Foresight Slr Fnd Ld Foresight Solar Fund Limited : Result Of Egm, Net Asset Value And Dividend Announcement
October 18 2016 - 9:54AM
UK Regulatory
TIDMFSFL
Result of EGM, Net Asset Value and Dividend Announcement
Result of EGM
Foresight Solar Fund Limited (the "Company") is pleased to announce that
at the EGM held at 12 p.m. on Tuesday 18 October 2016, the Resolution
was duly passed without amendment.
In accordance with LR 9.6.18, details of the Special Resolution passed
follow:
In favour
(including discretionary) Against Votes Withheld*
Resolution Votes % Votes % Votes
1 187,556,887 99.98 38,400 0.02 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.
The full wording of this resolution can be found below:
Resolution 1
THAT the directors of the Company be and are hereby generally empowered
to allot ordinary shares of no par value in the capital of the Company
(the "Ordinary Shares") carrying the rights, privileges and subject to
the restrictions attached to the Ordinary Shares as set out in the
articles of association of the Company or to grant rights to subscribe
for or, to convert securities into Ordinary Shares ("equity securities"),
for cash including by way of a sale of Ordinary Shares held by the
Company as treasury shares, as if any pre-emption rights in relation to
the issue of shares, as set out in Article 10(B) of the articles of
association of the Company and in the Listing Rules made by the
Financial Conduct Authority under Part VI of the Financial Services and
Markets Act 2000 (as amended), did not apply to any such allotment of or
grant of rights to subscribe for or to convert into equity securities,
provided that this power:
1. shall expire at the conclusion of the Company's next annual general
meeting or on the date falling 15 months after the passing of this
resolution, whichever is earlier, save that the Company may, before such
expiry, make an offer or agreement which would or might require equity
securities to be allotted after such expiry and the Directors may allot
equity securities in pursuance of any such offer or agreement as if the
power conferred hereby had not expired; and
2. shall be limited to the allotment of up to 30,995,537 Ordinary Shares
(being approximately 10 per cent. of the issued share capital of the
Company as at 30 September 2016).
Net Asset Value
The Company announces that as at 30 September 2016, the unaudited Net
Asset Value ("
NAV
") per Ordinary Share was 100.7 pence (30 June 2016: 99.3 pence). The
increase in NAV is mainly attributable to a combination of an upward
adjustment in the Company's power curve, a change in Business Rate
assumptions following a review by the Valuation Office Agency in
September 2016 and ongoing portfolio optimisation measures implemented
by the Investment Manager.
Dividend Announcement
The Company is also pleased to announced that the third Quarterly
dividend of 1.54 pence per share was approved by the Directors and will
be paid on the 30 December 2016. The Company remains on target to
deliver a dividend of 6.17 pence per share for the financial year ended
31 December 2016.
Dividend Timetable
Ex-dividend Date 15 December 2016
Record Date 16 December 2016
Payment Date 30 December 2016
For further information, please contact:
Foresight Group
Elena Palasmith epalasmith@foresightgroup.eu
+44 (0)20 3667 8100
Stifel Nicolaus Europe Limited +44 (0)20 7710
7600
Mark Bloomfield
Neil Winward
Tunga Chigovanyika
J.P. Morgan Cazenove +44 (0)20 7742 4000
William Simmonds
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Foresight Solar Fund Limited via Globenewswire
(END) Dow Jones Newswires
October 18, 2016 09:54 ET (13:54 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Foresight Solar (LSE:FSFL)
Historical Stock Chart
From Apr 2024 to May 2024
Foresight Solar (LSE:FSFL)
Historical Stock Chart
From May 2023 to May 2024