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NextEnergy Solar Fnd (NESF)

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Monday 09 August, 2021

NextEnergy Solar Fnd

Result of AGM

RNS Number : 0398I
NextEnergy Solar Fund Limited
09 August 2021
 

 

 

LEI: 213800ZPHCBDDSQH5447

9 August 2021

 

NextEnergy Solar Fund Limited


("NESF" or the "Company")

 

Results of Annual General Meeting

 

The Board of NextEnergy Solar Fund Limited announces that, at the Annual General Meeting of the Company held today, 9 August 2021, all resolutions put to the meeting were approved by shareholders.

 

Ordinary Business - Ordinary Resolutions

For*

Against

Withheld**

1.  To receive and adopt the Financial Statements of the Company for the year ended 31 March 2021

365,669,025

462,685

85,001

2.  To approve the Directors' remuneration report for the year ended 31 March 2021

366,027,644

103,668

85,399

3.  To approve the Company's dividend policy

366,125,888

49,823

41,000

4.  To re-elect Kevin Lyon

365,623,919

507,392

85,400

5.  To re-elect Patrick Firth

363,507,669

2,623,642

85,400

6.  To re-elect Vic Holmes

365,659,884

471,428

85,399

7.  To re-elect Jo Peacegood

366,064,048

67,264

85,399

8.  To re-appoint KPMG Channel Islands Limited as auditors to the Company

366,017,872

113,839

85,000

9.  To authorise the Directors to set the remuneration of the auditor

365,863,524

268,187

85,000

Special Business - Special Resolutions




10.  To authorise the Directors to allot ordinary shares in the Company

365,835,991

325,660

55,060

11.  To authorise the Directors to allot additional ordinary shares in the Company

321,605,657

44,555,993

55,061

12.  To authorise the Company to make market purchases of its own shares

364,170,495

1,971,435

74,781

 

The full text of the resolutions may be found in the Notice of Annual General Meeting dated 12 July 2021, which is available on both the Company's website nextenergysolarfund.com and on the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism *** . 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 https://data.fca.org.uk/#/nsm/nationalstoragemechanism

*** .

 

*   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

 

For further information:

NextEnergy Capital Group

020 3746 0700

Michael Bonte-Friedheim

[email protected]

Aldo Beolchini

Ross Grier

Peter Hamid (Investor Relations)




Cenkos Securities

020 7397 8900

James King

William Talkington




Shore Capital

020 7408 4090

Anita Ghanekar

Sarah Mather






Camarco

020 3781 8334

Owen Roberts

Eddie Livingstone-Learmonth



Apex Fund and Corporate Services (Guernsey) Limited

01481 735 827

Nick Robilliard

Duke Le Prevost

 

Notes to Editors1 :

 

About NextEnergy Solar Fund

NESF is a renewable energy infrastructure investment company that currently invests in operating solar power plants in the UK and Italy. The Company may invest up to 30% of its gross asset value in non-UK OECD countries, 15% in private equity structures, and 10% in standalone energy storage.

 

NESF currently has a diversified portfolio comprising 94 operating solar assets, primarily on agricultural, industrial, and commercial sites, with a combined installed power capacity of c.814MWp.

 

As at 31 March 2021, the Company had gross assets of £1,025 million, of which 89% was invested in the UK, and net assets of £581 million. The majority of long-term cash flows from its investments are inflation-linked.

 

NESF's investment objective is to provide ordinary shareholders with attractive risk-adjusted returns, principally in the form of regular dividends, by investing in a diversified portfolio of primarily UK-based solar energy infrastructure assets.

 

For further information on NESF please visit nextenergysolarfund.com

 

Commitment to ESG

NESF is committed to ESG principles and responsible investment which make a meaningful contribution to reducing CO2 emissions through the generation of clean solar power. NESF will only select investments that meet the requirements of NEC Group's Sustainable Investment Policy. Based on this policy, NESF benefits from NEC's rigorous ESG due diligence on each investment. NESF is committed to reporting on its ESG performance in accordance with the UN Sustainable Development Goals framework and the EU Sustainable Finance Disclosure Regulation.

 

NESF has been awarded the London Stock Exchange's Green Economy Mark and has been designated a Guernsey Green Fund by the Guernsey Financial Services Commission.

 

NESF's sustainability-related disclosures in the financial services sector in accordance with Regulation (EU) 2019/2088 can be accessed on the ESG section of both the NESF website ( nextenergysolarfund.com/esg/ ) & NEC Group website ( nextenergycapital.com/sustainability/transparency-and-reporting/ ).

 

About NextEnergy Capital Group ("NEC Group")

NESF is managed by the NextEnergy Capital Group, a specialist solar investment manager, which has a strong track record in sourcing, acquiring, and managing operating solar assets.  NEC Group is a leading player in the global solar investment sector and has over 190 team members with offices in UK, Italy, India, and the USA and assets under management of over $2.8bn across three institutional funds.

 

NextEnergy Capital Group donates 5% of its net annual profits to NextEnergy Foundation. NextEnergy Foundation is an international charity that was founded in 2016. Its mission is to participate proactively in the global effort to reduce carbon emissions, provide clean power sources in regions where they are not yet available, and contribute to poverty alleviation.

 

For further information on NEC Group please visit  nextenergycapital.com    

For further information on NextEnergy Foundation visit nextenergyfoundation.org  

 

About WiseEnergy

WiseEnergy is NEC Group's specialist operating asset management division.  NESF is differentiated by its access to WiseEnergy, which has provided operating asset management, monitoring, technical due diligence, and other services to over 1,500 utility-scale solar power plants with an installed capacity in excess of 2.3GW.

 

For further information on Wise Energy please visit wise-energy.com  

 

 

[1] Note: All financial data is as at 31 March 2021, being the latest date in respect of which NESF has published financial information

 

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