US Solar Fund PLC Result of AGM (5458A)

TIDMUSF TIDMUSFP

RNS Number : 5458A

US Solar Fund PLC

24 May 2023

24 May 2023

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

Result of 2023 Annual General Meeting

US Solar Fund plc (LON: USF (USD)/USFP (GBP)), announces that at the Company's 2023 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 10 (inclusive) were proposed as ordinary resolutions and resolutions 11 and 12 were proposed as special resolutions.

 
          Resolution        Votes For*      %      Votes Against     %       Total votes      Total      Vote Withheld 
                                                                             validly cast      votes           ** 
                                                                                               cast 
                                                                                               as % 
                                                                                             of issued 
                                                                                               share 
                                                                                              capital 
      Receive annual 
       accounts for 
       period ended 
       31 December 
 1     2022                 211,568,079   99.99%          21,387    0.01%     211,589,466       63.69%         119,788 
     --------------------  ------------  -------  --------------  -------  --------------  -----------  -------------- 
      Approve directors' 
       remuneration 
 2     report               211,438,456   99.93%         139,995    0.07%     211,578,451       63.69%         130,803 
     --------------------  ------------  -------  --------------  -------  --------------  -----------  -------------- 
      Approve directors' 
       remuneration 
 3     policy               211,432,716   99.93%         149,898    0.07%     211,582,614       63.69%         126,640 
     --------------------  ------------  -------  --------------  -------  --------------  -----------  -------------- 
      Appointment 
       of external 
 4     auditor              211,508,760   99.95%         115,398    0.05%     211,624,158       63.71%          85,096 
     --------------------  ------------  -------  --------------  -------  --------------  -----------  -------------- 
      Authorise the 
       Directors to 
       fix the auditor's 
 5     remuneration         211,564,529   99.99%          24,937    0.01%     211,589,466       63.69%         119,788 
     --------------------  ------------  -------  --------------  -------  --------------  -----------  -------------- 
      Re-elect Gillian 
 6     Nott as a director   156,026,586   83.71%      30,371,991   16.29%     186,398,577       56.11%      25,310,677 
     --------------------  ------------  -------  --------------  -------  --------------  -----------  -------------- 
      Re-elect Jamie 
       Richards as 
 7     a director           157,648,526   99.95%          81,481    0.05%     157,730,007       47.48%      53,979,247 
     --------------------  ------------  -------  --------------  -------  --------------  -----------  -------------- 
      Re-elect Rachael 
       Nutter as a 
 8     director             156,442,428   99.18%       1,287,579    0.82%     157,730,007       47.48%      53,979,247 
     --------------------  ------------  -------  --------------  -------  --------------  -----------  -------------- 
      Re-elect Thomas 
       Plagemann as 
 9     a director           157,648,526   99.95%          81,481    0.05%     157,730,007       47.48%      53,979,247 
     --------------------  ------------  -------  --------------  -------  --------------  -----------  -------------- 
      Approval of 
 10    dividend policy      211,566,692   99.99%          21,387    0.01%     211,588,079       63.69%         121,175 
     --------------------  ------------  -------  --------------  -------  --------------  -----------  -------------- 
      To authorise 
       the Company 
       to make market 
       purchase of 
       its own ordinary 
 11    shares               211,520,067   99.97%          61,587    0.03%     211,581,654       63.69%         127,600 
     --------------------  ------------  -------  --------------  -------  --------------  -----------  -------------- 
      To permit general 
       meetings to 
       be called on 
 12    14 days' notice      211,485,207   99.95%         104,259    0.05%     211,589,466       63.69%         119,788 
     --------------------  ------------  -------  --------------  -------  --------------  -----------  -------------- 
 

* 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 22 May 2022, 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 has committed over US$1.3bn 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.

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May 24, 2023 10:34 ET (14:34 GMT)