TIDMBSIF
RNS Number : 9532U
Bluefield Solar Income Fund Limited
28 November 2023
28 November 2023
Bluefield Solar Income Fund Limited
('Bluefield Solar' or the 'Company')
Result of Annual General Meeting
Bluefield Solar (LON: BSIF), the London listed UK income fund
focused primarily on acquiring and managing solar energy assets,
announces that at the Annual General Meeting ("AGM") of the Company
held at 10.00 am on 28 November 2023, Ordinary Resolutions 1 to 12
and Special Resolutions 14 and 15 were passed without amendment.
Ordinary Resolution 13 did not pass.
The voting breakdown of all resolutions follow:
Resolution Votes For** Votes Against Votes Withheld*
1 - Ordinary 337,555,008 99.99% 38,590 0.01% 12,013
------------ -------- ------------ ------- ----------------
2 - Ordinary 319,616,841 94.72% 17,819,263 5.28% 169,507
------------ -------- ------------ ------- ----------------
3 - Ordinary 334,145,478 98.99% 3,404,454 1.01% 55,679
------------ -------- ------------ ------- ----------------
4 - Ordinary 330,128,407 98.97% 3,445,731 1.03% 4,031,473
------------ -------- ------------ ------- ----------------
5 - Ordinary 292,343,939 86.64% 45,069,084 13.36% 192,588
------------ -------- ------------ ------- ----------------
6 - Ordinary 334,148,826 99.00% 3,391,926 1.00% 64,859
------------ -------- ------------ ------- ----------------
7 - Ordinary 315,265,337 93.40% 22,276,819 6.60% 63,455
------------ -------- ------------ ------- ----------------
8 - Ordinary 315,454,750 94.65% 17,839,621 5.35% 4,311,240
------------ -------- ------------ ------- ----------------
9 - Ordinary 337,499,502 99.98% 65,399 0.02% 40,710
------------ -------- ------------ ------- ----------------
10 - Ordinary 337,583,645 100.00% 9,953 0.00% 12,013
------------ -------- ------------ ------- ----------------
11 - Ordinary 334,977,404 99.23% 2,612,874 0.77% 13,833
------------ -------- ------------ ------- ----------------
12 - Ordinary 332,798,910 98.58% 4,782,510 1.42% 22,691
------------ -------- ------------ ------- ----------------
13 - Ordinary 140,900,541 41.74% 196,644,593 58.26% 58,977
------------ -------- ------------ ------- ----------------
14 - Special 331,944,511 98.35% 5,579,893 1.65% 79,707
------------ -------- ------------ ------- ----------------
15 - Special 330,810,329 98.01% 6,708,580 1.99% 85,202
------------ -------- ------------ ------- ----------------
*A vote withheld is not a vote in law and is therefore not
counted towards the proportion of votes "for" or "against" the
Resolution.
** including discretionary votes.
The Company notes that the quantum and duration of the authority
to allot an unlimited number of shares sought under Resolution 13
is outside of acceptable norms for shareholders, and noting the
significant number of votes received against it, commits to seeking
an appropriate level of authority at the next AGM.
The full text of the Special Resolutions is noted below:
Resolution 14
That, in substitution for any existing disapplication authority
in force as at the date of this Annual General Meeting, the
Directors be and are hereby generally and unconditionally
authorised to allot, issue and/or sell equity securities for cash
as if article 6.2 of the Articles of Incorporation did not apply to
any such allotment, issue and/or sale, provided that this power
shall be limited to the allotment, issue and/or sale of up to 10
per cent. of the Ordinary Shares in issue as at the date of this
Annual General Meeting for the period expiring at the date falling
15 months after the date of the passing of this resolution or the
conclusion of the next annual general meeting of the Company,
whichever is earlier (unless previously renewed, varied or revoked
by the Company in a general meeting), save that the Company shall
be entitled to make offers or agreements before the expiry of such
power which would or might require equity securities to be allotted
and issued after such expiry and the Directors shall be entitled to
allot and issue equity securities pursuant to any such offer or
agreement as if the power conferred hereby had not expired.
Resolution 15
That, in addition to any existing authorities granted to the
Directors, the Directors be, and hereby are, empowered to allot,
issue and/or sell equity securities for cash as if article 6.2 of
the Articles of Incorporation did not apply to any such allotment,
issue and/or sale, provided that this power shall be limited to the
allotment, issue and/or sale of up to an additional 10 per cent. of
the Ordinary Shares in issue as at the date of this Annual General
Meeting for the period expiring at the date falling 15 months after
the date of the passing of this resolution or the conclusion of the
next annual general meeting of the Company, whichever is earlier
(unless previously renewed, varied or revoked by the Company in
general meeting), save that the Company shall be entitled to make
offers or agreements before the expiry of such power which would or
might require equity securities to be allotted and issued after
such expiry and the Directors shall be entitled to allot and issue
equity securities pursuant to any such offer or agreement as if the
power conferred hereby had not expired.
For further information:
Bluefield Partners LLP (Company Investment Tel: +44 (0) 20 7078 0020
Adviser) www.bluefieldllp.com
James Armstrong / Neil Wood / Giovanni
Terranova
Deutsche Numis (Company Broker) Tel: +44 (0) 20 7260 1000
Tod Davis / David Benda / Matt Goss www.dbnumis.com
Ocorian Administration (Guernsey) Limited Tel: +44 (0) 1481 742 742
(Company Secretary & Administrator) www.ocorian.com
Chezi Hanford
Media enquiries: Tel: +44 (0) 20 7466 5000
Buchanan (PR Adviser) www.buchanan.uk.com
Henry Harrison-Topham / Henry Wilson BSIF@buchanan.uk.com
About Bluefield Solar
Bluefield Solar is a London listed income fund focused primarily
on acquiring and managing solar energy assets. Not less than 75% of
the Company's gross assets will be invested into UK solar assets.
The Company can also invest up to 25% of its gross assets into
other technologies, such as wind and storage. Bluefield Solar owns
and operates a UK portfolio of 812MW, comprising 754MW of solar and
58MW of onshore wind.
Further information can be viewed at www.bluefieldsif.com
About Bluefield Partners
Bluefield Partners LLP was established in 2009 and is an
investment adviser to companies and funds investing in renewable
energy infrastructure. It has a proven record in the selection,
acquisition and supervision of large-scale energy assets in the UK
and Europe. The team has been involved in over GBP6.5 billion
renewable funds and/or transactions in both the UK and Europe,
including over GBP1 billion in the UK since December 2011.
Bluefield Partners LLP has led the acquisitions of, and
currently advises on, over 100 UK based solar PV assets that are
agriculturally, commercially or industrially situated. Based in its
London office, it is supported by a dedicated and experienced team
of investment, legal and portfolio executives. Bluefield Partners
LLP was appointed Investment Adviser to Bluefield Solar in June
2013.
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