REG - Aquila Energy Effcn. - Result of General Meeting

Aquila Energy Efficiency TrustAnnouncement

28/02/2023 15:45

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RNS Number : 3877R  Aquila Energy Efficiency Trust PLC  28 February 2023

28 February 2023

 

AQUILA ENERGY EFFICIENCY TRUST PLC

 

Result of General Meeting

 

Aquila Energy Efficiency Trust plc (the "Company") announces that, as
previously anticipated in its announcement on 27 February 2023, the
resolutions put forward at its General Meeting held earlier today did not
pass. Resolution 1 was proposed as an ordinary resolution, requiring in excess
of 50% of votes cast to be cast in favour to pass, and, Resolution 2 as a
special resolution, requiring 75% of votes cast to be cast in favour to pass.

 

The text of the resolutions is contained in the Notice of General Meeting
dated 13 February 2023, which can be found on the Company's website at
https://www.aquila-energy-efficiency-trust.com
(https://www.aquila-energy-efficiency-trust.com) .

 

Voting on the resolutions was taken on a poll. The results of the poll were as
follows:-

 

 Resolution  In favour                 Against                   Withheld

             Votes       % Votes Cast  Votes       % Votes Cast  Votes
 1           37,257,050  44.45         46,553,793  55.55         0
 2           49,858,678  59.50         33,933,709  40.50         18,456

 

 

At the time of the above meeting, the Company's issued share capital consisted
of 100,000,000 ordinary shares. The Company held no shares in treasury.
Therefore, the total number of ordinary shares with voting rights was
100,000,000. Each ordinary share held entitles the holder to one vote and
there are no restrictions on those voting rights. A "Vote withheld" is not a
vote in law and is not counted in the calculation of the percentage of shares
voted "For" or "Against" a resolution.

 

In accordance with the Company's Articles of Association, by 28 August 2023,
being six months following the date of the General Meeting, the Directors will
recommend to shareholders whether the Company be reconstructed, re-organised
or placed into liquidation, having explored all options and determined the
best solution including discussing the options with the Company's
shareholders. In addition, as it stands, a further continuation vote will be
required to be proposed at the Company's annual general meeting in 2023 (such
meeting to be held no later than 30 June 2023) in accordance with the
requirements of the Company's Articles of Association.  A further
announcement will be made in due course.

 

In light of the results of the General Meeting, the Investment Adviser no
longer intends to undertake the acquisition of ordinary shares of the Company
in the market, as previously disclosed in the Company's announcement released
on 20 February 2023.

 

 

Enquiries:

 Aquila Capital (Investment Adviser)                              Via Buchanan

 Buchanan (Financial PR)                                          020 7466 5000

 Charles Ryland, Henry Wilson, George Beale

 Peel Hunt (Broker)                                               020 7418 8900

 Luke Simpson, Huw Jeremy (Investment Banking)

 Apex Listed Companies Services (UK) Limited (Company Secretary)  020 3327 9720

 Maria Matheou, Brian Smith

 

 

LEI: 213800AJ3TY3OJCQQC53

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