Bluefield Solar Income Fund Limited Result of AGM (9191X)

TIDMBSIF

RNS Number : 9191X

Bluefield Solar Income Fund Limited

30 November 2017

29 November 2017

Bluefield Solar Income Fund Limited

('Bluefield Solar' or the 'Company')

Result of Annual General Meeting

Bluefield Solar (LON:BSIF), a sterling income fund that invests in UK-based solar assets, announces that at the Annual General Meeting ("AGM") of the Company held at 11.00 am, 29 November 2017, resolutions 1 to 11 were passed without amendment and Special Resolution 12 failed.

Resolution 12

That, in substitution for any existing disapplication authority in force as at the date of this Annual General Meeting, the Directors be and are hereby authorised to allot, issue and/or sell equity securities for cash as if article 6.2 of the Articles did not apply to any such allotment, issue and/or sale, provided that this power shall be limited to the allotment, issue and/or sale of up to 20 per cent. of the Ordinary Shares in issue as at the date of this Annual General Meeting for the period expiring at the date falling 15 months after the date of the passing of this resolution or the conclusion of the next annual general meeting of the Company, whichever is earlier (unless previously renewed, varied or revoked by the Company in a general meeting), save that the Company shall be entitled to make offers or agreements before the expiry of such power which would or might require equity securities to be allotted and issued after such expiry and the Directors shall be entitled to allot and issue equity securities pursuant to any such offer or agreement as if the power conferred hereby had not expired.

The voting breakdown of all resolutions follow:

 
 Resolution                          Votes For         Votes Against   Votes Withheld* 
                     (including discretionary) 
---------------  -----------------------------  --------------------  ---------------- 
 1 - Ordinary           189,987,286     99.98%       37,610    0.02%                 0 
---------------  ------------------  ---------  -----------  -------  ---------------- 
 2 - Ordinary           190,014,011     99.99%        8,886    0.01%             2,000 
---------------  ------------------  ---------  -----------  -------  ---------------- 
 3 - Ordinary           189,985,286     99.98%       37,610    0.02%             2,000 
---------------  ------------------  ---------  -----------  -------  ---------------- 
 4 - Ordinary           189,782,088     99.87%      240,809    0.13%             2,000 
---------------  ------------------  ---------  -----------  -------  ---------------- 
 5 - Ordinary           189,782,088     99.87%      240,809    0.13%             2,000 
---------------  ------------------  ---------  -----------  -------  ---------------- 
 6 - Ordinary           141,143,623     74.28%   48,849,775   25.71%            31,498 
---------------  ------------------  ---------  -----------  -------  ---------------- 
 7 - Ordinary           178,930,252       100%            0       0%        11,094,644 
---------------  ------------------  ---------  -----------  -------  ---------------- 
 8 - Ordinary           190,020,464     99.99%        2,433    0.01%             2,000 
---------------  ------------------  ---------  -----------  -------  ---------------- 
 9 - Ordinary           190,022,464     99.99%        2,433    0.01%                 0 
---------------  ------------------  ---------  -----------  -------  ---------------- 
 10 - Ordinary          190,024,897       100%            0       0%                 0 
---------------  ------------------  ---------  -----------  -------  ---------------- 
 11 - Ordinary          190,018,464     99.99%        4,433    0.01%             2,000 
---------------  ------------------  ---------  -----------  -------  ---------------- 
 12 - Special           139,039,157     73.16%   50,983,739   26.84%             2,000 
---------------  ------------------  ---------  -----------  -------  ---------------- 
 

*A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "for" or "against" the Resolution.

For further information:

 
 Bluefield Partners LLP (Company        Tel: [phone] 
  Investment Adviser)                    www.bluefieldllp.com 
  James Armstrong / Mike Rand 
  / Giovanni Terranova 
 Numis Securities Limited (Company      Tel: [phone] 
  Broker)                                www.numis.com 
  Tod Davis / David Benda 
 Heritage International Fund            Tel: [phone] 
  Managers Limited                       000 
  (Company Secretary & Administrator)    www.heritage.co.gg 
  Kevin Smith 
 Media enquiries: 
  Buchanan (PR Adviser)                  Tel: [phone] 
  Henry Harrison-Topham / Vicky          www.buchanan.uk.com 
  Hayns / Henry Wilson                   [e-mail] 
 

Notes to Editors

About Bluefield Solar

Bluefield Solar is a sterling income fund focused on acquiring and managing UK-based solar projects to generate stable renewable energy for periods of typically 25 years or longer. The Company's primary objective is to deliver to its shareholders, stable, long term sterling income via quarterly dividends, which are linked to RPI. The majority of the Group's revenue streams are regulated and non-correlated to traditional markets. Bluefield Solar owns and operates one of the UK's largest, diversified portfolios of solar assets with a combined installed power capacity in excess of 440MWp.

Further information can be viewed at www.bluefieldsif.com.

About Bluefield Partners LLP ('Bluefield')

Bluefield was established in 2009 and is an investment adviser to companies and funds investing in solar energy infrastructure. It has a proven record in the selection, acquisition and supervision of large scale energy and infrastructure assets in the UK and Europe. The team has been involved in over GBP1.25 billion of solar PV funds and/or transactions in both the UK and Europe since 2008, including over GBP500 million in the UK since December 2011.

Bluefield has led the acquisitions of, and currently advises on, over 70 UK based solar PV assets that are agriculturally, commercially or industrially situated. Based in its London office, Bluefield's partners are supported by a dedicated and highly experienced team of investment, legal and portfolio executives. Bluefield was appointed Investment Adviser to the Company in June 2013.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 30, 2017 02:01 ET (07:01 GMT)