REG - Octopus Renewables - Result of AGM

Octopus Renewables Infrastructure TrustAnnouncement

13/06/2025 17:15

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RNS Number : 8608M  Octopus Renewables Infra Trust PLC  13 June 2025

13 June 2025

 

LEI: 213800B81BFJKWM2JV13

 

Octopus Renewables Infrastructure Trust plc

("ORIT" or the "Company")

 

Result of Annual General Meeting

 

Octopus Renewables Infrastructure Trust plc is pleased to announce that, at
the Annual General Meeting of the Company held at 10.00 am this morning, all
resolutions, as outlined in the Notice of Annual General Meeting (the
"Notice") were passed.

 

A poll was held on each of the resolutions set out in the Notice and the
results of the poll are set out below:

 

 

 Resolution                                                                    For                  Against             Withheld*
                                                                               Votes        %       Votes       %       Votes
 1.       To receive the Company's Annual Report and Accounts for the          327,009,503  99.99%  44,078      0.01%   187,039
 year ended 31 December 2024 (the "Annual Report").
 2.       To approve the Directors' Remuneration Report included in the        312,856,007  95.71%  14,010,541  4.29%   374,072
 Annual Report.
 3.       To re-elect Philip Austin as a director of the Company.              262,361,312  80.26%  64,540,084  19.74%  339,224
 4.       To re-elect James Cameron as a director of the Company.              307,282,057  94.01%  19,595,474  5.99%   363,089
 5.       To re-elect Elaina Elzinga as a director of the Company.             307,252,383  94.01%  19,582,331  5.99%   405,906
 6.       To elect Sarim Sheikh as a director of the Company.                  307,202,800  93.99%  19,655,867  6.01%   359,998
 7.       To elect Sally Duckworth as a director of the Company.               326,230,677  99.81%  634,840     0.19%   375,103
 8.       To re-appoint PricewaterhouseCoopers LLP as auditor to the           326,469,658  99.86%  452,979     0.14%   296,028
 Company.
 9.       To authorise the Directors to fix the remuneration of the            326,686,785  99.92%  271,351     0.08%   282,484
 auditor until the conclusion of the next Annual General Meeting of the
 Company.
 10.    To authorise the Directors to declare and pay all dividends of the     326,976,933  99.96%  132,571     0.04%   131,116
 Company as interim dividends.
 11.    That the Company continue as an investment trust.                      297,138,111  90.84%  29,959,681  9.16%   142,828
 12.    To authorise the Directors to allot relevant securities under          326,072,601  99.73%  878,968     0.27%   289,051
 section 551 of the Companies Act 2006.
 13.    To authorise the Directors to disapply pre-emption rights under        325,661,783  99.64%  1,161,463   0.36%   417,374
 sections 570 and 573 of the Companies Act 2006.
 14.    To approve further disapplication of pre-emption rights under          325,655,298  99.64%  1,164,579   0.36%   420,743
 sections 570 and 573 of the Companies Act 2006.
 15.    To authorise the Company to make market purchases of its own           326,883,685  99.93%  244,777     0.07%   112,158
 ordinary shares.
 16.    To authorise that General Meetings, other than Annual General          326,403,700  99.79%  677,336     0.21%   159,584
 Meetings, may be called on 14 clear days' notice.

 

*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 text for each resolution is contained in the notice of Annual General
Meeting, a copy of which is available on the Company's website at
www.octopusrenewablesinfrastructure.com/investors/
(http://www.octopusrenewablesinfrastructure.com/investors/) .

 

In accordance with UK LR 6.4.2 and UK LR 6.4.3, copies of all the resolutions
passed other than resolutions concerning ordinary business will be submitted
to the National Storage Mechanism website and will shortly be available for
inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

The Board is encouraged that a significant proportion ( xx% ) of votes cast
were 'for' the resolution that the Company continue as an investment trust.
However, the Board notes that, of the total votes received,  xx%  were against
the resolution to re-elect Philip Austin as a director. The Company will
engage with those shareholders who cast votes against the resolutions to best
understand their reasons and will endeavour to address their concerns.

For further information please contact:

 

 Octopus Energy Generation (Investment Manager)                   Via Burson Buchanan or orit@octopusenergygeneration.com

                                                                (mailto:orit@octopusenergygeneration.com)
 Chris Gaydon, David Bird

 Charlotte Edgar (Investor Relations)

 Peel Hunt (Broker)                                               020 7418 8900

 Liz Yong, Luke Simpson, Huw Jeremy (Investment Banking)

 Alex Howe, Chris Bunstead, Ed Welsby, Richard Harris (Sales)

 Burson Buchanan (Financial PR)                                   020 7466 5000

 Charles Ryland, Nick Croysdill, Verity Parker

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

 

Notes to editors

 

About Octopus Renewables Infrastructure Trust

 

Octopus Renewables Infrastructure Trust plc ("ORIT") is a London-listed,
closed-ended investment company incorporated in England and Wales focused on
providing investors with an attractive and sustainable level of income
returns, with an element of capital growth, by investing in a diversified
portfolio of renewable energy assets in Europe and Australia. As an impact
fund, ORIT is helping accelerate the transition to net zero by investing in
green energy, whilst also contributing to a broader set of UN Sustainable
Development Goals through its impact initiatives. ORIT's investment manager is
Octopus Energy Generation.

 

Further details can be found at www.octopusrenewablesinfrastructure.com
(http://www.octopusrenewablesinfrastructure.com)

 

About Octopus Energy Generation

Octopus Energy Generation is driving the renewable energy agenda by building
green power for the future. Its specialist renewable energy fund management
team invests in renewable energy assets and broader projects helping the
energy transition, across operational, construction and development stages.
The team was set up in 2010 based on the belief that investors can play a
vital role in accelerating the shift to a future powered by renewable energy.
It has a 14-year track record with approximately £6.8 billion of assets under
management (AUM) (as of 31 March 2025) across 18 countries and total 4.5 GW.
These renewable projects generate enough green energy to power 2.6 million
homes every year, the equivalent of taking over 1.4 million petrol cars off
the road. Octopus Energy Generation is the trading name of Octopus Renewables
Limited. Further details can be found at www.octopusenergygeneration.com
(http://www.octopusenergygeneration.com)

 

Neither the content of any website referred to in this announcement nor the
content of any website accessible from hyperlinks is incorporated into, or
forms part of, this announcement.

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