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

Us Solar FundAnnouncement

24/05/2023 15:45

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RNS Number : 5458A  US Solar Fund PLC  24 May 2023

24 May 2023

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

Result of 2023 Annual General Meeting

 

US Solar Fund plc (LON: USF (USD)/USFP (GBP)), announces that at the Company's
2023 Annual General Meeting held today, all resolutions were passed by way of
a poll and the results of the poll are set out below.

Resolutions 1 to 10 (inclusive) were proposed as ordinary resolutions and
resolutions 11 and 12 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 2022                    211,568,079  99.99%  21,387         0.01%   211,589,466               63.69%                                         119,788
 2   Approve directors' remuneration report                                       211,438,456  99.93%  139,995        0.07%   211,578,451               63.69%                                         130,803
 3   Approve directors' remuneration policy                                       211,432,716  99.93%  149,898        0.07%   211,582,614               63.69%                                         126,640
 4   Appointment of external auditor                                              211,508,760  99.95%  115,398        0.05%   211,624,158               63.71%                                         85,096
 5   Authorise the Directors to fix the auditor's remuneration                    211,564,529  99.99%  24,937         0.01%   211,589,466               63.69%                                         119,788
 6   Re-elect Gillian Nott as a director                                          156,026,586  83.71%  30,371,991     16.29%  186,398,577               56.11%                                         25,310,677
 7   Re-elect Jamie Richards as a director                                        157,648,526  99.95%  81,481         0.05%   157,730,007               47.48%                                         53,979,247
 8   Re-elect Rachael Nutter as a director                                        156,442,428  99.18%  1,287,579      0.82%   157,730,007               47.48%                                         53,979,247
 9   Re-elect Thomas Plagemann as a director                                      157,648,526  99.95%  81,481         0.05%   157,730,007               47.48%                                         53,979,247
 10  Approval of dividend policy                                                  211,566,692  99.99%  21,387         0.01%   211,588,079               63.69%                                         121,175
 11  To authorise the Company to make market purchase of its own ordinary shares  211,520,067  99.97%  61,587         0.03%   211,581,654               63.69%                                         127,600
 12  To permit general meetings to be called on 14 days' notice                   211,485,207  99.95%  104,259        0.05%   211,589,466               63.69%                                         119,788

 

* 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.

 

For further information, please contact:

 US Solar Fund          +1 718 230 4329

 Whitney Voûte

 Cenkos Securities plc  +44 20 7397 8900

 Will Rogers

 Rob Naylor

 Will Talkington

 KL Communications      +44 20 3995 6673
 Charles Gorman

 Charlotte Stickings

 

Notes:

Every shareholder has one vote for every Ordinary Share held. As at close of
business on 22 May 2022, the share capital of the Company consisted of
332,192,361 Ordinary Shares with voting rights. The Company does not hold any
shares in Treasury.

 

In accordance with Listing Rule 9.6.2 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.

 

About US Solar Fund plc

US Solar Fund plc listed on the premium segment of the London Stock Exchange
in April 2019, following its successful US$200m IPO. The Company's investment
objective is to provide investors with attractive and sustainable dividends
with an element of capital growth by investing in a diversified portfolio of
solar power assets in North America and other OECD countries in the Americas.

The Company acquires or constructs, owns and operates solar power assets that
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).

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

About the Investment Manager

USF is managed by New Energy Solar Manager (NESM). NESM also manages New
Energy Solar, an Australian Securities Exchange (ASX)-listed fund.  NESM has
committed over US$1.3bn across US and Australian solar plants.

NESM is owned by E&P Funds, the funds management division of E&P
Financial Group, an ASX listed company (ASX: EP1) with over A$20 billion of
funds under advice.

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