Last checked at 23 Jun 2020 12:18
23 June 2020
US SOLAR FUND PLC (USF, the "Company")
Result of 2020 Annual General Meeting
US Solar Fund plc (LON: USF (USD)/USFP (GBP)), announces that at the Company's 2020 Annual General Meeting held today, all resolutions were passed on a show of hands and the results of the proxy votes received are set out below.
Resolutions 1 to 9 (inclusive) were proposed as ordinary resolutions and resolutions 10 to 11 (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 2019 | 138,043,635 | 100.00 | 0 | 0.00 | 138,043,635 | 68.99 | 0 |
2 | Approve directors' remuneration report | 138,043,635 | 100.00 | 0 | 0.00 | 138,043,635 | 68.99 | 0 |
3 | Approve the remuneration policy | 138,043,635 | 100.00 | 0 | 0.00 | 138,043,635 | 68.99 | 0 |
4 | Approve the company's dividend policy | 138,043,635 | 100.00 | 0 | 0.00 | 138,043,635 | 68.99 | 0 |
5 | Re-elect Gillian Nott as a director | 138,043,635 | 100.00 | 0 | 0.00 | 138,043,635 | 68.99 | 0 |
6 | Re-elect Jamie Richards as a director | 138,043,635 | 100.00 | 0 | 0.00 | 138,043,635 | 68.99 | 0 |
7 | Re-elect Rachael Nutter as a director | 138,043,635 | 100.00 | 0 | 0.00 | 138,043,635 | 68.99 | 0 |
8 | To re-appoint Deloitte LLP as the Company's auditor | 138,043,635 | 100.00 | 0 | 0.00 | 138,043,635 | 68.99 | 0 |
9 | To authorise the board of directors to determine the auditors remuneration | 138,043,635 | 100.00 | 0 | 0.00 | 138,043,635 | 68.99 | 0 |
10 | To authorise the Company to make market purchase of its own ordinary shares | 138,043,635 | 100.00 | 0 | 0.00 | 138,043,635 | 68.99 | 0 |
11 | To permit general meetings to be called on 14 days' notice | 138,043,635 | 100.00 | 0 | 0.00 | 138,043,635 | 68.99 | 0 |
* 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 Whitney Voûte
| +1 718 230 4329 |
Cenkos Securities plc Will Rogers Rob Naylor Will Talkington
| +44 20 7397 8900 |
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 19 June 2020, the share capital of the Company consisted of 200,092,323 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.
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 which has committed over US$900m to US and Australian solar plants since late 2015.
NESM is owned by Walsh & Company, the funds management division of Evans Dixon, an ASX-listed company (ASX: ED1) with over A$20 billion of funds under advice and management.