NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR south africa OR any jurisdiction in which the same could be unlawful. the information contained herein does not constitute an offer of securities for sale in any jurisdiction, including in the united states, CANADA, australia, japan OR south africa. 

BARONSMEAD VCT PLC

RESULT OF GENERAL MEETING HELD ON 28 JANUARY 2016

General Meeting

Further to the proposals for the reconstruction and winding up of Baronsmead VCT plc (the "Company") which were announced on 11 January 2016, at a general meeting of the Company's shareholders held today, the special resolution approving the proposals was passed. 

It should be noted that the scheme for the reconstruction and winding up of the Company under section 110 of the Insolvency Act 1986 (the "Scheme") remains conditional on, amongst other conditions, the passing of the special resolution to be proposed at the second general meeting of the Company's shareholders convened for 8 February 2016.  The Scheme will not become effective unless these resolutions are passed.

A copy of the resolution passed at the General Meeting will shortly be available for inspection via the National Storage Mechanism. 

The proxy votes cast on the resolution were as follows:

Votes "For*":                           23,058,097

Votes "Against":                     365,287

Votes "Withheld":                  61,983

*      the votes "For" include those votes giving the Chairman discretion.

Suspension of Listing

It is expected that the listing of the Ordinary Shares will be suspended at 7.30 a.m. on 8 February 2016.

Enquiries:

For further information please contact.

Notes

This announcement is for information purposes only and does not purport to be full or complete and any decision regarding the Proposals should be made only on the basis of the Circular.