Bluefield Solar Income Fund Limited

AGM Information • Nov 28, 2023

National Storage Mechanism | Additional information

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 Adviser) James Armstrong / Neil Wood / Giovanni Terranova	Tel: +44 (0) 20 7078 0020 www.bluefieldllp.com
Deutsche Numis (Company Broker) Tod Davis / David Benda / Matt Goss	Tel: +44 (0) 20 7260 1000 www.dbnumis.com
Ocorian Administration (Guernsey) Limited (Company Secretary & Administrator) Chezi Hanford	Tel: +44 (0) 1481 742 742 www.ocorian.com
Media enquiries: Buchanan (PR Adviser) Henry Harrison-Topham / Henry Wilson	Tel: +44 (0) 20 7466 5000 www.buchanan.uk.com 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 £6.5 billion renewable funds and/or transactions in both the UK and Europe, including over £1 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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