Result of AGM - Replacement
13th Jun 2025 17:29
13 June 2025
LEI: 213800B81BFJKWM2JV13
Octopus Renewables Infrastructure Trust plc
("ORIT" or the "Company")
Result of Annual General Meeting - Replacement
The 'Results of Annual General Meeting' announcement released on 13 June 2025 at 17.07 under RNS no. 8608M contained two sets of square brackets in the final paragraph of the announcement. The square brackets have now been removed and the missing figures inserted. The full text of the corrected announcement in respect of the results of Annual General Meeting which took place on 13 June 2025 is below:
Octopus Renewables Infrastructure Trust plc is pleased to announce that, at the Annual General Meeting of the Company held at 10.00 am this morning, all resolutions, as outlined in the Notice of Annual General Meeting (the "Notice") were passed.
A poll was held on each of the resolutions set out in the Notice and the results of the poll are set out below:
Resolution | For | Against | Withheld* | ||
Votes | % | Votes | % | Votes | |
1. To receive the Company's Annual Report and Accounts for the year ended 31 December 2024 (the "Annual Report"). | 327,009,503 | 99.99% | 44,078 | 0.01% | 187,039 |
2. To approve the Directors' Remuneration Report included in the Annual Report. | 312,856,007 | 95.71% | 14,010,541 | 4.29% | 374,072 |
3. To re-elect Philip Austin as a director of the Company. | 262,361,312 | 80.26% | 64,540,084 | 19.74% | 339,224 |
4. To re-elect James Cameron as a director of the Company. | 307,282,057 | 94.01% | 19,595,474 | 5.99% | 363,089 |
5. To re-elect Elaina Elzinga as a director of the Company. | 307,252,383 | 94.01% | 19,582,331 | 5.99% | 405,906 |
6. To elect Sarim Sheikh as a director of the Company. | 307,202,800 | 93.99% | 19,655,867 | 6.01% | 359,998 |
7. To elect Sally Duckworth as a director of the Company. | 326,230,677 | 99.81% | 634,840 | 0.19% | 375,103 |
8. To re-appoint PricewaterhouseCoopers LLP as auditor to the Company. | 326,469,658 | 99.86% | 452,979 | 0.14% | 296,028 |
9. To authorise the Directors to fix the remuneration of the auditor until the conclusion of the next Annual General Meeting of the Company. | 326,686,785 | 99.92% | 271,351 | 0.08% | 282,484 |
10. To authorise the Directors to declare and pay all dividends of the Company as interim dividends. | 326,976,933 | 99.96% | 132,571 | 0.04% | 131,116 |
11. That the Company continue as an investment trust. | 297,138,111 | 90.84% | 29,959,681 | 9.16% | 142,828 |
12. To authorise the Directors to allot relevant securities under section 551 of the Companies Act 2006. | 326,072,601 | 99.73% | 878,968 | 0.27% | 289,051 |
13. To authorise the Directors to disapply pre-emption rights under sections 570 and 573 of the Companies Act 2006. | 325,661,783 | 99.64% | 1,161,463 | 0.36% | 417,374 |
14. To approve further disapplication of pre-emption rights under sections 570 and 573 of the Companies Act 2006. | 325,655,298 | 99.64% | 1,164,579 | 0.36% | 420,743 |
15. To authorise the Company to make market purchases of its own ordinary shares. | 326,883,685 | 99.93% | 244,777 | 0.07% | 112,158 |
16. To authorise that General Meetings, other than Annual General Meetings, may be called on 14 clear days' notice. | 326,403,700 | 99.79% | 677,336 | 0.21% | 159,584 |
*A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "For" or "Against" the resolution.
The full text for each resolution is contained in the notice of Annual General Meeting, a copy of which is available on the Company's website at www.octopusrenewablesinfrastructure.com/investors/.
In accordance with UK LR 6.4.2 and UK LR 6.4.3, copies of all the resolutions passed other than resolutions concerning ordinary business will be submitted to the National Storage Mechanism website and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The Board is encouraged that a significant proportion (90.84%) of votes cast were 'for' the resolution that the Company continue as an investment trust. However, the Board notes that, of the total votes received, 19.74% were against the resolution to re-elect Philip Austin as a director. The Company will engage with those shareholders who cast votes against the resolutions to best understand their reasons and will endeavour to address their concerns.
For further information please contact:
Octopus Energy Generation (Investment Manager) Chris Gaydon, David Bird Charlotte Edgar (Investor Relations)
| Via Burson Buchanan or [email protected] |
Peel Hunt (Broker) Liz Yong, Luke Simpson, Huw Jeremy (Investment Banking) Alex Howe, Chris Bunstead, Ed Welsby, Richard Harris (Sales)
| 020 7418 8900 |
Burson Buchanan (Financial PR) Charles Ryland, Nick Croysdill, Verity Parker
| 020 7466 5000 |
Apex Listed Companies Services (UK) Limited (Company Secretary)
| 020 3327 9720 |
Notes to editors
About Octopus Renewables Infrastructure Trust
Octopus Renewables Infrastructure Trust plc ("ORIT") is a London-listed, closed-ended investment company incorporated in England and Wales focused on providing investors with an attractive and sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio of renewable energy assets in Europe and Australia. As an impact fund, ORIT is helping accelerate the transition to net zero by investing in green energy, whilst also contributing to a broader set of UN Sustainable Development Goals through its impact initiatives. ORIT's investment manager is Octopus Energy Generation.
Further details can be found at www.octopusrenewablesinfrastructure.com
About Octopus Energy Generation
Octopus Energy Generation is driving the renewable energy agenda by building green power for the future. Its specialist renewable energy fund management team invests in renewable energy assets and broader projects helping the energy transition, across operational, construction and development stages. The team was set up in 2010 based on the belief that investors can play a vital role in accelerating the shift to a future powered by renewable energy. It has a 14-year track record with approximately £6.8 billion of assets under management (AUM) (as of 31 March 2025) across 18 countries and total 4.5 GW. These renewable projects generate enough green energy to power 2.6 million homes every year, the equivalent of taking over 1.4 million petrol cars off the road. Octopus Energy Generation is the trading name of Octopus Renewables Limited. Further details can be found at www.octopusenergygeneration.com
Neither the content of any website referred to in this announcement nor the content of any website accessible from hyperlinks is incorporated into, or forms part of, this announcement.