Result of 2026 Annual General Meeting
Summary by AI BETAClose X
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 (fsflir@foresightgroup.eu)
|
+44 (0)20 3911 2318 |
|
Jefferies International Limited Gaudi Le Roux Harry Randall-Knowles
|
+44 (0)20 7029 8000 |
|
Singer Capital Markets Mark Bloomfield
|
+44 (0)20 7496 3000 |
|
Sodali & Co Gilly Lock Madeleine Gordon-Foxwell
|
+44 (0)20 7100 6451 |
|
JTC Claire Brazenall |
+44 (0)15 3470 0000 |
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
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 1 day ago Savannah Energy
- 1 day ago Buccaneer Energy PLC
- 1 day ago Savannah Energy
- 1 day ago Carclo
- 1 day ago Schroder Japan Growth Fund