Foresight Solar shareholders approve continuation at AGM

Published 17/06/2025, 12:40
Foresight Solar shareholders approve continuation at AGM

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.