Foresight Slr Fnd Ld Foresight Solar Fund Limited : Result Of Egm, Net Asset Value And Dividend Announcement

 
TIDMFSFL 
 
 
   Result of EGM, Net Asset Value and Dividend Announcement 
 
   Result of EGM 
 
   Foresight Solar Fund Limited (the "Company") is pleased to announce that 
at the EGM held at 12 p.m. on Tuesday 18 October 2016, the Resolution 
was duly passed without amendment. 
 
   In accordance with LR 9.6.18, details of the Special Resolution passed 
follow: 
 
 
 
 
            In favour 
             (including discretionary)    Against Votes    Withheld* 
Resolution  Votes               %         Votes     %      Votes 
1           187,556,887         99.98     38,400    0.02   0 
 
 
   *A vote withheld is not a vote in law and is therefore not counted 
towards the proportion of votes "for" or "against" the Resolution. 
 
   The full wording of this resolution can be found below: 
 
   Resolution 1 
 
   THAT the directors of the Company be and are hereby generally empowered 
to allot ordinary shares of no par value in the capital of the Company 
(the "Ordinary Shares") carrying the rights, privileges and subject to 
the restrictions attached to the Ordinary Shares as set out in the 
articles of association of the Company or to grant rights to subscribe 
for or, to convert securities into Ordinary Shares ("equity securities"), 
for cash including by way of a sale of Ordinary Shares held by the 
Company as treasury shares, as if any pre-emption rights in relation to 
the issue of shares, as set out in Article 10(B) of the articles of 
association of the Company and in the Listing Rules made by the 
Financial Conduct Authority under Part VI of the Financial Services and 
Markets Act 2000 (as amended), did not apply to any such allotment of or 
grant of rights to subscribe for or to convert into equity securities, 
provided that this power: 
 
 
   1. shall expire at the conclusion of the Company's next annual general 
      meeting or on the date falling 15 months after the passing of this 
      resolution, whichever is earlier, save that the Company may, before such 
      expiry, make an offer or agreement which would or might require equity 
      securities to be allotted after such expiry and the Directors may allot 
      equity securities in pursuance of any such offer or agreement as if the 
      power conferred hereby had not expired; and 
 
   2. shall be limited to the allotment of up to 30,995,537 Ordinary Shares 
      (being approximately 10 per cent. of the issued share capital of the 
      Company as at 30 September 2016). 
 
 
   Net Asset Value 
 
   The Company announces that as at 30 September 2016, the unaudited Net 
Asset Value (" 
   NAV 
 
   ") per Ordinary Share was 100.7 pence (30 June 2016: 99.3 pence). The 
increase in NAV is mainly attributable to a combination of an upward 
adjustment in the Company's power curve, a change in Business Rate 
assumptions following a review by the Valuation Office Agency in 
September 2016 and ongoing portfolio optimisation measures implemented 
by the Investment Manager. 
   Dividend Announcement 
 
   The Company is also pleased to announced that the third Quarterly 
dividend of 1.54 pence per share was approved by the Directors and will 
be paid on the 30 December 2016. The Company remains on target to 
deliver a dividend of 6.17 pence per share for the financial year ended 
31 December 2016. 
 
   Dividend Timetable 
 
 
 
 
Ex-dividend Date  15 December 2016 
Record Date       16 December 2016 
Payment Date      30 December 2016 
 
 
   For further information, please contact: 
 
   Foresight Group 
 
   Elena Palasmith                [e-mail] 
[phone] 
 
   Stifel Nicolaus Europe Limited                           [phone] 
7600 
 
   Mark Bloomfield 
 
   Neil Winward 
 
   Tunga Chigovanyika 
 
   J.P. Morgan Cazenove                       [phone] 
 
   William Simmonds 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Foresight Solar Fund Limited via Globenewswire 
 
 
 
 

(END) Dow Jones Newswires

October 18, 2016 09:54 ET (13:54 GMT)

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