REG - Greencoat UK Wind - Result of AGM

Greencoat UK WindAnnouncement

20/05/2026 07:00

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RNS Number : 9822E  Greencoat UK Wind PLC  20 May 2026

LEI: 213800ZPBBK8H51RX165

20 May 2026

Greencoat UK Wind plc

Results of AGM

The Company is pleased to announce that at the Annual General Meeting held at
2.00 pm on 19 May 2026, Resolutions 1 to 18 all passed with the requisite
majority and that shareholders supported the continuation of the Company,
Resolution 19.

 

In particular the Board is pleased to note the overwhelming shareholder
support for the continuation of the Company with 97.08 per cent of votes cast
voting against discontinuation (with a shareholder turnout of 60.56 per cent).
The Board and Investment Manager appreciate the continued support of
shareholders and remain committed to delivering UKW's strategic objectives.

 

In accordance with UKLR 6.4.13, details of those resolutions passed, which
were not ordinary business of the AGM, follow:

 

             In Favour              Against                Withheld*

 Resolution  Votes          %       Votes          %       Votes
 14          1,291,833,704  98.86%  14,953,423     1.14%   1,352,093
 15          1,292,471,245  98.92%  14,131,660     1.08%   1,536,315
 16          1,282,777,979  98.18%  23,830,462     1.82%   1,530,779
 17          1,305,564,243  99.88%  1,617,691      0.12%   957,286
 18          1,279,045,753  97.87%  27,853,887     2.13%   1,239,580
 19          38,152,087     2.92%   1,268,544,973  97.08%  1,442,160

 

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

 

The full wording of these resolutions can be found below:

 

Resolution 14 - Special Resolution

THAT, in substitution for all substituting authorities to the extent unused,
the Directors be and they are hereby generally and unconditionally authorised,
in accordance with section 551 Companies Act 2006 ("CA 2006"), to exercise all
the powers of the Company to allot ordinary shares of one penny each in the
capital of the Company and the grant rights to subscribe for, or to convert
any security into shares in the Company up to an aggregate nominal amount of
£7,194,891.25

 

The authority hereby conferred on the Directors shall expire at the conclusion
of the next AGM of the Company after the date of the passing of this
resolution or 30 June 2027, whichever is the earlier, save that under this
authority the Company may, before such expiry, make offers or enter into
agreements which would or might require shares to be allotted or rights to
subscribe for, or to convert any security into, shares to be granted after
such expiry and the Directors may allot shares or grant rights to subscribe
for, or to convert any security into, shares (as the case may be) in pursuance
of such an offer or agreement as if the authority conferred hereby has not
expired.

 

Resolution 15 - Special Resolution

THAT, subject to the passing of Resolution 14 above, in substitution for all
substituting authorities to the extent unused, the Directors be and they are
hereby authorised, pursuant to section 570 and section 573 Companies Act 2006
("CA 2006"), to allot equity securities (within the meaning of section 560 CA
2006) for cash, either pursuant to the authority conferred by Resolution 14 or
by way of a sale of treasury share, as if section 561(1) CA 2006 did not apply
to any such allotment, provided that such authority shall be limited to:

 

(a)   the allotment or sale of equity securities up to an aggregate nominal
amount equal to £2,158,467.38 (being approximately 10 per cent of the issued
Ordinary Share capital of the Company at the date of this Notice); and

 

(b)   the allotment or sale of equity securities at a price not less than
the Net Asset Value per Ordinary Share.

 

This authority shall expire at the conclusion of the next AGM of the Company
after the passing of this resolution or 30 June 2027, whichever is the
earlier, save that the Company may, before the expiry of this authority make
any offers or enter into any agreements which would or might require equity
securities to be allotted, or treasury shares sold, after such expiry and the
Directors may allot equity securities or sell treasury shares in pursuance of
any such an offer or agreement as if the authority conferred by this
resolution had not expired.

 

Resolution 16 - Special Resolution

 

THAT, subject to the passing of both Resolutions 14 and 15 above, the
Directors be and they are hereby authorised, pursuant to section 570 and
section 573 Companies Act 2006 ("CA 2006"), to allot equity securities (within
the meaning of section 560 CA 2006) for cash, either pursuant to the authority
conferred by Resolution 14 or by way of a sale of treasury share, as if
section 561(1) CA 2006 did not apply to any such allotment, provided that such
authority shall be limited to:

 

(a)  the allotment or sale of equity securities up to an aggregate nominal
amount equal to an additional £2,158,467.38 (being approximately 10 per cent
of the issued Ordinary Share capital of the Company at the date of this Notice
which, together with the authority under Resolution 15, is in aggregate
approximately 20 per cent of the issued Ordinary Share capital of the Company
at the date of this Notice); and

 

(b)  the allotment or sale of equity securities at a price not less than the
Net Asset Value per Ordinary Share.

 

This authority shall expire at the conclusion of the next AGM of the Company
after the passing of this resolution or 30 June 2027, whichever is the
earlier, save that the Company may, before the expiry of this authority make
any offers or enter into any agreements which would or might require equity
securities to be allotted, or treasury shares sold, after such expiry and the
Directors may allot equity securities or sell treasury shares in pursuance of
any such an offer or agreement as if the authority conferred by this
resolution had not expired

 

Resolution 17 - Special Resolution

THAT, the Company be and is hereby generally and unconditionally authorised
for the purposes of section 701 Companies Act 2006 ("CA 2006"), to make market
purchases (within the meaning of section 693(4) CA 2006) of ordinary shares of
one penny each in the capital of the Company ("Ordinary Shares") on such terms
and in such manner as the Directors shall from time to time determine,
provided that:

(a)  the maximum number of Ordinary Shares hereby authorised to be purchased
is 323,554,260;

(b)  the minimum price (exclusive of expenses) which may be paid for an
Ordinary Share is one pence;

(c)  the maximum price (exclusive of expenses) which may be paid for an
Ordinary Share shall be not more than the higher of (i) an amount equal to 105
per cent of the average of the middle market quotations for an Ordinary Share
(as derived from the London Stock Exchange Daily Official List) for the five
business days immediately preceding the date on which that Ordinary Share is
contracted to be purchased; and (ii) an amount equal to the higher of the
price of the last independent trade of an Ordinary Share and the highest
current independent bid on the trading venues where the purchase is carried
out;

(d)  the authority hereby conferred shall expire at the conclusion of the
next AGM of the Company after the passing of this Resolution or 30 June 2027,
whichever is the earlier (unless previously revoked, varied or renewed by the
Company in general meeting prior to such time); and

(e)  the Company may at any time prior to the expiry of such authority enter
into a contract or contracts under which a purchase of Ordinary Shares under
such authority will or may be completed or executed wholly or partly after the
expiration of such authority and the Company may purchase Ordinary Shares in
pursuance of any such contract or contracts as if the authority conferred
hereby had not expired.

 

Resolution 18 - Special Resolution

THAT, a general meeting of the Company, other than an AGM, may be called on
not less than 14 clear days' notice.

 

Resolution 19 - Special Resolution

THAT, the Company cease to continue its business as a closed-ended investment
company.

 

The full text of each resolution and a summary of proxy votes received will
shortly be available on the Company's website and will also be submitted to
the National Storage Mechanism for inspection at
 https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

For further information, please contact:

Greencoat UK Wind
PLC
020 7832 9425

Matt Ridley

Stephen Packwood

John Musk (Investor Relations)

John.musk@schrodersgreencoat.com (mailto:John.musk@schrodersgreencoat.com)

 

Headland
Consultancy
020 3805 4822

Stephen Malthouse

 

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