Business
Circular and Notice of General Meeting
Circular and Notice of General Meeting.
About this update from Aquila European Renewables Plc Registered
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\nFor immediate release\n \nLEI: 213800UKH1TZIC9ZRP41\n12 September 2024\nAquila European Renewables plc\nVote on the continuation and potential Managed Wind-Down of the Company and associated adoption of the New Investment Policy and Notice of General Meeting\nAs outlined on 20 June 2024, the Board of Aquila European Renewables plc (\"AERI\" or the \"Company\") committed to provide a further update on its review of broader strategic options as and when appropriate and in any event before the vote on the Company's continuation at a shareholder meeting expected to be held in September 2024. The Board announces that a circular to convene a general meeting of the Company to be held at 10:00 a.m. on 30 September 2024 at the offices of CMS Cameron McKenna Nabarro Olswang LLP at Cannon Place, 78 Cannon Street, London EC4N 6AF (the \"Circular\") will be published today to allow Shareholders to vote on the continuation and potential Managed Wind-Down of the Company and associated adoption of the New Investment Policy.\nThe Circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The Circular will also be available on the Company's website at www.aquila-european-renewables-income-fund.com where further information on the Company can also be found. Capitalised terms used but not defined in this announcement will have the same meaning as set out in the Circular.\nIntroduction\nAt the Company's AGM held in 2023, Shareholders approved the continuation of the Company as a closed ended investment company for a further four years. Notwithstanding, on 30 May 2023, the Board announced that Shareholders should have a further opportunity to vote on the continuation of the Company during the course of the financial year ending 31 December 2024, with such vote expected to be held around September 2024.\nFollowing extensive engagement by the Board and its advisers with Shareholders over the past year, the Board understands that Shareholders representing a majority of the voting rights of the Company are in favour of the discontinuation of the Company. The first resolution set out in the Notice of General Meeting therefore proposes that the Company should not continue as a closed ended...