REG - US Solar Fund PLC US Solar Fund - USFP - Result of AGM

Us Solar FundAnnouncement

20/05/2025 17:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250520:nRST4615Ja&default-theme=true

RNS Number : 4615J  US Solar Fund PLC  20 May 2025

20 May 2025

US SOLAR FUND PLC (USF, the "Company")

Result of 2025 Annual General Meeting (the "AGM")

 

US Solar Fund plc (LON: USF (USD)/USFP (GBP)), announces that at the Company's
2025 AGM held today, resolutions 1 to 13 were passed by way of a poll and
resolution 14 was not passed which was in line with the Board's
recommendations. The results of the poll are set out below.

Resolutions 1 to 10 (inclusive) were proposed as ordinary resolutions and
resolutions 11 to 14 (inclusive) were proposed as special resolutions.

 

 Resolution                                                                           Votes For*   %      Votes Against  %      Total votes validly cast  Total votes cast as % of issued share capital  Vote Withheld **
 1       Receive annual accounts for period ended 31 December 2024                    213,760,487  99.96  82,086         0.04   213,842,573               64.37                                          43,112
 2       Approve directors' remuneration report                                       213,410,057  99.84  334,695        0.16   213,744,752               64.34                                          140,933
 3       Appointment of external auditor                                              213,678,045  99.93  156,122        0.07   213,834,167               64.37                                          51,518
 4       Authorise the Directors to fix the auditor's remuneration                    213,701,165  99.93  159,630        0.07   213,860,795               64.38                                          24,890
 5       Re-elect Gillian Nott as a Director                                          189,355,052  97.24  5,368,572      2.76   194,723,624               58.62                                          19,162,060
 6       Re-elect Jamie Richards as a Director                                        203,339,727  95.14  10,390,014     4.86   213,729,741               64.34                                          155,944
 7       Re-elect Thomas Plagemann as a Director                                      213,294,854  99.80  425,768        0.20   213,720,622               64.34                                          165,063
 8       Elect Mark Lerdal as a Director                                              213,336,855  99.82  383,767        0.18   213,720,622               64.34                                          165,063
 9       Approval of dividend policy                                                  213,655,814  99.96  88,709         0.04   213,744,523               64.34                                          141,162
 10      To authorise the allotment of Ordinary shares                                185,827,998  86.96  27,874,444     13.04  213,702,442               64.33                                          183,243
 11      To authorise the disapplication of statutory pre-emption rights              177,147,690  82.88  36,595,375     17.12  213,743,065               64.34                                          142,620
 12      To authorise the Company to make market purchase of its own ordinary shares  208,805,268  97.68  4,964,020      2.32   213,769,288               64.35                                          116,396
 13      To permit general meetings to be called on 14 days' notice                   213,592,179  99.91  182,236        0.09   213,774,415               64.35                                          111,270
 14      That the Company ceases to continue as an investment trust                   40,406,922   18.90  173,439,057    81.10  213,845,979               64.37                                          39,706

* Includes discretionary votes

** A vote withheld is not a vote in law and is not counted in the calculation
of the votes for or against a resolution.

 

Statement on resolution 14

The Board notes that resolutions 1 to 13 were passed by a majority in
accordance with the relevant thresholds and resolution 14 was not passed which
was in line with the Board's recommendations.

For further information, please contact:

 Amber Infrastructure               +44 20 7939 0550

 Meredith Frost

 Cavendish Capital Markets Limited  +44 20 7397 8900

 Tunga Chigovanyika
 JTC (UK) Limited                   USSolarFund-CompanySecretary@jtcgroup.com

 Ruth Wright                        +44 207 409 0181

 KL Communications                  +44 20 3882 6644

 Charles Gorman                     USF@kl-communications.com

 Charlotte Francis

 Amy Levingston Smith

 

LEI: 2138007BIUWE7AHS5Y90

Notes:

Every shareholder has one vote for every Ordinary Share held. As at close of
business on 16 May 2025, the share capital of the Company consisted of
332,192,361 Ordinary Shares. The Company holds 24,358,974 shares in treasury.
The total number of voting rights in the Company is therefore 307,833,387.

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

 

About US Solar Fund plc

US Solar Fund plc, established in 2019, listed on the premium segment of the
London Stock Exchange in April 2019. The Company's investment objective is to
provide investors with attractive and sustainable dividends with an element of
capital growth by owning and operating solar power assets in North America and
other OECD countries in the Americas.

The solar power assets that the Company acquires or constructs are expected to
have an asset life of at least 30 years and generate stable and uncorrelated
cashflows by selling electricity to creditworthy offtakers under long-term
power purchase agreements (or PPAs). The Company's portfolio currently
consists of 41 operational solar projects with a total capacity of 443MWDC,
all located in the United States.

Further information on the Company can be found on its website at
http://www.ussolarfund.co.uk (http://www.ussolarfund.co.uk) .

 

About Amber Infrastructure Group

Amber Infrastructure Investment Advisor LLC, a member of the Amber
Infrastructure Group, was appointed as the Company's Investment Manager on 1
December 2023.

Amber Infrastructure is an international infrastructure specialist, focused on
investment origination, development, asset management and in Europe, fund
management. Amber's core business focuses on infrastructure assets across the
public, transport, energy, digital and demographic infrastructure sectors that
support the lives of people, homes and businesses internationally.

Among other funds, Amber Infrastructure advises International Public
Partnerships, a FTSE 250-listed Company with a market cap of approximately
£2.5 billion and 15-year track record of long-term investment in
infrastructure assets globally. Amber is headquartered in London with offices
in Europe, North America and Australia and employs c.180 infrastructure
professionals.

Amber has had a strategic partnership with the Hunt Group of Companies in the
US since 2015 and completed their previously announced strategic transaction
with Boyd Watterson in August 2024. Amber is part of Boyd Watterson Global
Asset Management Group LLC, a global diversified infrastructure, real estate
and fixed income business with over $36 billion in assets under management and
over 300 employees with offices in eight US cities and presence in twelve
countries. Learn more at www.amberinfrastructure.com
(http://www.amberinfrastructure.com) .

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  RAGAMMATMTITBRA