LONDON - Ecofin U.S. Renewables Infrastructure Trust plc (the "Company") has announced the successful passage of a new investment policy following a General Meeting held today. The resolution, detailed in the Notice of General Meeting, was overwhelmingly approved by shareholders with 99.87% voting in favor.
The proxy votes recorded 92,898,432 for the motion, with only 123,448 against and 1,244 withheld. Votes withheld do not count towards the final tally of for or against.
This approval is a pivotal step for the Company as it works toward the completion of its conditional disposal of distributed solar assets, known as the DG Solar Transaction (JO:TCPJ). First announced on December 13, 2024, this transaction is subject to various consents and conditions, which are currently being addressed. The Company anticipates the deal to close within the first quarter of 2025, with further updates to be provided in due course.
In concurrent news, Patrick O'Donnell Bourke has officially resigned from his role as Chair and director of the Company, effective immediately following the General Meeting. Brett Miller has been appointed as the new Chair and will also head the Company's Management Engagement Committee, which includes all three directors.
The Company's issued share capital at the time of the meeting was 138,078,496 Ordinary Shares, all of which carry voting rights.
The full text of the resolution and further details can be found on the Company's website. Additionally, in line with UK Listing Rule 6.4.2R, the resolution will be submitted to the National Storage Mechanism website and will be available for inspection.
This announcement is based on a press release statement from Ecofin U.S. Renewables Infrastructure Trust plc.
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