29 JULY 2026
NORTHERN 2 VCT PLC
RESULT OF ANNUAL GENERAL MEETING
Northern 2 VCT PLC (“the Company”) announces that at the Annual General Meeting held on 29 July 2026 all of the resolutions set out in the notice of the meeting were duly passed by shareholders.
The resolutions included those to re-elect as directors Mr Thomas Chambers, Mr Simon Devonshire, Mr David Gravells and Ms Ranjan Ramparia.
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/n2vct/.
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 Company’s annual report and financial statements for the year ended 31 March 2026 together with the strategic report, Directors’ report and independent auditor’s report thereon. | 10,362,238 | 472,127 | 33,283 | 45,688 |
| 2 | To approve and declare a final dividend of 1.3p per share in respect of the year ended 31 March 2026 | 10,501,303 | 374,619 | 30,921 | 6,493 |
| 3 | To approve the Directors’ remuneration report in respect of the year ended 31 March 2026 other than the part of such report containing the Directors’ remuneration policy | 8,449,366 | 498,122 | 1,467,992 | 497,856 |
| 4 | To approve the Directors’ remuneration policy as set out in the remuneration report | 8,402,061 | 492,881 | 1,556,680 | 461,714 |
| 5 | To re-elect Mr T Chambers as a Director | 9,384,906 | 492,881 | 450,589 | 584,960 |
| 6 | To re-elect Mr S Devonshire as a Director | 9,022,509 | 492,881 | 614,686 | 783,260 |
| 7 | To re-elect Mr D P A Gravells as a Director | 8,722,147 | 498,924 | 1,110,164 | 582,101 |
| 8 | To re-elect Miss R K Ramparia as a Director | 9,322,554 | 492,881 | 533,646 | 564,255 |
| 9 | To re-appoint Johnston Carmichael LLP as independent auditor | 9,895,300 | 472,127 | 228,313 | 317,596 |
| 10 | To authorise the Audit & Risk Committee to fix the remuneration of the independent auditor | 9,795,032 | 937,587 | 155,734 | 24,983 |
| 11 | To authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006 for the purposes of the Offer | 9,260,344 | 893,240 | 716,271 | 43,481 |
| 12 | To generally authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006 | 9,330,161 | 950,121 | 568,868 | 64,186 |
| 13 | To disapply Section 561(1) of the Companies Act 2006 in relation to certain allotments of equity securities for the purposes of the Offer | 8,946,203 | 1,021,628 | 787,285 | 158,220 |
| 14 | To disapply Section 561(1) of the Companies Act 2006 in relation to certain other allotments of equity securities | 8,786,569 | 898,245 | 951,860 | 276,662 |
| 15 | To authorise the Company to make market purchases of ordinary shares in accordance with Section 701 of the Companies Act 2006 | 9,753,835 | 958,209 | 164,246 | 37,046 |
| 16 | That the amount standing to the credit of the share premium account be cancelled and credited to a reserve of the Company | 9,645,067 | 898,245 | 216,751 | 153,273 |
| 17 | To amend the articles of association | 8,773,628 | 1,598,414 | 317,800 | 223,494 |
Enquiries:
Sarah Williams / James Sly, Mercia Fund Management Limited - 0330 223 1430
Website: www.mercia.co.uk/vcts
The contents of the Mercia Asset Management PLC website and the contents of any website accessible from hyperlinks on the Mercia Asset Management PLC website (or any other website) are not incorporated into, nor form part of, this announcement.
