NextEnergy Solar Fund Limited Notice of AGM Results (4351I)

TIDMNESF

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 GBP692m (including GBP100m 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 GBP269m, on a look-through basis and including at project level. Of this, GBP199m was long-term fully amortising financing, and GBP70m 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 [e-mail] or visit www.rns.com.

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August 08, 2019 07:15 ET (11:15 GMT)