Foresight Slr Fnd Ld Foresight Solar Fund Limited : Result Of Tap Issuance

 
TIDMFSFL 
 
 
   Foresight Solar Fund Limited: Result of Tap Issuance 
 
   On 19 October 2016, the Board of Foresight Solar Fund Limited (the 
"Company") announced its intention to raise additional capital by way of 
a tap issuance of up to 30,995,537 ordinary shares (the "New Shares"), 
representing approximately 9.99 per cent. of the Company's issued share 
capital (the "Tap Issuance"). 
 
   The Board is pleased to announce that the Tap Issuance was 
oversubscribed and GBP31.9m of gross proceeds has been raised. A total 
of 30,995,537 New Shares will be issued at a price of 103.0 pence each. 
It is expected that settlement with respect to those New Shares will 
take place on 28 October 2016. 
 
   Following the Tap Issuance, the number of Ordinary Shares that the 
Company has in issue will be 340,950,912. The total number of Ordinary 
Shares with voting rights in the Company will be 340,950,912. 
 
   Commenting on the announcement, Alex Ohlsson, Chairman of the Company, 
said: "We are delighted with the result of the Tap Issuance, with 
support from both existing and new investors meaning the placing was 
oversubscribed. Having secured exclusivity over an 82MW operational 
portfolio, the Company expects to deploy the additional funds raised 
shortly, thereby avoiding the impact of cash drag on investors." 
 
   Total Voting Rights 
 
   The above figure (340,950,912) 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 
Guidance 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 Tap 
Issuance 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 Tap Issuance 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 Tap Issuance 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 Tap Issuance 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 Tap Issuance 
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 Tap Issuance  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

October 26, 2016 02:02 ET (06:02 GMT)

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