TIDMNESF
RNS Number : 5532J
NextEnergy Solar Fund Limited
16 August 2023
NextEnergy Solar Fund Limited
("NESF" or the "Company")
Results of Annual General Meeting
NextEnergy Solar Fund, the specialist solar+ fund announces that
all resolutions were approved by shareholders at the Annual General
Meeting of the Company held today, 16 August 2023.
Ordinary Business - Ordinary Resolutions For Against Withheld*
1. To receive and adopt the Financial
Statements of the Company for the year
ended 31 March 2023 341,829,422 67,640 38,411
------------ ----------- ----------
2. To approve the Directors' remuneration
report for the year ended 31 March 2023 338,150,148 319,800 3,465,525
------------ ----------- ----------
3. To approve the Company's dividend
policy 341,842,422 67,640 25,411
------------ ----------- ----------
4. To elect Helen Mahy 341,705,805 153,172 76,496
------------ ----------- ----------
5. To re-elect Patrick Firth 338,844,596 3,014,381 76,496
------------ ----------- ----------
6. To re-elect Vic Holmes 330,568,904 4,265,684 7,100,885
------------ ----------- ----------
7. To re-elect Jo Peacegood 314,267,154 27,591,823 76,496
------------ ----------- ----------
8. To elect Josephine Bush 338,848,860 3,010,117 76,496
------------ ----------- ----------
9. To re-appoint KPMG Channel Islands
Limited as auditor to the Company 341,627,449 174,613 133,411
------------ ----------- ----------
10. To authorise the Directors to set
the remuneration of the auditor 341,734,286 89,487 111,700
------------ ----------- ----------
11. To authorise the Directors to offer
SCRIP dividends to any holder of Ordinary
Shares in the Company 341,658,815 214,733 61,925
------------ ----------- ----------
Special Business - Special Resolutions
------------ ----------- ----------
12. To authorise the Directors to allot
and issue (or sell treasury shares)
ordinary shares in the Company 338,591,901 3,228,618 114,954
------------ ----------- ----------
13. To authorise the Directors to allot
additional ordinary shares in the Company 338,595,887 3,224,464 115,122
------------ ----------- ----------
14. To authorise the Company to make
market purchases of its own shares 340,495,789 1,350,305 89,379
------------ ----------- ----------
The full text of the resolutions may be found in the Notice of
Annual General Meeting dated 20 July 2023, which is available on
both the Company's website https://www.nextenergysolarfund.com/ and
on the National Storage Mechanism ("NSM")
https://data.fca.org.uk/#/nsm/nationalstoragemechanism** . Details
of the proxy votes lodged before the meeting will also be available
shortly on the Company's website.
A copy of the Special Resolutions passed at the Annual General
Meeting has been submitted to the NSM and will shortly be available
for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism ***.
* A vote withheld is not a vote in law and is not counted in the
proportion of votes 'for' or 'against' a
resolution
** Neither the NSM website nor the Company's website nor the
content of any website accessible from hyperlinks on those websites
(or any other websites) I (or is deemed to be) incorporated into,
or forms (or is deemed to form) part of this notification.
For further information:
NextEnergy Capital 020 3746 0700
Michael Bonte-Friedheim ir@nextenergysolarfund.com
Ross Grier
Stephen Rosser
Peter Hamid (Investor Relations)
RBC Capital Markets 020 7653 4000
Matthew Coakes
Elizabeth Evans
Kathryn Deegan
Cenkos Securities 020 7397 8900
James King
William Talkington
H/Advisors Maitland 020 7379 5151
Neil Bennett
Finlay Donaldson
Ocorian Administration (Guernsey) Limited 014 8174 2642
Kevin Smith
Notes to Editors(1) :
About NextEnergy Solar Fund
NESF is a specialist solar+ fund listed on the premium segment
of the London Stock Exchange and is a constituent of the FTSE 250.
NESF's investment objective is to provide ordinary shareholders
with attractive risk-adjusted returns, principally in the form of
regular dividends, by investing in a diversified portfolio of
utility-scale solar energy and energy storage infrastructure
assets. The majority of NESF's long-term cash flows are
inflation-linked via UK government subsidies.
The NESF portfolio has a combined installed power capacity of
865MW (excluding NextPower III MW on an equivalent look-through
basis). NESF may invest up to 30% of its gross asset value in
non-UK OECD countries, 15% in solar-focused private infrastructure
funds, and 10% in energy storage assets. As at 31 March 2023, the
Company had an audited gross asset value of GBP1,218m. For further
information on NESF please visit www. nextenergysolarfund.com
Article 9 Fund
NESF is classified under Article 9 of the EU Sustainable Finance
Disclosure Regulation and EU Taxonomy Regulation. NESF's
sustainability-related disclosures in the financial services sector
in accordance with Regulation (EU) 2019/2088 can be accessed on the
ESG section of both the NESF & NEC website.
About NextEnergy Group
NESF is managed by NextEnergy Capital, part of the NextEnergy
Group. NextEnergy Group was founded in 2007 to become a leading
market participant in the international solar sector. Since its
inception, it has been active in the development, construction, and
ownership of solar assets across multiple jurisdictions. NextEnergy
Group operates via its three business units: NextEnergy Capital
(Investment Management), WiseEnergy (Operating Asset Management),
and Starlight (Asset Development).
-- NextEnergy Capital: Ha s over 16 years specialist solar
expertise having invested in over 375 individual solar plants
across the world. NextEnergy Capital currently manages four
institutional funds with a total capacity in excess of 2.4GW+ and
has asset under management of $3.7bn. www.nextenergycapital.com
-- WiseEnergy(R): Provides solar asset management, monitoring
and technical due diligence services to over 1,350 utility-scale
solar power plants with an installed capacity in excess of 1.8GW.
WiseEnergy clients comprise leading banks and equity financiers in
the energy and infrastructure sector. www.wise-energy.com
-- Starlight: H as d eveloped over 100 utility-scale projects
internationally and continues to progress a large pipeline of
c.10GW of both green and brownfield project developments across
global geographies.
Notes:
(1:) All financial data is audited at 31 March 2023, being the
latest date in respect of which NESF has published financial
information .
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END
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