditor's remuneration.	3,739,689	99.83	6,265	0.17	3,745,954	9.99	804,401
7	To authorise the Directors to allot shares.	3,731,461	99.47	19,699	0.53	3,751,160	10.01	799,195
8	To divest of the remaining B Share Class assets with the ultimate intention to wind-down and cancel the B Share Class.	4,500,981	98.91	49,374	1.09	4,550,355	12.14	0
9	To disapply pre-emption rights.	3,534,713	98.65	48,505	1.35	3,583,218	9.56	967,137
10	To authorise the Company to purchase its own shares.	3,603,760	96.35	136,470	3.65	3,740,230	9.98	810,125
11	To authorise the calling of general meetings, other than an annual general meeting, on not less than 14 clear days' notice.	3,634,180	97.01	112,105	2.99	3,746,285	9.99	804,070

*A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.

Every shareholder has one vote for every share held. As at 12 July 2021, the Company's issued share capital comprised of 9,777,285 A Ordinary Shares of 1p each, 6,758,795 B Ordinary Shares of 1p each and 20,953,339 Venture Shares of 1p each. Each A Ordinary, B Ordinary and Venture Share carries the right to one vote at a general meeting of the Company and therefore the total number of voting rights is 37,489,419.

The full text of all the resolutions can be found in the Notice of Annual General Meeting dated 26 May 2021, a copy of which is available on the Company's website at https://www.triplepoint.co.uk/current-vcts/triple-point-vct-2011-plc/s2539/. 

In accordance with Listing Rule 9.6.2 copies of all the 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 FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

Triple Point Investment Management LLP   (Investment Manager)	Tel: 020 7201 8989
Ian McLennan    Belinda Thomas

The Company's LEI is 213800AOOAQA5XQDEA89

Further information on the Company can be found on its website https://www.triplepoint.co.uk/current-vcts/triple-point-vct-2011-plc/s2539/.

NOTES:

The Company is a Venture Capital Trust incorporated in July 2010. The Investment Manager is Triple Point Investment Management LLP. The Company was established to fund small and medium sized enterprises (SMEs). The Company launched a new share class, known as The Venture Fund, in March 2019 which is mandated to invest in SMEs producing products or digital services that solve challenges faced by their larger corporate customers.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

RAGDKBBPQBKDAOD