Aquila Energy Efficiency EGM February 2023

The Board of the Company announces that it has today published a circular to Shareholders (the “Circular”) convening a general meeting of the Company to consider recommended proposals, including (i) a continuation vote (by way of an ordinary resolution) and (ii) the adoption of new articles of association (by way of a special resolution).

Following the Company’s Investment Strategy Review in April 2022, the Board announced that the Company’s first continuation vote following its initial public offering in June 2021 would be brought forward from 2025, to February 2023. As such, the general meeting will provide Shareholders with the opportunity to vote on an ordinary resolution on the continuation of the Company. In addition, Shareholders are also being asked to approve a consequential amendment to the Company’s articles of association such that the next continuation vote should occur in a further four years (i.e. 2027).

The Board unanimously recommends that Shareholders vote FOR the continuation of the Company and amendment to the articles of association, the rationale for which is included in the Chair’s letter within the Circular published today and extracted, without material amendment, in the appendix to this announcement.