REG - Foresight Sustain. - Result of AGM

Foresight Sustainable ForestryAnnouncement

21/02/2024 16:00

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RNS Number : 9871D  Foresight Sustain. Forestry Co PLC  21 February 2024

21 February 2024

 

Foresight Sustainable Forestry Company Plc

("FSF" or "the Company")

 

Results of Annual General Meeting

 

The board of directors of the Company is pleased to announce that at the
Annual General Meeting of the Company held on 21 February 2024, all of the
resolutions were passed on a show of hands. The voting was as follows:

 

 Resolution                                                                     Votes For (including discretion)  %       Votes Against  %
 1 - Receive the annual report for the period to 30 September 2023              117,676,299                       100.00  3,180          0.00
 2 - Approve the directors' remuneration report                                 117,602,969                       99.95   64,305         0.05
 3 - Re-elect Richard Davidson as a director                                    117,614,255                       99.98   28,911         0.02
 4 - Re-elect Sarika Patel as a director                                        117,616,053                       99.98   28,206         0.02
 5 - Re-elect Christopher Sutton as a director                                  117,616,901                       99.98   26,265         0.02
 6 - Re-elect Josephine Bush as a director                                      117,617,900                       99.98   25,265         0.02
 7 - Re-appointment of external auditor                                         117,596,332                       99.95   63,691         0.05
 8 - Authorise the directors to fix the auditor's remuneration                  117,641,605                       99.97   33,753         0.03
 9 - Authorise the directors to allot shares in the Company                     117,599,181                       99.93   80,141         0.07
 10 - Approval of investment policy                                             115,054,521                       99.97   37,409         0.03
 11 - Authorise the directors to allot equity securities                        117,507,084                       99.86   169,239        0.14
 12 - Authorise the Company to make market purchase of its own ordinary shares  117,630,179                       99.96   52,950         0.04
 13 - Permit general meetings to be called on 14 days' notice                   117,486,690                       99.84   187,108        0.16

 

 

END

 

For further information, please contact:

 Foresight Sustainable Forestry Company Plc  fsfc@foresightgroup.eu (mailto:fsfc@foresightgroup.eu)
 Robert Guest                                +44 (0)20 3667 8100
 Richard Kelly

 Stifel Nicolaus Europe Limited              +44 (0)20 7710 7600
 Edward Gibson-Watt
 Bruno Benega
 Rajpal Padam
 Catriona Neville

 SEC Newgate                                 fsf@secnewgate.co.uk (mailto:fsf@secnewgate.co.uk)
 Elisabeth Cowell                            +44 (0)20 3757 6882

 

Notes to Editors

Foresight Sustainable Forestry Company Plc is an externally managed investment
company investing in a diversified portfolio of UK forestry and afforestation
assets. Targeting a net total return of more than CPI +5% per annum on a
rolling five-year basis, the Company provides investors with the opportunity
for real returns and capital appreciation driven by the prevailing global
imbalance between supply and demand for timber; the inflation-protection
qualities of UK land freeholds; and biological tree growth of 3% to 4% not
correlated to financial markets. It also offers outstanding sustainability and
ESG attributes and access to carbon units related to carbon sequestration from
new afforestation planting. The Company targets value creation as the
afforestation projects successfully achieve development milestones in the
process of converting open ground into established commercial forest and
woodland areas. The Company is seeking to make a direct contribution in the
fight against climate change through forestry and afforestation carbon
sequestration initiatives and to preserve and proactively enhance natural
capital and biodiversity across its portfolio. It is managed by Foresight
Group LLP.

The Company's LEI is 213800W5S9JG5JFGYO91.

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