US stock futures edge lower after S&P 500 hits record high; PCE data in focus
LONDON - Foresight Solar Fund Limited (LSE:FSFL) announced Tuesday that all resolutions were approved at its Annual General Meeting, including the continuation of the company in its present form, which received 86.38% support from voting shareholders.
The resolution to discontinue the company received 13.62% of votes cast, representing 8.59% of total issued ordinary shares. Shareholders also approved the company’s 2024 financial accounts, directors’ remuneration report, and dividend policy with over 99% support.
All director re-appointments and elections passed, with Alexander Ohlsson receiving the lowest approval rate at 88.54%. Shareholders also authorized the board to allot shares and make market purchases of the company’s own ordinary shares.
Chair Alex Ohlsson stated that the board has held over 80 meetings with investors in the past 18 months to address concerns about the share price discount to net asset value. The company is pursuing several strategic initiatives including potential consolidation with another investment trust, a share buyback program, phased divestment, and a new fee structure.
"It is comforting to see a significant majority of investors has recognized these efforts and chosen to give the Company time to progress its strategic initiatives," Ohlsson said in the press release statement.
The meeting results showed that 62.46% to 63.10% of the company’s issued share capital participated in the voting across the various resolutions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.