GFV Guin.Flght Vct

 

TIDMGFV TIDMGTW 
 
RNS Number : 1764Y 
Guinness Flight Venture Cap Tst PLC 
28 August 2009 
 

Guinness Flight Venture Capital Trust PLC 
 
 
Annual General Meeting and General Meeting Results 
 
 
27 August 2009 
 
 
The board of Guinness Flight Venture Capital Trust PLC ("the Company") announces 
that at the Annual General Meeting of the Company held on 27 August 2009, all of 
the resolutions proposed as set out in the Notice of Annual General Meeting 
contained in the Annual Report and Accounts of the Company for the year ended 28 
February 2009, namely: 
 
 
Resolution 1 to receive the Directors' Report and audited Financial Statements 
for the year ended 28 February 2009; 
 
 
Resolution 2 to approve the Directors' Remuneration Report; 
 
 
Resolution 3 to re-elect Mr D Liddell as a Director; 
 
 
Resolution 4 to re-elect Mr J Stewart as a Director; 
 
 
Resolution 5 to re-elect Mr R F Pierce as a Director; 
 
 
Resolution 6 to re-appoint Delloite LLP as Auditors; 
 
 
Resolution 7 to authorise the Directors to fix the remuneration of the Auditors; 
and 
 
 
Resolution 8 to renew buy-back authorities 
 
 
were duly passed. 
 
 
Details of the proxy votes in respect of the resolutions passed at the Annual 
General Meeting received are set out below: 
+-------------------+-------------------+-------------------+-------------------+ 
| Votes             | Resolution 1      | Resolution 2      | Resolution 3      | 
|                   | Number of Votes   | Number of Votes   | Number of Votes   | 
+-------------------+-------------------+-------------------+-------------------+ 
|                   |                   |                   |                   | 
+-------------------+-------------------+-------------------+-------------------+ 
| For               | 4,695,525         | 3,751,622         | 4,457,559         | 
|                   | (94.00%)          | (77.99%)          | (90.42%)          | 
+-------------------+-------------------+-------------------+-------------------+ 
| Discretionary     | 193,690 (3.88%)   | 188,433 (3.92%)   | 185,690 (3.77%)   | 
+-------------------+-------------------+-------------------+-------------------+ 
| Against           | 105,717 (2.12%)   | 870,262 (18.09%)  | 286,418 (5.81%)   | 
+-------------------+-------------------+-------------------+-------------------+ 
| Withheld          | 47,743 (-)        | 232,358 (-)       | 113,008 (-)       | 
+-------------------+-------------------+-------------------+-------------------+ 
|                   |                   |                   |                   | 
+-------------------+-------------------+-------------------+-------------------+ 
| Votes             | Resolution 4      | Resolution 5      | Resolution 6      | 
|                   | Number of Votes   | Number of Votes   | Number of Votes   | 
+-------------------+-------------------+-------------------+-------------------+ 
|                   |                   |                   |                   | 
+-------------------+-------------------+-------------------+-------------------+ 
| For               | 4,443,559         | 4,479,858         | 4,689,480         | 
|                   | (90.33%)          | (91.56%)          | (94.25%)          | 
+-------------------+-------------------+-------------------+-------------------+ 
| Discretionary     | 185,690 (3.77%)   | 185,690 (3.80%)   | 191,177 (3.84%)   | 
+-------------------+-------------------+-------------------+-------------------+ 
| Against           | 290,418 (5.90%)   | 227,119 (4.64%)   | 94,873 (1.91%)    | 
+-------------------+-------------------+-------------------+-------------------+ 
| Withheld          | 123,008 (-)       | 150,008 (-)       | 67,145 (-)        | 
+-------------------+-------------------+-------------------+-------------------+ 
 
+-------------------+-------------------+-------------------+ 
|                   |                   |                   | 
+-------------------+-------------------+-------------------+ 
| Votes             | Resolution 7      | Resolution 8      | 
|                   | Number of Votes   | Number of Votes   | 
+-------------------+-------------------+-------------------+ 
|                   |                   |                   | 
+-------------------+-------------------+-------------------+ 
| For               | 4,646,513         | 3,958,963         | 
|                   | (93.71%)          | (79.16%)          | 
+-------------------+-------------------+-------------------+ 
| Discretionary     | 268,274 (5.41%)   | 274,274 (5.48%)   | 
+-------------------+-------------------+-------------------+ 
| Against           | 43.658 (0.88%)    | 768,037 (15.36%)  | 
+-------------------+-------------------+-------------------+ 
| Withheld          | 84,230 (-)        | 41,401 (-)        | 
+-------------------+-------------------+-------------------+ 
 
 
In total 5,042,675 proxy votes were cast representing 18.58% of the issued share 
capital of the Company. 
 
 
The board of the Company further announces that at the subsequent General 
Meeting of the Company held on 27 August 2009, the resolutions proposed in 
connection with the proposed merger with Gateway VCT plc ("Gateway VCT") (to be 
completed by way of a scheme of reconstruction of Gateway VCT pursuant to 
Section 110 of the Insolvency Act 1986 ("Scheme") as follows were duly passed. 
 
 
Resolution 1 which was a composite resolution to: (i) approve the acquisition of 
the assets and liabilities of Gateway VCT pursuant to the Scheme; (ii) authorise 
the issue of the new shares in connection with the Scheme; (iii) amend the 
Articles of Association and (iv) change the name of the Company to Ortus VCT 
plc; 
 
 
Resolution 2 to renew share allotment and buy-back authorities; and 
 
 
Resolution 3 to approve the cancellation of the share premium account 
 
 
Details of the proxy votes in respect of the resolutions passed at the 
Extraordinary General Meeting received are set out below: 
+-------------------+-------------------+-------------------+-------------------+ 
| Votes             | Resolution 1      | Resolution 2      | Resolution 3      | 
|                   | Number of Votes   | Number of Votes   | Number of Votes   | 
+-------------------+-------------------+-------------------+-------------------+ 
|                   |                   |                   |                   | 
+-------------------+-------------------+-------------------+-------------------+ 
| For               | 5,543,417         | 4,852,267         | 5,437,992         | 
|                   | (93.67%)          | (82.44%)          | (92.56%)          | 
+-------------------+-------------------+-------------------+-------------------+ 
| Discretionary     | 250,039 (4.23%)   | 275,904 (4.69%)   | 360,464 (6.14%)   | 
+-------------------+-------------------+-------------------+-------------------+ 
| Against           | 124,231 (2.10%)   | 757,516 (12.87%)  | 76,658 (1.30%)    | 
+-------------------+-------------------+-------------------+-------------------+ 
| Withheld          | 7,000 (-)         | 39,000 (-)        | 49,573 (-)        | 
+-------------------+-------------------+-------------------+-------------------+ 
A copy of the resolutions passed at both the Annual General Meeting and the 
General Meeting will be submitted to the UK Listing Authority and will shortly 
be available for inspection at the UK Listing Authority's Document Viewing 
Facility, which is situated at: 
 
 
Financial Services Authority 
25 The North Colonnade 
Canary Wharf 
London 
E14 5HS 
 
 
Telephone: 020 7066 1000 
 
 
 
 
 
 
For further enquiries please contact: 
 
 
Rosemary O'Neil of Maven Capital Partners UK LLP 
Company Secretary 
 
 
Telephone: 0141 306 7553 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 REGSEESAASUSEEA 
 

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