Result of AGM

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 Whitney Voûte	[phone]
Cenkos Securities plc Will Rogers Rob Naylor Will Talkington	[phone]
KL Communications	[phone]
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.

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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