Bluefield Solar Income Fund Limited

AGM Information • Dec 6, 2024

National Storage Mechanism | Additional information

RNS Number : 2163P

Bluefield Solar Income Fund Limited

06 December 2024

LEI: 2138004ATNLYEQKY4B30

6 December 2024

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 10.30am on 6 December 2024, Ordinary Resolutions 1 to 15 and Special Resolutions 16 and 17 were passed without amendment.

The voting breakdown of all resolutions follow:

Resolution	Votes For**		Votes Against		Votes Withheld*
1 - Ordinary	363,355,290	99.96%	145,338	0.04%	45,363
2 - Ordinary	344,126,462	94.69%	19,302,574	5.31%	116,955
3 - Ordinary	330,081,810	92.57%	26,479,401	7.43%	6,984,780
4 - Ordinary	338,771,277	93.21%	24,678,280	6.79%	96,434
5 - Ordinary	338,802,907	93.22%	24,646,650	6.78%	96,434
6 - Ordinary	291,846,919	80.29%	71,622,638	19.71%	76,434
7 - Ordinary	338,846,095	93.23%	24,623,462	6.77%	76,434
8 - Ordinary	338,817,537	93.22%	24,626,024	6.78%	102,430
9 - Ordinary	363,143,265	99.92%	300,580	0.08%	102,146
10 - Ordinary	335,775,025	92.39%	27,669,662	7.61%	101,304
11 - Ordinary	361,874,586	99.57%	1,551,658	0.43%	107,747
12 - Ordinary	363,318,598	99.95%	177,203	0.05%	50,190
13 - Ordinary	363,315,854	99.95%	181,624	0.05%	48,513
14 - Ordinary	363,229,961	99.92%	278,053	0.08%	37,977
15 - Ordinary	362,839,065	99.83%	629,250	0.17%	77,676
16 - Special	362,392,598	99.71%	1,064,779	0.29%	88,614
17 - Special	342,169,162	94.16%	21,225,807	5.84%	151,022

*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 all resolutions were passed. As disclosed in the Company's 2023/24 Annual Report, the Company's Chair, Mr John Scott, intends to retire from the Board during 2025.  At that point, and based on its current composition, the Board will comprise five directors, of whom three are male and two are female.

The full text of the Special Resolutions is noted below:

Resolution 16

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 Company's 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 17

That, in addition to the authority (if any) granted to the Directors pursuant to Resolution 16 above, the Directors be, and hereby are, empowered to allot, issue and/or sell equity securities for cash as if Article 6.2 of the Company's 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 (Company Secretary & Administrator) Chezi Hanford		Tel: +44 (0) 1481 742 742 www.ocorian.com
Media enquiries: Burson Buchanan (PR Adviser) Henry Harrison-Topham / Henry Wilson		Tel: +44 (0) 20 7466 5000 www.bursonbuchanan.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 883MW, comprising 824.7MW of solar and 58.3MW 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 £6.7 billion renewable funds and/or transactions in both the UK and Europe, including over £1.6 billion in the UK since December 2011.

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