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
|
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Deutsche Numis (Company Broker)
Tod Davis / David Benda / Matt Goss
|
Tel: +44
(0) 20 7260 1000
www.dbnumis.com
|
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Ocorian
(Company Secretary & Administrator)
Chezi Hanford
|
Tel: +44
(0) 1481 742 742
www.ocorian.com
|
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Media enquiries:
Burson Buchanan (PR Adviser)
Henry Harrison-Topham / Henry Wilson
|
Tel: +44 (0) 20 7466 5000
www.bursonbuchanan.com
BSIF@buchanan.uk.com
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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.