Aquila Energy Efficiency investors vote against continuation

Over 55% of votes cast

The Aquila Energy Efficiency trust has failed its continuation resolution, as over half of proxy votes cast have come against it.

In a London Stock Exchange announcement on Tuesday (28 February), the board revealed that votes representing 87,115,728 shares had been cast by proxy, with 46.55m (55.5%) voting against continuation, which needed approval of more than 50% to pass. By 28 August, the directors will recommend to shareholders whether to reconstruct, re-organise or place the trust into liquidation, having explored all options and "determined the best solution", including discussing the options with the company's shareholders.  Future of Aquila Energy Efficiency uncertain as investors look set to vote again...