Result of AGM

US Solar Fund PLC

28 May 2026

 

28 May 2026

US SOLAR FUND PLC (USF, the "Company")

Result of 2026 Annual General Meeting (the "AGM")

US Solar Fund plc (LON: USF (USD)/USFP (GBP)), announces that at the Company's 2026 AGM held today, resolutions 1 to 14 were passed by way of a poll and resolution 15 was not passed which was in line with the Board's recommendations. The results of the poll are set out below.

Resolutions 1 to 11 (inclusive) were proposed as ordinary resolutions and resolutions 12 to 15 (inclusive) were proposed as special resolutions.

Resolution		Votes For*	%	Votes Against	%	Total votes validly cast	Total votes cast as % of issued share capital	Votes Withheld **
1	Receive annual accounts for the year ended 31 December 2025	204,151,088	98.49%	3,139,503	1.51%	207,290,591	62.40%	24,001
2	Approve directors' remuneration report	203,931,776	98.39%	3,341,364	1.61%	207,273,140	62.40%	41,452
3	Approve directors' remuneration policy	203,921,775	98.39%	3,332,175	1.61%	207,253,950	62.39%	60,642
4	Re-appointment of external auditor	204,091,346	98.46%	3,195,656	1.54%	207,287,002	62.40%	27,590
5	Authorise the Directors to fix the auditor's remuneration	204,134,703	98.48%	3,151,124	1.52%	207,285,827	62.40%	28,765
6	Re-elect Gillian Nott as a Director	155,057,109	82.05%	33,930,969	17.95%	188,988,078	56.89%	18,326,514
7	Re-elect Jamie Richards as a Director	148,130,873	78.38%	40,857,205	21.62%	188,988,078	56.89%	18,326,514
8	Re-elect Thomas Plagemann as a Director	203,844,928	98.35%	3,423,729	1.65%	207,268,657	62.39%	45,935
9	Re-elect Mark Lerdal as a Director	203,857,160	98.35%	3,411,497	1.65%	207,268,657	62.39%	45,935
10	Approval of dividend policy	202,748,575	97.80%	4,555,952	2.20%	207,304,527	62.40%	10,065
11	To authorise the allotment of Ordinary shares	171,887,396	82.92%	35,399,424	17.08%	207,286,820	62.40%	27,772
12	To authorise the disapplication of statutory pre-emption rights	162,089,586	78.19%	45,203,652	21.81%	207,293,238	62.40%	21,354
13	To authorise the Company to make market purchase of its own ordinary shares	207,176,158	99.94%	131,958	0.06%	207,308,116	62.41%	6,476
14	To permit general meetings to be called on 14 days' notice	175,195,734	84.51%	32,112,382	15.49%	207,308,116	62.41%	6,476
15	That the Company ceases to continue as an investment trust	29,483,816	14.22%	177,815,027	85.78%	207,298,843	62.40%	15,749

* Includes discretionary votes

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

Statement on resolutions 7, 12 and 15

The Board notes that resolutions 1 to 14 were passed by a majority in accordance with the relevant thresholds and resolution 15 was not passed which was in line with the Board's recommendations.

While resolutions 7 and 12 were passed, the Board notes that 22.01% and 21.67% of votes cast were cast against the resolutions respectively. The Board takes this level of shareholder opposition seriously and will engage with shareholders to better understand the reasons for the vote. The Board will provide an update within six months of the AGM and will include a summary of the engagement undertaken, feedback received and any actions taken in the next Annual Report.

For further information, please contact:

Amber Infrastructure Meredith Frost	[phone]
Cavendish Capital Markets Limited Tunga Chigovanyika	[phone]
JTC (UK) Limited Ruth Wright	[e-mail] [phone]
KL Communications Charles Gorman Charlotte Francis Amy Levingston Smith	[phone] [e-mail]

LEI: 2138007BIUWE7AHS5Y90

Notes:

Every shareholder has one vote for every Ordinary Share held. As at close of business on 26 May 2026, the share capital of the Company consisted of 332,192,361 Ordinary Shares. The Company holds 24,358,974 shares in treasury. The total number of voting rights in the Company is therefore 307,833,387.

In accordance with UK Listing Rule 6.4.2 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.

About US Solar Fund plc

US Solar Fund plc, established in 2019, listed on the premium segment of the London Stock Exchange in April 2019.

The solar power assets that the Company acquires or constructs are expected to have an asset life of at least 30 years and generate stable and uncorrelated cashflows by selling electricity to creditworthy offtakers under long-term power purchase agreements (or PPAs). The Company's portfolio currently consists of 41 operational solar projects with a total capacity of 443MWDC and a weighted average of 9.9 years PPA term remaining as at 31 December 2025, all located in the United States.

Further information on the Company can be found on its website: http://www.ussolarfund.co.uk.

About Amber Infrastructure Group

Amber Infrastructure Investment Advisor LLC, a member of the Amber Infrastructure Group, was appointed as the Company's Investment Manager on 1 December 2023.

Amber Infrastructure is an international infrastructure specialist, focused on investment origination, development, asset management and in Europe, fund management. Amber's core business focuses on infrastructure assets across the public, transport, energy, digital and demographic infrastructure sectors that support the lives of people, homes and businesses internationally.

Among other funds, Amber Infrastructure advises International Public Partnerships, a FTSE 250-listed Company with a market cap of approximately £2.2 billion and 15-year track record of long-term investment in infrastructure assets globally. Amber is headquartered in London with offices in Europe, North America and Australia and employs c.180 infrastructure professionals.

Amber has had a strategic partnership with the Hunt Group of Companies in the US since 2015 and completed their previously announced strategic transaction with Boyd Watterson in August 2024. Amber is part of Boyd Watterson Global Asset Management Group LLC, a global diversified infrastructure, real estate and fixed income business with over $39 billion in assets under management and over 300 employees with offices in eight US cities and presence in eleven countries.

Further information on Amber can be found on its website: http://www.amberinfrastructure.com.www.amberinfrastructure.com.

 

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