AGM Statement

ALBION DEVELOPMENT VCT PLC

AGM STATEMENT

LEI Code 213800FDDMBD9QLHLB38

At an Annual General Meeting (“AGM”) of Albion Development VCT PLC, duly convened and held virtually at noon on 20 June 2024 at the registered office of the Company at 1 Benjamin Street, London, EC1M 5QL, the following resolutions as set out in the notice of the AGM were passed by way of a poll, and the table below shows the result of the votes cast on each resolution:

		Votes For (or at the Chairman’s discretion)	Against
No	Description	% Votes Cast
1	To receive and adopt the Company’s accounts for the year ended 31 December 2023	99.67%	0.33%
2	To approve the Directors’ remuneration report for the year ended 31 December 2023	95.03%	4.97%
3	Re-elect Ben Larkin as a Director of the Company	98.67%	1.33%
4	Re-elect Lyn Goleby as a Director of the Company	97.91%	2.09%
5	Re-elect Lord O'Shaugnessy as a Director of the Company	98.19%	1.81%
6	Re-elect Patrick Reeve as a Director of the Company	97.06%	2.94%
7	To appoint Johnston Carmichael LLP as Auditor of the Company	99.79%	0.21%
8	To authorise the Directors to agree the Auditor’s remuneration	99.69%	0.31%
9	To approve the authority to allot shares	95.31%	4.69%
10	To approve the authority for the disapplication of pre-emption rights	94.73%	5.27%
11	Authority to purchase own shares	99.07%	0.93%
12	Approve 14 days clear notice for general meetings	94.91%	5.09%

Resolution numbers 1 to 9 were passed as Ordinary resolutions, and resolution numbers 10 to 12 were passed as Special resolutions.

A recording of the AGM, including a presentation by the Manager, will be available on the Albion Capital website at www.albion.capital/funds/AADV.

21 June 2024

For further information please contact:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Telephone: 020 7601 1850