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topicnews · September 18, 2024

Correction of the results of the Annual General Meeting – 18.09.2024

Correction of the results of the Annual General Meeting – 18.09.2024

FORECAST TECHNOLOGY VCT PLC

(the company”)


Legal entity identification number: 21380013CXOR8N6OD977

Announcement of the results of the Annual General Meeting – Correction

The Board of Directors of the Company (“Plank”) is pleased to announce that all motions were approved by a show of hands at the Company’s Annual General Meeting on September 17, 2024. The voting result was as follows:

resolution Votes for
(including discretion) 		% Dissenting votes % Abstention

Resolution 1 – Receipt of the report and accounts for the financial year ending 31 March 2023.

944,217

100.00

0

0.00

0

Resolution 2 – Approval of the Directors’ Remuneration Policy

717,534

95.84

31,183

4.16

195,498

Resolution 3 – Approval of the Directors’ Remuneration Report.

915,663

97.01

28,249

2.99

303

Resolution 4 – Re-elect Ernie Richardson as Director.

944,215

100.00

0

0.00

0

Resolution 5 – Re-elect Tim Dowlen as Director.

918,404

97.27

25,811

2.73

0

Resolution 6 – Re-elect Carol Thompson as Director.

933,585

98.87

10,630

1.13

0

Resolution 7 – Reappointment of Deloitte LLP as auditor and authorisation of the directors to determine the auditor’s remuneration

741,616

78.54

202,599

21.46

0

Resolution 8 – Authority to allocate shares

943,912

100.00

0

0.00

303

Resolution 9 – Exclusion of subscription rights

734,131

98.15

13,804

1.85

196,280

Resolution No. 10 – Power to buy back own shares on the market

934,170

98.97

9,742

1.03

303

The Board is pleased that all resolutions were duly passed, but notes that the percentage of votes cast against Resolution 7 was over 20%. The Board is pleased that Resolution 7 was passed with the support of the majority of the Company’s shareholders. However, because the views of all of the Company’s shareholders are extremely important to the Board, it will be surveying investors on this resolution to better understand the reasons for their opposition. An update on this conversation will be provided within six months.

For further information please contact:
Company Secretary
Foresight Group LLP
Contact: Gary Fraser Tel: 0203 667 8181

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