Result of 2026 Annual General Meeting

Foresight Solar Fund Limited

03 June 2026

 

3 June 2026

Foresight Solar Fund Limited

("Foresight Solar", "FSFL" or the "Company")

Results of 2026 Annual General Meeting

Foresight Solar, the fund investing in solar and battery storage assets to build income and growth, announces that all resolutions were voted on by way of a poll at its 2026 Annual General Meeting (AGM), held on 3 June 2026. The results, including all proxy votes received, are set out below.

No.	Resolution1	Votes For2		Votes Against2		Total votes validly cast3	Total votes cast as % of issued share capital	Votes Withheld4
		Votes	%	Votes	%
1	To receive and adopt the Company's annual accounts for the financial year ended 31 December 2025	350,585,686	99.84%	554,679	0.16%	351,140,365	57.57%	830,568
2	Approve directors' remuneration report for the period ended 31 December 2025	349,365,273	99.58%	1,460,145	0.42%	350,825,418	57.52%	1,145,515
3	Approve the directors' remuneration policy	348,711,190	99.45%	1,921,481	0.55%	350,632,671	57.48%	1,338,262
4	Approve the Dividend Policy	350,674,300	99.85%	519,225	0.15%	351,193,525	57.58%	777,408
5	Re-appoint Anthony Roper as a Director	346,015,237	98.68%	4,640,296	1.32%	350,655,533	57.49%	1,315,400
6	Re-appoint Ann Markey as a Director	345,907,983	98.67%	4,666,600	1.33%	350,574,583	57.48%	1,396,350
7	Re-appoint Lynn Cleary as a Director	345,589,827	98.62%	4,831,536	1.38%	350,421,363	57.45%	1,549,570
8	Re-appoint Paul Masterton as a Director	345,991,495	98.68%	4,632,934	1.32%	350,624,429	57.48%	1,346,504
9	Re-appoint KPMG LLP as the Company's auditors	341,583,216	97.34%	9,321,484	2.66%	350,904,700	57.53%	1,066,233
10	Authorise the directors to determine the auditors' remuneration	348,268,850	99.21%	2,761,828	0.79%	351,030,678	57.55%	940,255
11	Authorise the directors to allot shares in the Company	346,723,847	98.82%	4,150,962	1.18%	350,874,809	57.52%	1,096,124
12	Authorise the Company to make market purchases of its own Ordinary Shares	350,186,743	99.75%	891,576	0.25%	351,078,319	57.56%	892,614
13	Subject to the passing of resolution 12, to authorise the Company to cancel or to hold any such Ordinary Shares it repurchases	350,387,438	99.80%	702,932	0.20%	351,090,370	57.56%	880,563
14	To discontinue the Company in its present form	40,573,932	11.54%	311,064,592	88.46%	351,638,524	57.65%	388,892

¹Resolutions 1 to 10 were proposed as ordinary resolutions and resolutions 11 to 14 were proposed as special resolutions

²Includes discretionary votes on resolutions 1 to 14

³Shares held in treasury count to the total issued share capital but are not voted

⁴A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution

The board welcomes shareholders' support for the continuation of Foresight Solar and appreciates the engagement and feedback received throughout the process. The directors acknowledge that 40,573,932 votes, representing 7.43% of the issued ordinary share capital and 11.54% of the valid votes at the AGM, were cast in favour of resolution 14 and for the discontinuation of the Company in its current form.

The board and its advisors have maintained extensive engagement with shareholders to better understand their priorities and concerns, particularly in relation to the persistent share price discount affecting FSFL and the wider renewable infrastructure investment trust sector. The directors remain focused on delivering long-term value for shareholders and continue to evaluate measures aimed at improving returns and narrowing the discount to net asset value (NAV).

Tony Roper, chair of Foresight Solar, said: "The board and its advisors have engaged extensively with shareholders to understand their views and priorities as we work to address the challenges facing the sector.

While asset sales have taken longer than anticipated, we remain committed to our phased divestment programme and refocusing the portfolio on our core UK market. Meanwhile, we continue to execute our regular share buyback programme and are securing opportunities that enhance asset performance and further improve revenue visibility.

We recognise the last couple of years have been challenging but want to reassure shareholders we are considering all options to deliver value. We appreciate that a significant majority of them have given us time to progress our strategic initiatives and to continue the work to reduce the discount over time."

Notes

Every shareholder has one vote for every ordinary share held. As at close of business on Monday, 1 June 2026, the share capital of the Company consisted of 609,958,720 ordinary shares with voting rights, of which 64,217,710 were held in treasury.

In accordance with Listing Rule 9.6.2, copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

For more information, follow Foresight Solar on LinkedIn or contact:

Foresight Group Matheus Fierro ([e-mail])	[phone]
Jefferies International Limited Gaudi Le Roux Harry Randall-Knowles	[phone]
Singer Capital Markets Mark Bloomfield	[phone]
Sodali & Co Gilly Lock Madeleine Gordon-Foxwell	[phone]
JTC Claire Brazenall	[phone]

About Foresight Solar

Foresight Solar Fund Limited (FSFL) is a FTSE 350 closed-end investment company investing in the energy transition to generate income and deliver long-term growth. The trust has £1 billion deployed into solar and battery storage assets, managing approximately 1 GW of renewable energy infrastructure and a growing proprietary pipeline. Foresight Solar's strategy combines steady income today with the potential for capital growth in the future, delivering value through the acquisition, development, construction and operation of utility-scale projects predominantly in the UK. Underpinned by a progressive, sustainable dividend, the business model provides the optionality to hold or sell assets, generating profits and capturing financial gain for shareholders. FSFL is managed by Foresight Group, a specialist global asset manager with £13.7bn in assets under management and offices in the UK, Europe and Australia.

LEI: 213800VO4O83JVSSOX33

 

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