Northern Venture Trust PLC (“the Company”) announces that at the annual general meeting held on 15 January 2021 all of the resolutions set out in the notice of meeting were duly passed by shareholders.
The resolutions included those to re-elect as directors Mr Simon Constantine, Mr Nigel Beer, Mr Richard Green, Mr David Mayes, Mr Hugh Younger and Mr Tim Levett.
In accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, a copy of the resolutions proposed and passed has been submitted to the National Storage Mechanism and will also available on the NVM Private Equity website at: www.nvm.co.uk/investor-area/vcts/nvt/
Details of proxy voting on the resolutions put to shareholders at the annual general meeting are as follows:
Number
Resolution
For
Discretionary
Against
Vote withheld
1
To receive and approve the annual accounts and financial statements for the year ended 30 September 2020 together with the directors’ and independent auditor’s reports thereon
11,453,054
356,018
2,706
0
2
To approve and declare a final dividend of 2.5p per share in respect of the year ended 30 September 2020
11,510,782
295,996
5,000
0
3
To approve the Directors’ remuneration report in respect of the year ended 30 September 2020
10,360,606
356,018
434,822
660,332
4
To re-elect as a director Mr S J Constantine
10,630,617
362,788
369,271
449,102
5
To re-elect as a director Mr N J Beer
10,954,987
355,627
207,054
294,110
6
To re-elect as a director Mr R J Green
10,998,721
355,627
163,320
294,110
7
To re-elect as a director Mr T R Levett
10,817,350
355,627
343,490
295,311
8
To re-elect as a director Mr D A Mayes
11,028,882
355,627
65,828
361,441
9
To re-elect as a director Mr H P Younger
10,880,370
355,627
220,365
355,416
10
To appoint Mazars LLP as independent auditor of the Company
10,522,326
353,319
638,897
297,236
11
To authorise the audit committee to fix the remuneration of the independent auditor
11,366,068
353,319
30,104
62,287
12
To authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006
11,304,500
371,313
40,487
95,478
13
To disapply Section 561 of the Companies Act 2006 in relation to certain allotments of equity securities and the sale of treasury shares
10,993,716
338,132
388,230
91,700
14
To authorise the Company to make market purchases of shares in accordance with Section 701 of the Companies Act 2006
Neither the contents of the NVM Private Equity LLP or the Mercia Asset Management PLC website, nor the contents of any website accessible from hyperlinks on the NVM Private Equity LLP or Mercia Asset Management PLC website (or any other website), is incorporated into, or forms part of, this announcement.
Northern Venture Trust PLC is a United Kingdom-based venture capital trust (VCT). The Company's principal activity is making of long-term equity and loan investments, mainly in unquoted companies. The Companyâs objective is to provide high long-term tax-free returns to investors through a combination of dividend yield and capital growth by investing primarily in unquoted United Kingdom manufacturing, service and technology businesses. The Company invests mainly in unquoted venture capital holdings, with its remaining assets invested in a portfolio of equity investments, quoted investment funds and bank deposits. The Company primarily invests in various sectors, including software/electronics, consumer, industrial/manufacturing, services, healthcare/biotechnology and others. Its investment adviser is Mercia Fund Management Limited.
NORTHERN VENTURE TRUST PLC 
