NextEnergy Solar Fund Ltd.

AGM Information • Aug 8, 2019

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 4351I

NextEnergy Solar Fund Limited

08 August 2019

8 August 2019

NextEnergy Solar Fund Limited

Results of Annual General Meeting

The Board of NextEnergy Solar Fund Limited announces that, at the Annual General Meeting of the Company held today, 8 August 2019, all resolutions put to the meeting were approved by shareholders.

Ordinary Business - Ordinary Resolutions	For*	Against	Withheld**
1.    To receive and adopt the Financial Statements of the Company for the year ended 31 March 2019	385,989,588	62,619	1,000
2.    To approve the Directors' Remuneration Report for the year ended 31 March 2019	386,046,674	6,534	0
3.    To approve the Company's dividend policy	386,053,208	0	0
4.    To re-elect Kevin Lyon	386,051,258	1,000	950
5.    To re-elect Patrick Firth	385,988,638	63,619	950
6.    To re-elect Vic Holmes	385,988,638	63,619	950
7.    To re-elect Sharon Parr	386,051,258	1,000	950
8.    To elect Sue Inglis	384,539,321	1,508,866	950
9.    To re-appoint PricewaterhouseCoopers CI LLP as Auditor to the Company	384,535,576	5,815	1,511,816
10.  To authorise the Directors to agree the remuneration for the Auditor	385,855,786	195,472	1,950
Special Business - Special Resolutions
11.  To authorise the Directors to allot ordinary shares in the Company	335,813,946	50,233,496	5,765
12.  To authorise the Company to make market purchases of its own shares	386,046,431	4,000	2,777
13.  To approve the amended Articles of Incorporation	386,043,443	1,000	8,765
14.  To authorise the Directors to allot preference shares in the Company	371,098,771	14,948,671	5,765

The full text of the resolutions may be found in the Notice of Annual General Meeting dated 9 July 2019, which is available on both the Company's website www.nextenergysolarfund.com and on the National Storage Mechanism www.morningstar.co.uk/uk/NSM***. 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 National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM***

*           Includes discretionary votes received

**         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 website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement

For further information, please contact:

NextEnergy Capital Limited	020 3746 0700
Michael Bonte-Friedheim
Aldo Beolchini
Cantor Fitzgerald Europe	020 7894 7719
Robert Peel
Shore Capital	020 7408 4090
Anita Ghanekar
Macquarie Capital (Europe) Limited	020 3037 2000
Nick Stamp
MHP Communications	020 3128 8100
Oliver Hughes
Apex Fund and Corporate Services (Guernsey) Limited	01481 735827
Nicholas Robilliard

Notes to Editors:

NESF is a specialist investment company that invests primarily in operating solar power plants in the UK. It is able to invest up to 15% of its Gross Asset Value in operating solar power plants in OECD countries outside the UK. The Company's objective is to secure attractive shareholder returns through RPI-linked dividends and long-term capital growth. The Company achieves this by acquiring solar power plants on agricultural, industrial and commercial sites.

As at 31 March 2019, NESF has raised equity proceeds of £692m (including £100m of preference shares) since its initial public offering on the main market of the London Stock Exchange in April 2014. The Company's subsidiaries have financial debt outstanding of £269m, on a look-through basis and including at project level. Of this, £199m was long-term fully amortising financing, and £70m was drawn under a short-term credit facility.

NESF is differentiated by its access to NextEnergy Capital Group ("NEC Group"), its Investment Manager, which has a strong track record in sourcing, acquiring and managing operating solar assets.  WiseEnergy is NEC Group's specialist operating asset management division and over the course of its activities has provided operating asset management, monitoring, technical due diligence and other services to over 1,300 utility-scale solar power plants with an installed capacity in excess of 1.9 GW.

Further information on NESF, NEC Group and WiseEnergy is available at nextenergysolarfund.com, nextenergycapital.com and wise-energy.eu.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

RAGCKFDKDBKDFFK