REG - Bluefield Solar Inc. - Result of AGM

Bluefield Solar Income FundAnnouncement

06/12/2024 17:00

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RNS Number : 2163P  Bluefield Solar Income Fund Limited  06 December 2024

LEI: 2138004ATNLYEQKY4B30

6 December 2024

 

Bluefield Solar Income Fund Limited

('Bluefield Solar' or the 'Company')

 

Result of Annual General Meeting

 

Bluefield Solar (LON: BSIF), the London listed UK income fund focused
primarily on acquiring and managing solar energy assets, announces that at the
Annual General Meeting ("AGM") of the Company held at 10.30am on 6 December
2024, Ordinary Resolutions 1 to 15 and Special Resolutions 16 and 17 were
passed without amendment.

 

The voting breakdown of all resolutions follow:

 

 Resolution     Votes For**          Votes Against        Votes Withheld*
 1 - Ordinary   363,355,290  99.96%  145,338     0.04%    45,363
 2 - Ordinary   344,126,462  94.69%  19,302,574  5.31%    116,955
 3 - Ordinary   330,081,810  92.57%  26,479,401  7.43%    6,984,780
 4 - Ordinary   338,771,277  93.21%  24,678,280  6.79%    96,434
 5 - Ordinary   338,802,907  93.22%  24,646,650  6.78%    96,434
 6 - Ordinary   291,846,919  80.29%  71,622,638  19.71%   76,434
 7 - Ordinary   338,846,095  93.23%  24,623,462  6.77%    76,434
 8 - Ordinary   338,817,537  93.22%  24,626,024  6.78%    102,430
 9 - Ordinary   363,143,265  99.92%  300,580     0.08%    102,146
 10 - Ordinary  335,775,025  92.39%  27,669,662  7.61%    101,304
 11 - Ordinary  361,874,586  99.57%  1,551,658   0.43%    107,747
 12 - Ordinary  363,318,598  99.95%  177,203     0.05%    50,190
 13 - Ordinary  363,315,854  99.95%  181,624     0.05%    48,513
 14 - Ordinary  363,229,961  99.92%  278,053     0.08%    37,977
 15 - Ordinary  362,839,065  99.83%  629,250     0.17%    77,676
 16 - Special   362,392,598  99.71%  1,064,779   0.29%    88,614
 17 - Special   342,169,162  94.16%  21,225,807  5.84%    151,022

 

*A vote withheld is not a vote in law and is therefore not counted towards the
proportion of votes "for" or "against" the Resolution.

** including discretionary votes.

 

The Company notes that all resolutions were passed. As disclosed in the
Company's 2023/24 Annual Report, the Company's Chair, Mr John Scott, intends
to retire from the Board during 2025.  At that point, and based on its
current composition, the Board will comprise five directors, of whom three are
male and two are female.

 

The full text of the Special Resolutions is noted below:

 

Resolution 16

 

That, in substitution for any existing disapplication authority in force as at
the date of this Annual General Meeting, the Directors be and are hereby
generally and unconditionally authorised to allot, issue and/or sell equity
securities for cash as if Article 6.2 of the Company's Articles of
Incorporation did not apply to any such allotment, issue and/or  sale,
provided that this power shall be limited to the allotment, issue and/or sale
of up to 10 per cent. of the Ordinary Shares in issue as at the date of this
Annual General Meeting for the period expiring at the date falling 15  months
after the date of the passing of this resolution or the conclusion of the next
Annual General Meeting of the Company, whichever is earlier (unless previously
renewed, varied or revoked by the Company in a general meeting), save that the
Company shall be entitled to make offers or agreements before the expiry of
such power which would or might require equity securities to be allotted and
issued after such expiry and the Directors shall be entitled to allot and
issue equity securities pursuant to any such offer or agreement as if the
power conferred hereby had not expired.

 

Resolution 17

 

That, in addition to the authority (if any) granted to the Directors pursuant
to Resolution 16 above, the Directors be, and hereby are, empowered to allot,
issue and/or sell equity securities for cash as if Article 6.2 of the
Company's Articles of Incorporation did not apply to any such allotment, issue
and/or sale, provided that this power shall be limited to the allotment, issue
and/or sale of up to an additional 10 per cent. of the Ordinary Shares in
issue as at the date of this Annual General Meeting for the period expiring at
the date falling 15 months after the date of the passing of this resolution or
the conclusion of the next Annual General Meeting of the Company, whichever is
earlier (unless previously renewed, varied or revoked by the Company in
general meeting), save that the Company shall be entitled to make offers or
agreements before the expiry of such power which would or might require equity
securities to be allotted and issued after such expiry and the Directors shall
be entitled to allot and issue equity securities pursuant to any such offer or
agreement as if the power conferred hereby had not expired.

 

 

 

 

 For further information:

                                                           Tel: +44 (0) 20 7078 0020

                                                         www.bluefieldllp.com
 Bluefield Partners LLP (Company Investment Adviser)
 James Armstrong / Neil Wood / Giovanni Terranova

 Deutsche Numis (Company Broker)                           Tel: +44 (0) 20 7260 1000
 Tod Davis / David Benda / Matt Goss                       www.dbnumis.com

 Ocorian                                                   Tel: +44 (0) 1481 742 742

(Company Secretary & Administrator)                      www.ocorian.com
 Chezi Hanford

 Media enquiries:                                          Tel: +44 (0) 20 7466 5000

Burson Buchanan (PR Adviser)                             www.bursonbuchanan.com
 Henry Harrison-Topham / Henry Wilson                      BSIF@buchanan.uk.com

 

 

About Bluefield Solar

Bluefield Solar is a London listed income fund focused primarily on acquiring
and managing solar energy assets.  Not less than 75% of the Company's gross
assets will be invested into UK solar assets.  The Company can also invest up
to 25% of its gross assets into other technologies, such as wind and storage.
 Bluefield Solar owns and operates a UK portfolio of 883MW, comprising
824.7MW of solar and 58.3MW of onshore wind.

Further information can be viewed at www.bluefieldsif.com

About Bluefield Partners

Bluefield Partners LLP was established in 2009 and is an investment adviser to
companies and funds investing in renewable energy infrastructure.  It has a
proven record in the selection, acquisition and supervision of large-scale
energy assets in the UK and Europe.  The team has been involved in over £6.7
billion renewable funds and/or transactions in both the UK and Europe,
including over £1.6 billion in the UK since December 2011.

 

 

 

 

 

 

 

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