Chrysalis VCT plc is pleased to announce the results of the Annual General Meeting, held at 11:30am today, at which all resolutions were passed.
Details of the proxy votes in respect of the resolutions passed at the Annual General Meeting received as at 11:30am on 11 February 2020, 48 hours before the time of the meeting (excluding weekends), at Downing LLP are set out below:
For
Discretionary
Against
Withheld
Resolution No.
No. of
No. of
No. of
Total
No. of Votes
Votes
Votes
Votes
Votes Cast
% of votes
% of votes
% of votes
% of votes
1
2,450,548
18,824
-
2,469,372
-
99.24%
0.76%
0.00%
100%
2
2,081,329
18,824
329,701
2,429,854
39,518
85.66%
0.77%
13.57%
100%
3
2,450,548
18,824
-
2,469,372
-
99.24%
0.76%
0.00%
100.0%
4
2,158,995
18,824
275,084
2,452,903
16,469
88.02%
0.77%
11.21%
100%
5
2,390,571
18,824
27,728
2,437,123
32,249
98.09%
0.77%
1.14%
100%
6
2,142,923
18,824
31,958
2,193,705
275,667
97.69%
0.86%
1.46%
100%
7
1,932,052
43,268
483,887
2,459,207
10,165
78.56%
1.76%
19.68%
100%
A copy of the resolutions passed will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.
Chrysalis VCT plc is a venture capital trust (VCT). The Company's principal investment objectives are to achieve long term capital growth and generate tax-free income for its shareholders principally from private equity and alternative investment market (AIM) investments, and comply with the VCT regulations to enable shareholders to retain the initial income tax relief and ongoing tax reliefs. The Company focuses on holding a portfolio of venture capital investments, consisting of unquoted companies, but also, including a proportion of investments in companies trading on AIM. The Company invests in companies across a range of sectors, to fund expansion, acquisitions, management buyouts or turn around opportunities. The Company focuses on holding over 70% of its investments in a portfolio of VCT-qualifying companies. The Company focuses on holding a portfolio consisting of bonds issued by companies and institutions. The Company's investment manager is Chrysalis VCT Management Limited.