US Solar Fund PLC Result of AGM (0442Z)

TIDMUSF TIDMUSFP

RNS Number : 0442Z

US Solar Fund PLC

18 May 2021

18 May 2021

US SOLAR FUND PLC (USF, the "Company")

Result of 2021 Annual General Meeting

US Solar Fund plc (LON: USF (USD)/USFP (GBP)), announces that at the Company's 2021 Annual General Meeting held today, all resolutions were passed by way of a poll and the results of the poll are set out below.

Resolutions 1 to 9 (inclusive) were proposed as ordinary resolutions and resolutions 10 and 11 were proposed as special resolutions.

 
          Resolution        Votes For*      %       Votes      %      Total votes      Total      Vote Withheld 
                                                    Against           validly cast      votes           ** 
                                                                                        cast 
                                                                                        as % 
                                                                                      of issued 
                                                                                        share 
                                                                                       capital 
      Receive annual 
       accounts for 
       period ended 
       31 December 
 1     2020                 207,583,112   100.00          0   0.00     207,583,112        62.49         270,212 
     --------------------  ------------  -------  ---------  -----  --------------  -----------  -------------- 
      Approve directors' 
       remuneration 
 2     report               207,573,904    99.99     30,096   0.01     207,604,000        62.50         249,324 
     --------------------  ------------  -------  ---------  -----  --------------  -----------  -------------- 
      Appointment 
       of external 
 3     auditor              207,579,212   100.00          0   0.00     207,579,212        62.49         274,112 
     --------------------  ------------  -------  ---------  -----  --------------  -----------  -------------- 
      Authorise the 
       Directors to 
       fix the auditor's 
 4     remuneration         207,581,031    99.99     28,709   0.01     207,609,740        62.50         243,584 
     --------------------  ------------  -------  ---------  -----  --------------  -----------  -------------- 
      Re-elect Gillian 
 5     Nott as a director   207,583,112   100.00          0   0.00     207,583,112        62.49         270,212 
     --------------------  ------------  -------  ---------  -----  --------------  -----------  -------------- 
      Re-elect Jamie 
       Richards as 
 6     a director           207,583,112   100.00          0   0.00     207,583,112        62.49         270,212 
     --------------------  ------------  -------  ---------  -----  --------------  -----------  -------------- 
      Re-elect Rachael 
       Nutter as a 
 7     director             207,583,544   100.00          0   0.00     207,583,544        62.49         269,780 
     --------------------  ------------  -------  ---------  -----  --------------  -----------  -------------- 
      Elect Thomas 
       Plagemann as 
 8     a director           207,583,112   100.00          0   0.00     207,583,112        62.49         270,212 
     --------------------  ------------  -------  ---------  -----  --------------  -----------  -------------- 
      Approval of 
 9     dividend policy      207,581,725    99.99     26,628   0.01     207,608,353        62.50         244,971 
     --------------------  ------------  -------  ---------  -----  --------------  -----------  -------------- 
      To authorise 
       the Company 
       to make market 
       purchase of 
       its own ordinary 
 10    shares               207,604,453   100.00      3,900   0.00     207,608,353        62.50         244,971 
     --------------------  ------------  -------  ---------  -----  --------------  -----------  -------------- 
      To permit general 
       meetings to 
       be called on 
 11    14 days' notice      207,579,212   100.00      3,900   0.00     207,583,112        62.49         270,212 
     --------------------  ------------  -------  ---------  -----  --------------  -----------  -------------- 
 

* Includes discretionary votes

** A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.

For further information, please contact:

 
US Solar Fund 
 Whitney V oûte    [phone] 
Cenkos Securities plc 
 Will Rogers 
 Rob Naylor 
 Will Talkington        [phone] 
KL Communications       [phone] 
Charles Gorman 
 Charlotte Stickings 
 

Notes:

Every shareholder has one vote for every Ordinary Share held. As at close of business on 14 May 2021, the share capital of the Company consisted of 332,192,361 Ordinary Shares with voting rights. The Company does not hold any shares in Treasury.

In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

About US Solar Fund plc

US Solar Fund plc listed on the premium segment of the London Stock Exchange in April 2019, following its successful US$200m IPO. The Company's investment objective is to provide investors with attractive and sustainable dividends with an element of capital growth by investing in a diversified portfolio of solar power assets in North America and other OECD countries in the Americas.

The Company acquires or constructs, owns and operates solar power assets that are expected to have an asset life of at least 30 years and generate stable and uncorrelated cashflows by selling electricity to creditworthy offtakers under long-term power purchase agreements (or PPAs).

Further information on the Company can be found on its website at http://www.ussolarfund.co.uk .

About the Investment Manager

USF is managed by New Energy Solar Manager (NESM). NESM also manages New Energy Solar, an Australian Securities Exchange (ASX)-listed fund. NESM manages over US$1.4bn of invested capital across US and Australian solar plants.

NESM is owned by E&P Funds, the funds management division of E&P Financial Group, an ASX listed company (ASX: EP1) with over A$20 billion of funds under advice.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

RAGAPMFTMTMBBLB

(END) Dow Jones Newswires

May 18, 2021 12:13 ET (16:13 GMT)