The shareholders of Aquila European Renewables plc (<a href="https://www.londonstockexchange.com/stock/AERS/aquila-european-renewables-plc/company-page" target="_blank">LON:AERS</a>) have voted against the option to potentially combine the company with another listed investment firm "by way of a section 110 scheme of reconstruction under the Insolvency Act 1986," it was disclosed on Friday.