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 +1 718 230 4329
Cenkos Securities plc
Will Rogers
Rob Naylor
Will Talkington +44 20 7397 8900
KL Communications +44 20 3995 6673
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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