Notice of 2020 Annual General Meeting

RNS Number : 6935Q

Foresight Solar Fund Limited

23 June 2020

 

23 June 2020

Foresight Solar Fund Limited

("Foresight Solar" or the "Company")

Notice of 2020 Annual General Meeting

Foresight Solar, a fund investing in a diversified portfolio of ground-based solar PV assets in the UK and internationally, is pleased to announce that the 2020 Notice of Annual General Meeting is now available to view on the Company's website at fsfl.foresightgroup.eu/investor-relations/publications/ .

The Company's AGM will be held at 28 Esplanade, St. Helier, Jersey, JE2 3QA at 9:00 a.m. on Thursday, 16 July 2020.

The formal Notice of the Annual General Meeting will be posted to all shareholders and in accordance with Listing Rule 9.6.1 copies of the documents have been submitted to the FCA and will shortly be available for inspection from the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

As you may know, we are required by the Companies (Jersey) Law 1991 (the "Companies Law") to lay our accounts before a general meeting of the Company within 7 months of the end of the Company's financial year. Given the unprecedented circumstances surrounding the COVID-19 pandemic, the Board will comply with the Companies Law by holding the AGM, in accordance with the Company's articles of association (the "Articles"),  but has decided to put in place contingency arrangements that mean the AGM will not follow its usual format. Only the statutory, formal business (consisting of voting on the resolutions proposed in the Notice of AGM only) to meet the minimum legal requirements will be conducted.

It is not anticipated that the directors or representatives of the Company's Investment Manager, will be present in person, other than those persons required to form a quorum under the Company's Articles. In light of the latest social distancing measures and latest Government guidance, Shareholders should not attend the AGM in person and, in accordance with the Articles, the Board may impose entry restrictions on attendance at the AGM in order to ensure the health, wellbeing and safety of the Company's Shareholders and officers as well as compliance with the venue's security requirements.

Although this is not the way the Company usually holds its AGM, the Board considers that given the social distancing measures currently in force and in light of the latest published guidance from the Government, proceeding with an AGM in the format described above is in the best interests not only of the Company, but also of each of its individual Shareholders.

If circumstances change and if social distancing measures are relaxed before the AGM, the Company will notify Shareholders of any changes to the proposed format for the AGM as soon as possible via RNS and its website ( https://fsfl.foresightgroup.eu/ ).

Shareholders are encouraged to vote on the resolutions to be proposed at the AGM by completing the form of proxy in line with the instructions set out therein. Shareholders may also submit their proxy votes online by registering at www.investorcentre.co.uk/eproxy and entering the Control Number, Shareholder Reference Number (SRN) and PIN set out in the form of proxy.

The Board considers that all of the resolutions to be proposed at the AGM are in the best interests of the Company and its members as a whole.

Accordingly, the Board unanimously recommends that Shareholders vote in favour of the Resolutions to be proposed at the AGM as each of the Directors intend to do in relation to the Ordinary Shares in respect of which they have voting control.

If you have any questions that you would like to put to the Board or the Foresight Group please contact the Company Secretary, by email at [e-mail] , by no later than close of business on Friday, 10 July 2020.

The Board regrets not being able to hold the AGM in its usual format this year, but we hope you appreciate the reasons behind these changes.  We believe they are necessary in order to comply with the Companies Law and, at the same time given the current circumstances surrounding the COVID 19 pandemic, ensure the health, wellbeing and safety of the Company's Shareholders and officers as well as compliance with the venue's security requirements.  That said, we recognise that receiving an email, letter, announcement or website update is no substitute for being able to meet with your Board and your Investment Manager. Accordingly, the Board, in consultation with the Investment Manager, will endeavour to provide Shareholders with a further opportunity to engage with the Board and the Investment Manager later in the year and will be providing Shareholders with trading updates as soon as it is appropriate to do so.

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For further information, please contact:

Foresight Group Jonathon McManus [e-mail]	[phone]
Jefferies International Limited Neil Winward Gaudi Le Roux	[phone]
Citigate Dewe Rogerson Nick Hayns Elizabeth Kittle Lucy Eyles	[phone]
JTC (Jersey) Limited Christopher Gibbons [e-mail]	[phone]

LEI: 213800VO4O83JVSSOX33

 

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