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NextEnergy SolFnd Ld (NESF)

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Thursday 08 August, 2019

NextEnergy SolFnd Ld

Notice of AGM Results

RNS Number : 4351I
NextEnergy Solar Fund Limited
08 August 2019
 

8 August 2019

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, 8 August 2019, 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 2019

385,989,588

62,619

1,000

2.    To approve the Directors' Remuneration Report for the year ended 31 March 2019

386,046,674

6,534

0

3.    To approve the Company's dividend policy

386,053,208

0

0

4.    To re-elect Kevin Lyon

386,051,258

1,000

950

5.    To re-elect Patrick Firth

385,988,638

63,619

950

6.    To re-elect Vic Holmes

385,988,638

63,619

950

7.    To re-elect Sharon Parr

386,051,258

1,000

950

8.    To elect Sue Inglis

384,539,321

1,508,866

950

9.    To re-appoint PricewaterhouseCoopers CI LLP as Auditor to the Company

384,535,576

5,815

1,511,816

10.  To authorise the Directors to agree the remuneration for the Auditor

385,855,786

195,472

1,950

Special Business - Special Resolutions

 

 

 

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

335,813,946

50,233,496

5,765

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

386,046,431

4,000

2,777

13.  To approve the amended Articles of Incorporation

386,043,443

1,000

8,765

14.  To authorise the Directors to allot preference shares in the Company

371,098,771

14,948,671

5,765

 

 

The full text of the resolutions may be found in the Notice of Annual General Meeting dated 9 July 2019, which is 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

 

For further information, please contact:

 

NextEnergy Capital Limited

 

020 3746 0700

Michael Bonte-Friedheim

 

Aldo Beolchini

 

 

 

 

Cantor Fitzgerald Europe

020 7894 7719

Robert Peel

 

 

 

 

Shore Capital

020 7408 4090

Anita Ghanekar

 

 

 

Macquarie Capital (Europe) Limited

020 3037 2000

Nick Stamp

 

 

 

 

 

 

MHP Communications

020 3128 8100

Oliver Hughes
 

Apex Fund and Corporate Services (Guernsey) Limited  

01481 735827

Nicholas Robilliard

 

 

Notes to Editors:

 

NESF is a specialist investment company that invests primarily in operating solar power plants in the UK. It is able to invest up to 15% of its Gross Asset Value in operating solar power plants in OECD countries outside the UK. The Company's objective is to secure attractive shareholder returns through RPI-linked dividends and long-term capital growth. The Company achieves this by acquiring solar power plants on agricultural, industrial and commercial sites.

 

As at 31 March 2019, NESF has raised equity proceeds of £692m (including £100m of preference shares) since its initial public offering on the main market of the London Stock Exchange in April 2014. The Company's subsidiaries have financial debt outstanding of £269m, on a look-through basis and including at project level. Of this, £199m was long-term fully amortising financing, and £70m was drawn under a short-term credit facility.

 

NESF is differentiated by its access to NextEnergy Capital Group ("NEC Group"), its Investment Manager, which has a strong track record in sourcing, acquiring and managing operating solar assets.  WiseEnergy is NEC Group's specialist operating asset management division and over the course of its activities has provided operating asset management, monitoring, technical due diligence and other services to over 1,300 utility-scale solar power plants with an installed capacity in excess of 1.9 GW.

 

Further information on NESF, NEC Group and WiseEnergy is available at nextenergysolarfund.com, nextenergycapital.com and wise-energy.eu.

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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