24 Aug 2016 16:32
24 August 2016
NextEnergy Solar Fund Limited
Results of Annual General Meeting
The Board of NextEnergy Solar Fund Limited announces that, at the Annual General Meeting of the Company held today, 24 August 2016, all resolutions put to the meeting were approved by shareholders.
Details of the proxy votes lodged are set out below:
Ordinary Resolutions | For* | Against | Withheld** |
1. To receive and adopt the Financial Statements of the Company for the year ended 31 March 2016 | 211,688,367 | 1,236,963 | 0 |
2. To receive and adopt the Directors' Remuneration Report for the year ended 31 March 2016 | 212,924,931 | 0 | 399 |
3. To re-elect Mr Kevin Lyon | 211,826,806 | 1,004,685 | 93,839 |
4. To re-appoint PricewaterhouseCoopers CI LLP as Auditors to the Company | 211,687,417 | 1,236,963 | 950 |
5. To authorise the Directors to agree the remuneration for the auditors | 212,924,380 | 0 | 950 |
Special Resolutions |
|
|
|
6. To authorise the Directors to allot shares in the Company | 212,424,380 | 500,000 | 950 |
7. To authorise the Company to make market purchases of its own shares | 212,925,330 | 0 | 0 |
The full text of the resolutions may be found in the Notice of Annual General Meeting contained in the Report and Accounts for the year ended 31 March 2016, copies of which are available on both the Company's website www.nextenergysolarfund.com and on the National Storage Mechanism www.morningstar.co.uk/uk/NSM***. Details of the proxy votes lodged before the meeting will also be available shortly on the Company's website
A copy of the Special Resolutions passed at the Annual General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM***
* Includes discretionary votes received
** A vote withheld is not a vote in law and is not counted in the proportion of votes 'for' or 'against' a resolution
*** Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement
Increase in Tap Issuance Programme
As announced on 4 August 2016, following the issue (and sale from treasury) of, in aggregate, 54,885,000 shares, resulting in the full utilisation of the Directors' general authority to issue shares granted at the Company's 2015 Annual General Meeting, the Company had exhausted its capacity to issue further shares pursuant to the Tap Issuance Programme announced on 15 July 2016. Following the renewal, at today's Annual General Meeting, of the Directors' general authority to issue shares on a non-pre-emptive basis, the Directors have increased the size of the Tap Issuance Programme to include a further 9,215,926 new shares, being the maximum number of new shares that can now be issued without the Company being required to publish a prospectus.
Enquiries:
Company Secretary and Administrator
Ipes (Guernsey) Limited
Nicholas Robilliard
01481 713843
NextEnergy Solar (NESF)