Share Name Share Symbol Market Type Share ISIN Share Description
Bluefield Solar Income Fund Limited LSE:BSIF London Ordinary Share GG00BB0RDB98 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 0.76% 133.00 132.50 133.50 133.00 132.00 132.00 365,145 15:09:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.7 44.9 12.2 10.9 493

Bluefield Solar Income Fund Limited Result of AGM

26/11/2019 4:09pm

UK Regulatory (RNS & others)


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RNS Number : 7484U

Bluefield Solar Income Fund Limited

26 November 2019

26 November 2019

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, 26 November 2019, Ordinary Resolutions 1 to 12 and Special Resolution 13 were passed without amendment.

Resolution 13

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 generally and unconditionally authorised to allot, issue and/or sell equity securities for cash as if article 6.2 of the Articles of Incorporation 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 10 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* 
 1 - Ordinary     195,389,686   99.98%    38,722       0.02%    13,345 
                 ------------  --------  -----------  -------  ---------------- 
 2 - Ordinary     195,330,246   99.97%    52,168       0.03%    59,340 
                 ------------  --------  -----------  -------  ---------------- 
 3 - Ordinary     194,397,974   99.52%    943,869      0.48%    99,910 
                 ------------  --------  -----------  -------  ---------------- 
 4 - Ordinary     195,280,343   99.96%    81,500       0.04%    79,910 
                 ------------  --------  -----------  -------  ---------------- 
 5 - Ordinary     195,290,904   99.96%    70,939       0.04%    79,910 
                 ------------  --------  -----------  -------  ---------------- 
 6 - Ordinary     164,575,633   84.24%    30,786,210   15.77%   79,910 
                 ------------  --------  -----------  -------  ---------------- 
 7 - Ordinary     195,316,074   99.98%    45,770       0.02%    79,910 
                 ------------  --------  -----------  -------  ---------------- 
 8 - Ordinary     188,023,644   99.97%    55,677       0.03%    7,362,432 
                 ------------  --------  -----------  -------  ---------------- 
 9 - Ordinary     195,379,004   99.98%    42,751       0.02%    19,999 
                 ------------  --------  -----------  -------  ---------------- 
 10 - Ordinary    195,348,597   99.96%    81,603       0.04%    11,554 
                 ------------  --------  -----------  -------  ---------------- 
 11 - Ordinary    195,439,610   100.00%   0            0%       2,144 
                 ------------  --------  -----------  -------  ---------------- 
 12 - Ordinary    195,227,562   99.90%    201,440      0.1%     12,752 
                 ------------  --------  -----------  -------  ---------------- 
 13 - Special     195,153,114   99.87%    247,830      0.13%    40,810 
                 ------------  --------  -----------  -------  ---------------- 
 

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

** including discretionary votes.

For further information:

 
  Bluefield Partners LLP (Company Investment       Tel: +44 (0) 20 7078 0020 
    Adviser)                                         www.bluefieldllp.com 
    James Armstrong / Mike Rand / Giovanni 
    Terranova 
 
    Numis Securities Limited (Company Broker)        Tel: +44 (0) 20 7260 1000 
    Tod Davis / David Benda                          www.numis.com 
 
    Estera International Fund Managers (Guernsey)    Tel: +44 (0) 1481 742 742 
    Limited                                          www.estera.com 
    (Company Secretary & Administrator) 
    Kevin Smith 
 
    Media enquiries:                                 Tel: +44 (0) 20 7466 5000 
    Buchanan (PR Adviser)                            www.buchanan.uk.com 
    Henry Harrison-Topham / Henry Wilson             BSIF@buchanan.uk.com 
 

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 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 465MWp. 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 GBP1.5 billion of solar PV funds and/or transactions in both the UK and Europe since 2008, including over GBP800 million in the UK since December 2011.

Bluefield has led the acquisitions of, and currently advises on over 85 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 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 rns@lseg.com or visit www.rns.com.

END

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