NEW CENT. AIM VCT 2: Response to Response to shareholder request to convene a General Meeting
28 Janvier 2022 - 1:22PM
UK Regulatory
TIDMNCA2
New Century AIM VCT 2 Plc
Shareholder request for a general meeting
New Century AIM VCT 2 Plc (the "Company") announces that the
board of directors (the "Board") recently received a letter from a
shareholder calling for the resignations of Geoffrey Gamble, Simon
Like, Ian Cameron and Peter Riley from the Board on the grounds
that, following the general meeting of the Company held on 9
December 2021 at which a special resolution to voluntarily wind up
the Company was not passed, the Board, with the exception of
Michael Barnard, no longer represents the wishes of the majority of
the Company's shareholders. The letter also stated that should
those directors not resign, the shareholder would take steps to
convene a general meeting for the purposes of tabling ordinary
resolutions to remove the aforementioned directors from the
Board.
The aforementioned directors categorically reject any suggestion
that they have not always acted in the best interests of the
shareholders as a whole, have refused this request to resign and
will contest any vote which seeks to remove them from office.
The Board, with the exception of Michael Barnard, believe it is
in the best interests of all shareholders to respect the result of
the December 2021 general meeting as the Company is currently the
best performing AIM Venture Capital Trust over 1 year by share
price performance and the best performing AIM Venture Capital Trust
by Net Asset Value over 1 year and 3 years with a mature portfolio
that has enabled the Company to pay tax free dividends to its
shareholders.
The Company also announces that yesterday the Board received a
letter from the same shareholder and Michael Barnard, a director
and shareholder of the Company, requesting that the Board convene a
general meeting under s303 Companies Act 2006 for the purpose of
tabling ordinary resolutions to remove Geoffrey Gamble, Simon Like,
Ian Cameron and Peter Riley from the Board.
The Board will call a general meeting of the Company pursuant to
the requirements of s304 Companies Act 2006 within 21 days of the
receipt of the letter.
For more information, contact:
New Century AIM VCT 2 Plc
Tricor Secretaries Ltd, Company Secretary Tel: 020 3216 2000
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20220128005254/en/
CONTACT:
New Cent. Aim Vct 2
SOURCE: New Cent. Aim Vct 2
Copyright Business Wire 2022
(END) Dow Jones Newswires
January 28, 2022 07:22 ET (12:22 GMT)
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