Bluefield Solar Income Fund Limited Director/PDMR Shareholding (9704K)

TIDMBSIF

RNS Number : 9704K

Bluefield Solar Income Fund Limited

07 January 2021

 
  7 January 2021 
 

Bluefield Solar Income Fund Limited

('Bluefield Solar' or the 'Company')

Notification of Transactions of Persons Discharging Managerial Responsibility ("PDMR") and Connected Persons ("PCA")

Bluefield Solar (LON:BSIF), a sterling income fund that invests in UK-based solar assets, has received notification that Mr James Armstrong, a PDMR of the Company, has sold 191,167 Ordinary Shares in the Company and has transferred 37,000 Ordinary Shares from his share dealing account to his self-invested personal pension ("SIPP").

Details of the transaction can be found in the Notification of Dealing Form below.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
     ----------------------------------------------------------------------------- 
 a)   Name                                  James Armstrong 
     ------------------------------------  --------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                       PDMR 
     ------------------------------------  --------------------------------------- 
 b)   Initial notification                  Initial Notification 
       /Amendment 
     ------------------------------------  --------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a)   Name                                  Bluefield Solar Income Fund Limited 
     ------------------------------------  --------------------------------------- 
 b)   LEI                                   2138004ATNLYEQKY4B30 
     ------------------------------------  --------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ----------------------------------------------------------------------------- 
 a)   Description of the                    Bluefield Solar Income Fund Limited, 
       financial instrument,                 Ordinary Shares 
       type of instrument 
 
       Identification code                   GG00BB0RDB98 
     ------------------------------------  --------------------------------------- 
 b)   Nature of the transaction             Sale of Ordinary Shares 
     ------------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)                Price(s)               Volume(s) 
                                             GBP1.3225              191,167 
     ------------------------------------  ---------------------  ---------------- 
 d)   Aggregated information 
       - Aggregated volume                    191,167 
       - Price                                GBP1.3225 
       - Principal amount                     GBP252,818.36 
     ------------------------------------  --------------------------------------- 
 e)   Date of the transaction               6 January 2021 
     ------------------------------------  --------------------------------------- 
 f)   Place of the transaction              London Stock Exchange, Main Market 
     ------------------------------------  --------------------------------------- 
 

For further information:

 
 Bluefield Partners LLP (Company Investment   Tel: [phone] 
  Adviser)                                     www.bluefieldllp.com 
  James Armstrong / Neil Wood / Giovanni 
  Terranova 
 Numis Securities Limited (Company Broker)    Tel: [phone] 
  Tod Davis / David Benda                      www.numis.com 
 Ocorian                                      Tel: [phone] 
  (Company Secretary & Administrator)          www.ocorian.com 
  Kevin Smith 
 Media enquiries: 
  Buchanan (PR Adviser)                        Tel: [phone] 
  Henry Harrison-Topham / Henry Wilson         www.buchanan.uk.com 
  / Charlotte Slater                           [e-mail] 
 

Notes to Editors

About Bluefield Solar

Bluefield Solar is a UK income fund focused, primarily, on acquiring and managing UK-based solar projects to generate renewable energy for periods of typically 25 years or longer. Not less than 75% of the Company's gross assets will be invested into UK solar assets. The Company can also invest up to 25% of its gross assets into onshore wind, hydro and storage technologies. Its primary objective is to deliver to its shareholders stable, long term sterling income via quarterly dividends. The majority of the Group's revenue streams are regulated and non-correlated to the UK energy market. Bluefield Solar owns and operates one of the UK's largest, diversified portfolios of solar assets with a combined installed power capacity in excess of 543 Megawatt peak.

Further information can be viewed at www.bluefieldsif.com

About Bluefield Partners LLP ('Bluefield')

Bluefield Partners was established in 2009 and is an investment adviser to companies and funds investing in renewable energy infrastructure. It has a proven record in the selection, acquisition and supervision of large-scale energy assets in the UK and Europe. The team has been involved in over GBP1.8 billion renewable funds and/or transactions in both the UK and Europe since 2008, including over GBP1.1 billion in the UK since December 2011.

Bluefield Partners has led the acquisitions of, and currently advises on, over 100 UK based solar PV assets that are agriculturally, commercially or industrially situated. Based in its London office, it is supported by a dedicated and highly experienced team of investment, legal and portfolio executives. Bluefield Partners was appointed Investment Adviser to Bluefield Solar in June 2013.

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January 07, 2021 09:37 ET (14:37 GMT)