INFIGEN ENERGY LIMITED 22 November 2017
RESULTS OF ANNUAL GENERAL MEETINGS HELD TODAYInfigen Energy (ASX: IFN) is pleased to announce the results of voting on the resolutions put to the Annual General Meeting of security holders today as outlined below.
Due to the stapled nature of IFN securities, the meeting was a concurrent Annual General Meeting of the shareholders of Infigen Energy Limited (the "Company") and Infigen Energy (Bermuda) Limited (the "Foreign Company") as well as a General Meeting of the unitholders of Infigen Energy Trust (the "Trust").
Item 2: Remuneration Report - Company onlyTo adopt the Remuneration Report for the year ended 30 June 2017. The Remuneration Report is set out in the Directors' Report included within the Infigen Energy Annual Report 2017.
This was a non-binding advisory vote.
Votes where the proxy was directed to vote in favour | 520,536,690 | 91.8% |
Votes where the proxy may exercise discretion how to vote | 1,871,895 | 0.3% |
Votes where the proxy was directed to vote against | 44,644,708 | 7.9% |
TOTAL VALID AVAILABLE VOTES | 567,053,293 |
*There were 487,210 proxy votes which were directed to abstain from voting.
The result of voting on item 2 was that the resolution was passed by way of a poll, as follows:
Votes for | 522,410,106 | 92.04% |
Votes against | 45,152,506 | 7.96% |
Votes abstaining | 487,210 |
IFN confirms that less than 25% of the votes cast were against the adoption of the Remuneration Report.
Item 3: Director Re-election - Company and Foreign CompanyThe re-election of Ms Fiona Harris as a Director.
Votes where the proxy was directed to vote in favour | 562,793,826 | 99.3% |
Votes where the proxy may exercise discretion how to vote | 1,976,269 | 0.3% |
Votes where the proxy was directed to vote against | 2,143,293 | 0.4% |
TOTAL VALID AVAILABLE VOTES | 566,913,388 |
* There were 627,115 proxy votes which were directed to abstain from voting.
The result of voting on item 3 was that the resolution was passed on a show of hands.
Item 4: Director Election - Company and Foreign CompanyThe election of Mr Leonard Gill as a Director.
Votes where the proxy was directed to vote in favour | 562,151,064 | 99.2% |
Votes where the proxy may exercise discretion how to vote | 1,992,916 | 0.3% |
Votes where the proxy was directed to vote against | 2,745,270 | 0.5% |
TOTAL VALID AVAILABLE VOTES | 566,889,250 |
* There were 651,253 proxy votes which were directed to abstain from voting.
The result of voting on item 4 was that the resolution was passed on a show of hands.
Item 5: Director Election - Company and Foreign CompanyThe election of Mr Mark Chellew as a Director.
Votes where the proxy was directed to vote in favour | 562,147,146 | 99.2% |
Votes where the proxy may exercise discretion how to vote | 1,994,500 | 0.3% |
Votes where the proxy was directed to vote against | 2,777,956 | 0.5% |
TOTAL VALID AVAILABLE VOTES | 566,919,602 |
* There were 620,901 proxy votes which were directed to abstain from voting.
The result of voting on item 5 was that the resolution was passed on a show of hands.
Item 6: Director Election - Company and Foreign CompanyThe election of Ms Emma Stein as a Director.
Votes where the proxy was directed to vote in favour | 564,002,515 | 99.5% |
Votes where the proxy may exercise discretion how to vote | 1,973,824 | 0.3% |
Votes where the proxy was directed to vote against | 925,037 | 0.2% |
TOTAL VALID AVAILABLE VOTES | 566,901,376 |
* There were 635,300 proxy votes which were directed to abstain from voting.
The result of voting on item 6 was that the resolution was passed on a show of hands.
Item 7: Issue of securities - Company and Foreign Company and TrustThat issues of securities under the Infigen Energy Equity Plan (Equity Plan) be approved as an exception to ASX Listing Rule 7.1 pursuant to exception 9 in ASX Listing Rule 7.2.
Votes where the proxy was directed to vote in favour | 522,529,405 | 92.2% |
Votes where the proxy may exercise discretion how to vote | 1,822,054 | 0.3% |
Votes where the proxy was directed to vote against | 42,658,552 | 7.5% |
TOTAL VALID AVAILABLE VOTES | 567,010,011 |
* There were 495,168 proxy votes which were directed to abstain from voting.
The result of voting on item 7 was that the resolution was passed on a show of hands.
Item 8: Participation in the Infigen Energy Equity Plan by Mr Ross Rolfe - Company, Foreign Company and TrustApproval of the issue of up to 1,159,795 performance rights under the Infigen Energy Equity Plan to Ross Rolfe.
Votes where the proxy was directed to vote in favour | 540,636,359 | 95.4% |
Votes where the proxy may exercise discretion how to vote | 1,942,668 | 0.3% |
Votes where the proxy was directed to vote against | 24,436,817 | 4.3% |
TOTAL VALID AVAILABLE VOTES | 567,015,844 |
* There were 524,659 proxy votes which were directed to abstain from voting.
The result of voting on item 8 was that the resolution was passed on a show of hands.
Item 9: Participation in the Infigen Energy Equity Plan by Ms Sylvia Wiggins - Company, Foreign Company and TrustApproval of the issue of up to 471,132 performance rights under the Infigen Energy Equity Plan to Sylvia Wiggins.
Votes where the proxy was directed to vote in favour | 557,410,572 | 98.3% |
Votes where the proxy may exercise discretion how to vote | 1,941,295 | 0.3% |
Votes where the proxy was directed to vote against | 7,664,275 | 1.4% |
TOTAL VALID AVAILABLE VOTES | 567,016,142 |
* There were 524,361 proxy votes which were directed to abstain from voting.
The result of voting on item 9 was that the resolution was passed on a show of hands.
Item 10: Re-appointment of Auditor - Foreign Company onlyRe-appointment of PricewaterhouseCoopers as auditor of the Foreign Company.
Votes where the proxy was directed to vote in favour | 562,288,131 | 99.2% |
Votes where the proxy may exercise discretion how to vote | 2,450,420 | 0.4% |
Votes where the proxy was directed to vote against | 2,382,677 | 0.4% |
TOTAL VALID AVAILABLE VOTES | 567,121,228 |
*There were 383,951 proxy votes which were directed to abstain from voting.
The result of voting on item 10 was that the resolution was passed on a show of hands.
ENDSFor further information please contact: Marju Tonisson
Manager, ESG & Investor Relations Tel +61 2 8031 9902
About Infigen Energy
Infigen is a business actively participating in the Australian energy market. It is a developer, owner and operator of generation assets delivering energy solutions to Australian businesses and large retailers.
Infigen has 557 MW of installed generation capacity across New South Wales, South Australia and Western Australia with a further 113 MW under construction in New South Wales. It sells the electricity and Large-scale Generation Certificates (LGCs) through a combination of medium and long term contracts and through the spot market.
Infigen is looking to diversify and expand its customer base and will grow its generation portfolio in response to strong price and investment signals. In the short term it is targeting expansion in New South Wales and entry into the Victorian and Queensland regions of the National Electricity Market. Infigen will seek to do this through sales of electricity and LGCs and construction of assets within its development pipeline in those regions.
Infigen trades on the Australian Securities Exchange under the code IFN. For further information please visit our website: www.infigenenergy.com
Infigen Energy Limited published this content on 22 November 2017 and is solely responsible for the information contained herein.
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