Last checked at 21 Feb 2024 15:57
21 February 2024
Foresight Sustainable Forestry Company Plc
("FSF" or "the Company")
Results of Annual General Meeting
The board of directors of the Company is pleased to announce that at the Annual General Meeting of the Company held on 21 February 2024, all of the resolutions were passed on a show of hands. The voting was as follows:
Resolution | Votes For (including discretion) | % | Votes Against | % |
1 - Receive the annual report for the period to 30 September 2023 | 117,676,299 | 100.00 | 3,180 | 0.00 |
2 - Approve the directors' remuneration report | 117,602,969 | 99.95 | 64,305 | 0.05 |
3 - Re-elect Richard Davidson as a director | 117,614,255 | 99.98 | 28,911 | 0.02 |
4 - Re-elect Sarika Patel as a director | 117,616,053 | 99.98 | 28,206 | 0.02 |
5 - Re-elect Christopher Sutton as a director | 117,616,901 | 99.98 | 26,265 | 0.02 |
6 - Re-elect Josephine Bush as a director | 117,617,900 | 99.98 | 25,265 | 0.02 |
7 - Re-appointment of external auditor | 117,596,332 | 99.95 | 63,691 | 0.05 |
8 - Authorise the directors to fix the auditor's remuneration | 117,641,605 | 99.97 | 33,753 | 0.03 |
9 - Authorise the directors to allot shares in the Company | 117,599,181 | 99.93 | 80,141 | 0.07 |
10 - Approval of investment policy | 115,054,521 | 99.97 | 37,409 | 0.03 |
11 - Authorise the directors to allot equity securities | 117,507,084 | 99.86 | 169,239 | 0.14 |
12 - Authorise the Company to make market purchase of its own ordinary shares | 117,630,179 | 99.96 | 52,950 | 0.04 |
13 - Permit general meetings to be called on 14 days' notice | 117,486,690 | 99.84 | 187,108 | 0.16 |
END
For further information, please contact:
Foresight Sustainable Forestry Company Plc | fsfc@foresightgroup.eu |
Robert Guest | +44 (0)20 3667 8100 |
Richard Kelly | |
Stifel Nicolaus Europe Limited | +44 (0)20 7710 7600 |
Edward Gibson-Watt | |
Bruno Benega | |
Rajpal Padam | |
Catriona Neville | |
SEC Newgate | fsf@secnewgate.co.uk |
Elisabeth Cowell | +44 (0)20 3757 6882 |
Notes to Editors
Foresight Sustainable Forestry Company Plc is an externally managed investment company investing in a diversified portfolio of UK forestry and afforestation assets. Targeting a net total return of more than CPI +5% per annum on a rolling five-year basis, the Company provides investors with the opportunity for real returns and capital appreciation driven by the prevailing global imbalance between supply and demand for timber; the inflation-protection qualities of UK land freeholds; and biological tree growth of 3% to 4% not correlated to financial markets. It also offers outstanding sustainability and ESG attributes and access to carbon units related to carbon sequestration from new afforestation planting. The Company targets value creation as the afforestation projects successfully achieve development milestones in the process of converting open ground into established commercial forest and woodland areas. The Company is seeking to make a direct contribution in the fight against climate change through forestry and afforestation carbon sequestration initiatives and to preserve and proactively enhance natural capital and biodiversity across its portfolio. It is managed by Foresight Group LLP.
The Company's LEI is 213800W5S9JG5JFGYO91.