NextEnergy Solar Fund Limited Scrip Dividend Shares - Additional Listing (0093L)

TIDMNESF

RNS Number : 0093L

NextEnergy Solar Fund Limited

28 September 2016

NextEnergy Solar Fund Limited ("NESF" or the "Company")

SCRIP DIVIDEND SHARES - ADDITIONAL LISTING

The NESF Board wishes to confirm the following in respect of the scrip dividend:

 
 Dividend period:                   1 April 2016 to 30 
                                     June 2016 
 Dividend amount per share:         1.5775 pence 
 Scrip dividend price per share:    104.626 pence 
 Payment date/Allotment of          30 September 2016 
  scrip: 
 Number of new shares to be 
  issued:                           1,139,374 
 

Application has been made to the London Stock Exchange for 1,139,374 ordinary shares to be admitted to trading. These ordinary shares are to be issued as a scrip dividend alternative to receiving a cash dividend in respect of the dividend for the first quarter of the Company's 2016/17 financial year. Dealings are expected to commence at 8:00 a.m. on 30 September 2016.

Immediately following Admission, the Company's issued share capital will comprise 343,197,405 ordinary shares, none of which will be held in treasury. Each ordinary share carries the right to one vote and, therefore, the total number of voting rights in the Company on Admission will be 343,197,405. This figure may be used by shareholders and other investors 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 FCA's Disclosure Guidance and Transparency Rules.

For further information:

 
NextEnergy Capital 
 Limited                                        020 3239 9054 
Michael Bonte-Friedheim 
Aldo Beolchini 
Cantor Fitzgerald 
 Europe                                         020 7894 7667 
Sue Inglis 
Fidante Capital                                 020 7832 0900 
Robert Peel 
Justin Zawoda-Martin 
Macquarie Capital 
 (Europe) Limited                               020 3037 2000 
Ken Fleming 
Nick Stamp 
Shore Capital                                   020 7408 4090 
Bidhi Bhoma 
Anita Ghanekar 
MHP Communications                              020 3128 8100 
Andrew Leach / Jamie Ricketts / Rebecca Emery 
 
 

Notes to Editors:

NextEnergy Solar Fund

NESF is a specialist investment company that invests in operating solar power plants in the UK. Its objective is to secure attractive shareholder returns through RPI-linked dividends and long-term capital growth. The Company achieves this by acquiring solar power plants on agricultural, industrial and commercial sites.

NESF has raised equity proceeds of approximately GBP350m since its initial public offering on the main market of the London Stock Exchange in April 2014. It also has credit facilities of GBP210.1m in place (Macquarie and Santander: GBP88.5m, MIDIS: GBP55.0m, Bayersiche Landesbank: GBP44.9m and NIBC: GBP21.7m).

NESF is differentiated by its access to NextEnergy Capital Group (NEC Group), its Investment Manager, which has a strong track record in sourcing, acquiring and managing operating solar assets. WiseEnergy is NEC Group's specialist operating asset management division, providing solar asset management, monitoring and other services to over 1,250 utility-scale solar power plants with an installed capacity in excess of 1.7 GW. NextPower II is NEC Group's private equity fund with initial commitments of EUR150m, investing in operating solar power plants and focused on consolidating the substantial, highly fragmented Italian solar market.

Further information on NESF, NEC Group and WiseEnergy is available at www.nextenergysolarfund.com, www.nextenergycapital.com and www.wise-energy.eu.

This information is provided by RNS

The company news service from the London Stock Exchange

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September 28, 2016 02:01 ET (06:01 GMT)