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LONDON - Maven Income and Growth VCT 4 PLC announced Thursday that shareholders have approved all four resolutions proposed at its General Meeting, paving the way for the company to proceed with its offer for subscription of new ordinary shares.
The approved resolutions authorize directors to allot new shares, disapply pre-emption rights, reduce the share premium account, and cancel the capital redemption reserve, according to a statement released by the company.
The meeting, held on Thursday, saw valid proxy appointments made for 7,887,172 ordinary shares out of a total 154,620,516 voting rights in the company as of the November 11 record date.
The resolution to authorize directors to allot new shares received 6,711,049 votes in favor and 913,424 against, with 231,691 votes at the discretion of the proxy holder and 31,008 votes withheld.
Similarly, the resolution to disapply pre-emption rights garnered 6,673,485 votes in favor versus 934,217 against. The share premium account reduction was approved with 6,765,260 supporting votes against 801,423 opposing votes, while the capital redemption reserve cancellation passed with 6,751,653 votes in favor and 799,351 against.
The resolutions were outlined in a circular sent to shareholders on October 2, 2025, in connection with the company's offer for subscription of new ordinary shares of 10p each.
A copy of the approved resolutions has been submitted to the National Storage Mechanism and will be available for inspection through the Financial Conduct Authority's website.
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