Result of AGM

19 AUGUST 2021

NORTHERN 3 VCT PLC

RESULT OF ANNUAL GENERAL MEETING

Northern 3 VCT PLC (“the Company”) announces that at the annual general meeting held on 19 August 2021 all of the resolutions set out in the notice of meeting were duly passed by shareholders.

The resolutions included those to elect as a director Mrs Anna Brown and to re-elect as directors Mr James Ferguson, Mr Chris Fleetwood, Mr John Waddell and Mr Tim Levett.

Details of proxy voting on the resolutions put to shareholders at the annual general meeting are as follows:

No	Resolution	For	No preference	Against	Vote withheld
1	To receive and approve the financial statements for the year ended 31 March 2021	7,834,142	405,054	4,080	32,229
2	To approve and declare a final dividend of 2.5p per share in respect of the year ended 31 March 2021	7,997,422	245,865	29,287	2,931
3	To approve the directors’ remuneration report in respect of the year ended 31 March 2021	7,329,965	360,425	335,506	249,609
4	To re-elect Mr J G D Ferguson as a director	7,507,239	312,175	355,468	100,623
5	To re-elect Mr C J Fleetwood as a director	7,459,845	323,099	377,725	114,836
6	To re-elect Mr J M O Waddell as a director	7,533,678	312,175	268,083	161,569
7	To re-elect Mr T R Levett as a director	7,545,491	323,099	214,147	192,768
8	To elect Mrs A Brown as a director	7,486,584	343,992	350,496	94,433
9	To appoint Mazars LLP as independent auditor	7,574,579	328,297	227,808	144,821
10	To authorise the audit committee to fix the remuneration of the independent auditor	7,782,652	330,073	92,625	70,155
11	To authorise the directors to allot shares pursuant to Section 551 of the Companies Act 2006 pursuant to the Offer	7,796,340	330,839	131,517	16,809
12	To authorise the directors to allot shares pursuant to Section 551 of the Companies Act 2006	7,834,541	306,840	117,315	16,809
13	To disapply Section 561 of the Companies Act 2006 in relation to certain allotments of equity securities pursuant to the Offer	7,505,071	320,893	367,139	82,402
14	To disapply Section 561 of the Companies Act 2006 in relation to certain allotments of equity securities	7,463,101	302,236	362,376	147,792
15	To authorise the Company to make market purchases of ordinary shares in accordance with Section 701 of the Companies Act 2006	7,869,660	317,839	85,075	2,931
16	To amend the Articles of Association to extend the life of the Company	7,697,251	354,882	173,708	49,664
17	To amend Article 89 by the deletion of “£100,000” and inclusion of “£150,000”	6,641,106	305,022	972,871	356,506
18	To approve the cancellation of the share premium account arising on the issue of Ordinary Shares pursuant to the Offer	7,729,526	390,816	133,236	21,927

Enquiries:

Simon John/James Bryce, NVM Private Equity LLP - 0191 244 6000
Website: www.nvm.co.uk

Martin Glanfield, Chief Financial Officer, Mercia Asset Management PLC – 0330 223 1430
Website: www.mercia.co.uk

Neither the contents of the NVM Private Equity LLP or the Mercia Asset Management PLC website, nor the contents of any website accessible from hyperlinks on the NVM Private Equity LLP or Mercia Asset Management PLC website (or any other website), are incorporated into, or forms part of, this announcement.