Bluefield Solar Income Fund Limited

AGM Information • Oct 17, 2014

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RNS Number : 6345U

Bluefield Solar Income Fund Limited

17 October 2014

17 October 2014

Bluefield Solar Income Fund Limited

Result of Annual General Meeting

Bluefield Solar Income Fund Limited (the "Company") is pleased to announce that at the Annual General Meeting ("AGM") of the Company held at 10.00 am, 17 October 2014, each of the resolutions were duly passed without amendment.

In accordance with LR 9.6.18, details of those resolutions passed, which were not ordinary business of the AGM, follow:

Resolution	Votes For (including discretionary)		Votes Against		Votes Withheld*
10 - Special	70,446,194	100%	0	0%	0

*A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "for" or "against" the Resolution.

Resolution 10

That the Company generally be and is hereby authorised for the purposes of section 315 of the Companies (Guernsey) Law, 2008 as amended (the "Law") (subject to the Listing Rules made by the UK Listing Authority and all other applicable legislation and regulations) to make market acquisitions (as defined in the Law) of its own Ordinary Shares (as defined in the Company's Articles of Incorporation) which may be cancelled or held as treasury shares, provided that:

a.    The maximum number of Ordinary Shares authorised to be purchased under this authority shall be a number equal to 14.99 per cent. of the aggregate number of Ordinary Shares in issue immediately following this Annual General Meeting (excluding treasury shares);

b.    The minimum price (exclusive of expenses) which may be paid for an Ordinary Share shall be £0.01 per Ordinary Share;

c.     The maximum price (exclusive of expenses) payable by the Company which may be paid for Ordinary Shares shall be the higher of (i) 5 per cent. above the average of the mid-market values of an Ordinary Share taken from The London Stock Exchange Daily Official List for the five business days before the purchase is made; and (ii) the higher of the last independent trade or the highest current independent bid for Ordinary Shares;

d.    The authority hereby conferred shall expire on the date which is 15 months from the date of passing of this resolution or, if earlier, at the end of the Annual General Meeting of the Company to be held in 2015 (unless previously renewed, revoked or varied by the Company).

e.    The Company may make a contract to purchase its own Ordinary Shares under the authority hereby conferred prior to the expiry of such authority which will or may be executed wholly or partly after the expiry of such authority, and may make a purchase of its own Ordinary Shares in pursuance of any such contract; and

f.     Any Ordinary Share acquired by the Company pursuant to the above authority may, subject to the requirements of the Law and the Articles of Incorporation, be held as a treasury share in accordance with the Law or be cancelled by the Company.

Note to editors

About Bluefield Solar Income Fund Limited (BSIF)

BSIF is a Guernsey-registered investment company focusing on large scale agricultural and industrial solar assets. It raised gross proceeds of £130 million in July 2013 through an initial public offering of shares on the main market of the London Stock Exchange. It raised a further £13 million in February, 2014 in an oversubscribed placement. In June, 2014, it agreed a three-year revolving credit facility with Royal Bank of Scotland plc, for up to £50 million. In October 2014, BSIF completed the acquisition of Bluefield L&P Solar Limited, which holds solar assets via two special purpose vehicles, from L&P Ethical Investment Initiative Limited and L&P Alternative Investments Limited (together the "L&P Sellers), resulting in the issue of 7,490,540 new Ordinary Shares to the L&P Sellers.

BSIF seeks to provide shareholders with an attractive return, principally in the form of semi-annual income distributions, by investing in a diversified portfolio of solar energy assets, each located within the UK, with a focus on utility scale assets and portfolios on greenfield, industrial and/or commercial sites.

Enquiries:

James Armstrong / Mike Rand / Giovanni Terranova

Bluefield Partners LLP - Company Investment Adviser

Tel: +44 (0)20 7078 0020

Tod Davis / David Benda

Numis Securities Limited - Company Broker

Tel: +44 (0)20 7260 1000

Kevin Smith

Heritage International Fund Managers Limited - Company Secretary & Administrator

Tel: +44 (0)1481716000

This information is provided by RNS

The company news service from the London Stock Exchange

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