Foresight Slr Fnd Ld Foresight Solar Fund Limited : Result Of Placing

 
TIDMFSFL 
 
 
   NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY, TO 
U.S. PERSONS, OR IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN 
OR THE REPUBLIC OF SOUTH AFRICA OR INTO ANY OTHER JURISDICTION WHERE TO 
DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW. 
 
   Foresight Solar Fund Limited: Result of Placing 
 
   On 5 September 2016, the Board of Foresight Solar Fund Limited (the 
"Company") announced its intention to raise additional capital by way of 
a placing of Ordinary Shares held in Treasury (the "Placing"). 
 
   The Board is pleased to announce that the Placing was oversubscribed and 
GBP28.9m of gross proceeds have been raised. A total of 28,152,143 
Ordinary Shares will be sold out of Treasury at the Placing price of 
102.5 pence. It is expected that settlement with respect to those 
Ordinary Shares will take place on 13 September 2016. 
 
   Following the Placing, the Company's issued share capital remains the 
same and comprises 309,955,375 Ordinary Shares, but with zero shares 
held in Treasury. Therefore, the total number of Ordinary Shares with 
voting rights in the Company is 309,955,375. 
 
   Commenting on the announcement, Alex Ohlsson, Chairman of FSFL, said: 
"We are delighted with the results of the Placing, with support from 
both existing and new investors meaning the placing was oversubscribed. 
The proceeds from the Placing will go towards taking advantage of the 
Company's attractive 200MW pipeline of UK solar assets." 
 
   Total Voting Rights 
 
   The above figure of 309,955,375 may be used by shareholders as the 
denominator for the calculations by which they will determine if they 
are required to notify their interest in, or a change to, their interest 
in the Company under the Financial Conduct Authority's Disclosure and 
Transparency Rules. 
 
   For further information, please contact: 
 
   Foresight Group 
 
   Elena Palasmith                [e-mail] 
[phone] 
 
   Stifel Nicolaus Europe Limited (Joint Bookrunner) 
[phone] 
 
   Mark Bloomfield 
 
   Neil Winward 
 
   Tunga Chigovanyika 
 
   J.P. Morgan Cazenove (Joint Bookrunner) 
[phone] 
 
   William Simmonds 
 
   Disclaimer 
 
   The information contained within this announcement is deemed by the 
Company to constitute inside information as stipulated under the Market 
Abuse Regulations (EU) No. 596/2014). Upon the publication of this 
announcement via Regulatory Information Service this inside information 
is now considered to be in the public domain. 
 
   This announcement is neither an advertisement, a prospectus nor a 
financial promotion. 
 
   This announcement is not for distribution, directly or indirectly, in or 
into the United States of America (including its territories and 
possessions, any state of the United States of America and the District 
of Columbia) (the "United States"), Australia, Canada, Japan or South 
Africa. This announcement does not constitute, or form part of, an offer 
to sell, or a solicitation of an offer to purchase, any securities in 
the United States, Australia, Canada, Japan or South Africa. The 
securities of the Company have not been and will not be registered under 
the U.S. Securities Act of 1933, as amended (the "Securities Act") or 
the U.S. Investment Company Act of 1940, as amended and may not be 
offered or sold directly or indirectly in or into the United States or 
to or for the account or benefit of any U.S. Person (within the meaning 
of Regulation S under the Securities Act). The securities referred to 
herein have not been registered under the applicable securities laws of 
Australia, Canada, Japan or South Africa and, subject to certain 
exceptions, may not be offered or sold within Australia, Canada, Japan 
or South Africa or to any national, resident or citizen of Australia, 
Canada, Japan or South Africa. 
 
   This announcement has been issued by and is the sole responsibility of 
the Company. No representation or warranty, express or implied, is or 
will be made as to, or in relation to, and no responsibility or 
liability is or will be accepted by, Stifel Nicolaus Europe Limited or 
J.P. Morgan Cazenove or by any of their respective affiliates or agents 
as to or in relation to the accuracy or completeness of this 
announcement or any other written or oral information made available to 
or publicly available to any interested party or their advisers and any 
liability therefore is expressly disclaimed. 
 
   Stifel Nicolaus Europe Limited, which is authorised and regulated in the 
United Kingdom by the Financial Conduct Authority, is acting exclusively 
for the Company and is acting for no-one else in connection with the 
Placing or the matters described in this announcement and the contents 
of this announcement, will not regard any other person as their 
respective client in relation to the Placing and will not be responsible 
to anyone other than the Company for providing the protections afforded 
to clients of Stifel Nicolaus Europe Limited nor for providing advice in 
connection with the Placing and the contents of this announcement or any 
other transaction, arrangement or matter referred to herein. 
 
   J.P. Morgan Securities plc, which conducts its UK investment banking 
activities as J.P. Morgan Cazenove, which is authorised by the 
Prudential Regulation Authority and regulated by the Prudential 
Regulation Authority and the Financial Conduct Authority in the United 
Kingdom, is acting exclusively for the Company and no-one else in 
connection with the Placing or the matters described in this 
announcement and the contents of this announcement, will not regard any 
other person as their respective client in relation to the Placing and 
will not be responsible to anyone other than the Company for providing 
the protections afforded to clients of J.P. Morgan Cazenove nor for 
providing advice in connection with the Placing and the contents of this 
announcement or any other transaction, arrangement or matter referred to 
herein. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Foresight Solar Fund Limited via Globenewswire 
 
 
 
 

(END) Dow Jones Newswires

September 09, 2016 02:00 ET (06:00 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.