US SOLAR FUND PLC

AGM Information • May 19, 2021

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author: fadil
date: 2021-05-18 14:26:00+00:00

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18 May 2021

US SOLAR FUND PLC (USF, the “Company”)

Result of 2021 Annual General Meeting

US Solar Fund plc (LON: USF (USD)/USFP (GBP)), announces that at the Company's 2021 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 9 (inclusive) were proposed as ordinary resolutions and resolutions 10 and 11 were proposed as special resolutions.

• 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:

Notes:

Every shareholder has one vote for every Ordinary Share held. As at close of business on 14 May 2021, 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 manages over US$1.4bn of invested capital 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.

	Resolution	Votes For*	%	Votes Against	%	Total votes validly cast	Total votes cast as % of issued share capital	Vote Withheld **
1	Receive annual accounts for period ended 31 December 2020	207,583,112	100.00	0	0.00	207,583,112	62.49	270,212
2	Approve directors’ remuneration report	207,573,904	99.99	30,096	0.01	207,604,000	62.50	249,324
3	Appointment of external auditor	207,579,212	100.00	0	0.00	207,579,212	62.49	274,112
4	Authorise the Directors to fix the auditor’s remuneration	207,581,031	99.99	28,709	0.01	207,609,740	62.50	243,584
5	Re-elect Gillian Nott as a director	207,583,112	100.00	0	0.00	207,583,112	62.49	270,212
6	Re-elect Jamie Richards as a director	207,583,112	100.00	0	0.00	207,583,112	62.49	270,212
7	Re-elect Rachael Nutter as a director	207,583,544	100.00	0	0.00	207,583,544	62.49	269,780
8	Elect Thomas Plagemann as a director	207,583,112	100.00	0	0.00	207,583,112	62.49	270,212
9	Approval of dividend policy	207,581,725	99.99	26,628	0.01	207,608,353	62.50	244,971
10	To authorise the Company to make market purchase of its own ordinary shares	207,604,453	100.00	3,900	0.00	207,608,353	62.50	244,971
11	To permit general meetings to be called on 14 days' notice	207,579,212	100.00	3,900	0.00	207,583,112	62.49	270,212

| US Solar Fund
Whitney Voûte
| +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 | |