Result of AGM

9 August 2022

NORTHERN 3 VCT PLC

RESULT OF ANNUAL GENERAL MEETING

Northern 3 VCT PLC (“the Company”) announces that at the annual general meeting held on 9 August 2022 all of the resolutions set out in the notice of meeting were duly passed by shareholders.

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

In accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, 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/n3vct/.

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 annual accounts and financial statements for the year ended 31 March 2022	5,942,790	354,527	5,408	17,286
2	To approve and declare a final dividend of 3.0p per share in respect of the year ended 31 March 2022	5,990,846	327,322	0	1,843
3	To approve the Directors’ remuneration report in respect of the year ended 31 March 2022 other than the part of such report containing the Directors’ remuneration policy	5,467,469	379,182	263,545	209,815
4	To re-elect Mr J G D Ferguson as a director	5,681,983	365,451	181,766	90,811
5	To re-elect Mr C J Fleetwood as a director	5,660,500	365,451	203,249	90,811
6	To re-elect Mr T R Levett as a director	5,734,930	365,451	128,819	90,811
7	To re-elect Mr J M O Waddell as a director	5,586,667	365,451	192,528	175,365
8	To re-elect Mrs A B Brown as a director	5,740,485	354,527	56,977	168,022
9	To re-appoint Mazars LLP as independent auditor	5,544,375	365,451	324,425	85,760
10	To authorise the audit committee to fix the remuneration of the independent auditor	5,854,452	354,527	44,007	67,025
11	To authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006	5,840,866	365,527	76,791	36,827
12	To disapply Section 561(1) of the Companies Act 2006 in relation to certain allotments of equity securities	5,529,816	354,527	305,762	129,906
13	To authorise the Company to make market purchases of ordinary shares in accordance with Section 701 of the Companies Act 2006	5,888,621	354,527	68,993	7,870

Enquiries:

Graham Venables/James Sly, Mercia Fund Management Limited – 0330 223 1430
Website: www.mercia.co.uk

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.