Baronsmead Venture Trust (BVT) AGM 2017

AGM Report

Baronsmead Venture Trust (BVT) AGM 2017

AGM Date: February 14, 2017

Report Author: Roger Lawson

I attended the Annual General Meeting of Baronsmead Venture Trust this week (on 14/2/2017). This is of course a Venture Capital Trust (VCT) and one of the longer established ones with a good historic fund performance. It was formed from a merger between two Baronsmead VCTs (1 and 2) last year which of course incurred significant costs but those are being rapidly recouped. It was not particularly well attended (I would guess about 40 shareholders) perhaps because of the early start time of 10.00 am. The Chairman, Peter Lawrence rebuffed the criticism of one shareholder and after I suggested a straw poll of investors present to see if they would prefer a later time, which showed many would, suggested they move it to 10.15 pm. That quip did not impress

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