REG - NextEnergy SolFnd Ld - Notice of AGM Results

NextEnergy Solar FundAnnouncement

08/08/2019 12:20

RNS Number : 4351I
NextEnergy Solar Fund Limited
08 August 2019
 


8 August 2019
NextEnergy Solar Fund Limited
Results of Annual General Meeting
 
The Board of NextEnergy Solar Fund Limited announces that, at the Annual General Meeting of the Company held today, 8 August 2019, all resolutions put to the meeting were approved by shareholders.
 




Ordinary Business - Ordinary Resolutions


For*


Against


Withheld**




1.    To receive and adopt the Financial Statements of the Company for the year ended 31 March 2019


385,989,588


62,619


1,000




2.    To approve the Directors' Remuneration Report for the year ended 31 March 2019


386,046,674


6,534


0




3.    To approve the Company's dividend policy


386,053,208


0


0




4.    To re-elect Kevin Lyon


386,051,258


1,000


950




5.    To re-elect Patrick Firth


385,988,638


63,619


950




6.    To re-elect Vic Holmes


385,988,638


63,619


950




7.    To re-elect Sharon Parr


386,051,258


1,000


950




8.    To elect Sue Inglis


384,539,321


1,508,866


950




9.    To re-appoint PricewaterhouseCoopers CI LLP as Auditor to the Company


384,535,576


5,815


1,511,816




10.  To authorise the Directors to agree the remuneration for the Auditor


385,855,786


195,472


1,950




Special Business - Special Resolutions


 


 


 




11.  To authorise the Directors to allot ordinary shares in the Company


335,813,946


50,233,496


5,765




12.  To authorise the Company to make market purchases of its own shares


386,046,431


4,000


2,777




13.  To approve the amended Articles of Incorporation


386,043,443


1,000


8,765




14.  To authorise the Directors to allot preference shares in the Company


371,098,771


14,948,671


5,765




 
 
The full text of the resolutions may be found in the Notice of Annual General Meeting dated 9 July 2019, which is available on both the Company's website www.nextenergysolarfund.com and on the National Storage Mechanism www.morningstar.co.uk/uk/NSM***. Details of the proxy votes lodged before the meeting will also be available shortly on the Company's website


A copy of the Special Resolutions passed at the Annual General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM***
 
*           Includes discretionary votes received
**         A vote withheld is not a vote in law and is not counted in the proportion of votes 'for' or 'against' a resolution
***        Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement
 
For further information, please contact:




 
NextEnergy Capital Limited


 
020 3746 0700




Michael Bonte-Friedheim


 




Aldo Beolchini



 


 




 


 




Cantor Fitzgerald Europe


020 7894 7719




Robert Peel
 


 




 


 




Shore Capital


020 7408 4090




Anita Ghanekar


 




 


 




Macquarie Capital (Europe) Limited


020 3037 2000




Nick Stamp



 


 




 


 




 


 




MHP Communications


020 3128 8100




Oliver Hughes

 




Apex Fund and Corporate Services (Guernsey) Limited  


01481 735827




Nicholas Robilliard




 




 
Notes to Editors:
 
NESF is a specialist investment company that invests primarily in operating solar power plants in the UK. It is able to invest up to 15% of its Gross Asset Value in operating solar power plants in OECD countries outside the UK. The Company's objective is to secure attractive shareholder returns through RPI-linked dividends and long-term capital growth. The Company achieves this by acquiring solar power plants on agricultural, industrial and commercial sites.
 
As at 31 March 2019, NESF has raised equity proceeds of £692m (including £100m of preference shares) since its initial public offering on the main market of the London Stock Exchange in April 2014. The Company's subsidiaries have financial debt outstanding of £269m, on a look-through basis and including at project level. Of this, £199m was long-term fully amortising financing, and £70m was drawn under a short-term credit facility.
 
NESF is differentiated by its access to NextEnergy Capital Group ("NEC Group"), its Investment Manager, which has a strong track record in sourcing, acquiring and managing operating solar assets.  WiseEnergy is NEC Group's specialist operating asset management division and over the course of its activities has provided operating asset management, monitoring, technical due diligence and other services to over 1,300 utility-scale solar power plants with an installed capacity in excess of 1.9 GW.
 
Further information on NESF, NEC Group and WiseEnergy is available at nextenergysolarfund.com, nextenergycapital.com and wise-energy.eu.
 
 




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