REG - Aquila Energy Effcn. - General Meeting Update on Proxy Votes

Aquila Energy Efficiency TrustAnnouncement

27/02/2023 13:30

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RNS Number : 1811R  Aquila Energy Efficiency Trust PLC  27 February 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER REGULATION
(EU) NO 596/2014 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL OF 16 APRIL
2014 ON MARKET ABUSE, AS AMENDED FROM TIME TO TIME, WHICH IS PART OF UK LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED.

 

27 February 2023

 

AQUILA ENERGY EFFICIENCY TRUST PLC

 

(the "Company")

 

General Meeting

Update on Proxy Votes

 

 

Following the deadline on 24 February 2023 for receipt of Forms of Proxy in
respect of the upcoming General Meeting on 28 February 2023, the Company today
announces the results of the proxy votes cast as at 2 p.m. on 24 February
2023.

 

Votes over a total of 46,553,793 (c.55.58% of total votes cast) and 33,933,709
(c.40.52% of total votes cast) Ordinary Shares have been cast by proxy against
the Continuation Resolution and the Articles Resolution respectively. The
Continuation Resolution and Articles Resolution require approval of more than
50 per cent. and not less than 75 per cent. of votes cast respectively.
Consequently, based on the current proxy votes cast, the Resolutions are not
expected to pass at the General Meeting to be held tomorrow, 28 February 2023
at 2:00 p.m. Shareholders should note that the instructions as to how proxy
votes should be cast may be changed at any time until voting on the resolution
has closed.  Accordingly, the final voting position may be different to that
indicated by the proxies cast to date.

 

Should the Resolutions not pass at the General Meeting, as currently indicated
by the proxy votes cast, the Board of the Company will consult with
Shareholders over proposals for the future of the Company, with further
announcements to be made in due course.

 

Details of the proxy votes are as follows:

 

 Resolution  In favour                                 Against                   Withheld

             (including at Chairman's discretion)
             Votes                % Votes Cast         Votes       % Votes Cast  Votes
 1           37,213,050           44.42                46,553,793  55.58         0
 2           49,814,678           59.48                33,933,709  40.52         18,456

 

 

A further announcement confirming the final votes cast will be made as soon as
practicable after the conclusion of the General Meeting.

 

The Company's LEI is 213800AJ3TY3OJCQQC53

 

Capitalised terms used but not defined in this announcement have the meanings
given to them in the Circular published by the Company on 13 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

 

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