Future of Aquila Energy Efficiency uncertain as investors look set to vote against continuation

Over 55.6% of proxy votes cast

The Aquila Energy Efficiency trust looks set to fail its continuation resolution, as over half of proxy votes cast so far have come against it.

In a London Stock Exchange announcement yesterday afternoon (27 February), the company revealed that votes representing 83,768,843 shares (83.8% of share capital) had been cast by proxy so far, with 46.55m (55.6%) voting against continuation.  Based on the current proxy votes cast, the resolution is not expected to pass today's (28 February) general meeting at 2pm this afternoon, as these needed approval of more than 50%. "Should the resolutions not pass at the general meeting, as currently indicated by the proxy votes cast, the board of the company will consult with shareholders over...