Foresight Sustain. Forestry Co PLC Results of General Meeting (5094K)
21 Décembre 2022 - 02:11PM
UK Regulatory
TIDMFSF
RNS Number : 5094K
Foresight Sustain. Forestry Co PLC
21 December 2022
21 December 2022
Foresight Sustainable Forestry Company Plc
("FSF" or "the Company")
Results of General Meeting
The board of directors of the Company is pleased to announce
that at the General Meeting of the Company held on 21 December
2022, all of the resolutions were passed by way of a poll. The
voting was as follows:
Resolution Votes For % Votes Against %
(including
discretion)
1 - Adoption of new articles 106,276,749 99.98 17,000 0.02
------------- ------ -------------- -----
2 - Changes to investment
policy 106,276,622 99.98 17,000 0.02
------------- ------ -------------- -----
Following the successful outcome of the vote, the Company has
satisfied all conditions to enable it to offer FSF's investors the
option to elect to receive distributions "in kind" of carbon
credits. It is not currently the intention to commence the sale or
distribution of any voluntary carbon credits in advance of 2030.
All carbon credits created from the current wave of investment will
be fully distributed or sold not later than 2050.
The approvals also satisfy the requirements of the London Stock
Exchange who granted the Company its Voluntary Carbon Market
designation on 5 December 2022.
END
About the Company
Foresight Sustainable Forestry Company Plc ("the Company") 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%, 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. https://fsfc.foresightgroup.eu/
For further information, please contact:
Foresight Sustainable Forestry Company Plc
Robert Guest
Richard Kelly
fsfc@foresightgroup.eu +44 20 3667 8100
Jefferies International Limited
Will Soutar +44 20 7029 8000
Citigate Dewe Rogerson
Toby Moore ( toby.moore@citigatedewerogerson.com
)
Michael Mpofu ( michael.mpofu@citigatedewerogerson.com
) +44 7768 981763
This announcement does not constitute, and may not be construed
as, an offer to sell or an invitation to purchase investments of
any description, or the provision of investment advice by any
party. No information set out in this announcement is intended to
form the basis of any contract of sale, investment decision or any
decision to purchase securities in the Company.
This announcement may include statements that are, or may be
deemed to be, "forward-looking statements". These forward-looking
statements can be identified by the use of forward-looking
terminology, including the terms "believes", "estimates",
"anticipates", "expects", "intends", "may", "will", "targeting" or
"should" or, in each case, their negative or other variations or
comparable terminology. All statements other than statements of
historical facts included in this announcement, including, without
limitation, those regarding the Company's financial position,
strategy, plans, proposed acquisitions and objectives, are
forward-looking statements.
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END
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