RNS Number : 9871D
Foresight Sustain. Forestry Co PLC
21 February 2024
 

21 February 2024

 

Foresight Sustainable Forestry Company Plc

("FSF" or "the Company")

 

Results of Annual General Meeting

 

The board of directors of the Company is pleased to announce that at the Annual General Meeting of the Company held on 21 February 2024, all of the resolutions were passed on a show of hands. The voting was as follows:

 

Resolution

Votes For (including discretion)

%

Votes Against

%

1 - Receive the annual report for the period to 30 September 2023

117,676,299

100.00

3,180

0.00

2 - Approve the directors' remuneration report

117,602,969

99.95

64,305

0.05

3 - Re-elect Richard Davidson as a director

117,614,255

99.98

28,911

0.02

4 - Re-elect Sarika Patel as a director

117,616,053

99.98

28,206

0.02

5 - Re-elect Christopher Sutton as a director

117,616,901

99.98

26,265

0.02

6 - Re-elect Josephine Bush as a director

117,617,900

99.98

25,265

0.02

7 - Re-appointment of external auditor

117,596,332

99.95

63,691

0.05

8 - Authorise the directors to fix the auditor's remuneration

117,641,605

99.97

33,753

0.03

9 - Authorise the directors to allot shares in the Company

117,599,181

99.93

80,141

0.07

10 - Approval of investment policy

115,054,521

99.97

37,409

0.03

11 - Authorise the directors to allot equity securities

117,507,084

99.86

169,239

0.14

12 - Authorise the Company to make market purchase of its own ordinary shares

117,630,179

99.96

52,950

0.04

13 - Permit general meetings to be called on 14 days' notice

117,486,690

99.84

187,108

0.16

 

 

END

 

For further information, please contact:

Foresight Sustainable Forestry Company Plc

fsfc@foresightgroup.eu

Robert Guest

+44 (0)20 3667 8100

Richard Kelly




Stifel Nicolaus Europe Limited

+44 (0)20 7710 7600

Edward Gibson-Watt


Bruno Benega


Rajpal Padam


Catriona Neville




SEC Newgate

fsf@secnewgate.co.uk

Elisabeth Cowell

+44 (0)20 3757 6882

 

Notes to Editors

Foresight Sustainable Forestry Company Plc is an externally managed investment company investing in a diversified portfolio of UK forestry and afforestation assets. Targeting a net total return of more than CPI +5% per annum on a rolling five-year basis, the Company provides investors with the opportunity for real returns and capital appreciation driven by the prevailing global imbalance between supply and demand for timber; the inflation-protection qualities of UK land freeholds; and biological tree growth of 3% to 4% not correlated to financial markets. It also offers outstanding sustainability and ESG attributes and access to carbon units related to carbon sequestration from new afforestation planting. The Company targets value creation as the afforestation projects successfully achieve development milestones in the process of converting open ground into established commercial forest and woodland areas. The Company is seeking to make a direct contribution in the fight against climate change through forestry and afforestation carbon sequestration initiatives and to preserve and proactively enhance natural capital and biodiversity across its portfolio. It is managed by Foresight Group LLP.

The Company's LEI is 213800W5S9JG5JFGYO91.

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