Result of AGM
5 AUGUST 2025
NORTHERN VENTURE TRUST PLC
RESULT OF ANNUAL GENERAL MEETING
Northern Venture Trust PLC (“the Company”) announces that at the Annual General Meeting held on 5 August 2025 all of the resolutions set out in the notice of the meeting were duly passed by shareholders.
The resolutions included those to re-elect as directors Deborah Hudson and Brigid Sutcliffe and to elect as a director John E Milad who was appointed to the Board on 21 August 2024.
David Mayes did not stand for re-election at the AGM and has retired as a director of the Company at the conclusion of the AGM.
A copy of the resolutions proposed and passed has been submitted to the National Storage Mechanism and will also be available from: www.mercia.co.uk/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 Company’s annual report and financial statements for the year ended 31 March 2025 together with the strategic report, Directors’ report and independent auditor’s report thereon. | 9,958,604 | 433,863 | 114,436 | 109,704 |
| 2 | To approve and declare a final dividend of 1.5p per share in respect of the year ended 31 March 2025 | 9,952,514 | 392,373 | 137,406 | 134,314 |
| 3 | To approve the Directors’ remuneration report in respect of the year ended 31 March 2025 other than the part of such report containing the Director’ remuneration policy | 8,751,594 | 588,324 | 745,632 | 531,057 |
| 4 | To re-elect Ms D N Hudson as a Director | 9,492,273 | 569,390 | 315,733 | 239,211 |
| 5 | To re-elect Ms B A Sutcliffe as a Director | 9,242,416 | 516,478 | 506,300 | 351,413 |
| 6 | To elect Mr J E Milad as a Director | 9,150,805 | 512,666 | 621,054 | 332,082 |
| 7 | To appoint Johnston Carmichael LLP as independent auditor | 9,849,688 | 492,907 | 130,345 | 143,667 |
| 8 | To authorise the Audit & Risk Committee to fix the remuneration of the independent auditor | 9,830,516 | 539,942 | 136,445 | 109,704 |
| 9 | To authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006 for the purposes of the Offer | 9,441,755 | 586,142 | 422,853 | 165,857 |
| 10 | To generally authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006 | 9,643,990 | 578,339 | 209,778 | 184,500 |
| 11 | To disapply Section 561(1) of the Companies Act 2006 in relation to certain allotments of equity securities for the purposes of the Offer | 9,069,154 | 656,809 | 639,401 | 251,243 |
| 12 | To disapply Section 561(1)of the Companies Act 2006 in relation to certain other allotments of equity securities | 8,931,381 | 776,276 | 657,707 | 251,243 |
| 13 | To authorise the Company to make market purchases of ordinary shares in accordance with Section 701 of the Companies Act 2006 | 9,776,730 | 539,942 | 138,736 | 161,199 |
| 14 | To adopt the new articles of association produced to the AGM | 9,150,715 | 634,263 | 335,538 | 496,091 |
| 15 | To cancel the share premium account and credit the amount so cancelled to a special reserve of the Company | 9,647,611 | 598,985 | 126,384 | 243,627 |
Enquiries:
Sarah Williams / James Sly, Mercia Fund Management Limited - 0330 223 1430
Website: www.mercia.co.uk/vcts
Neither the contents of the Mercia Asset Management PLC website, nor the contents of any website accessible from hyperlinks on the Mercia Asset Management PLC website (or any other website), are incorporated into, or form part of, this announcement.
