NextEnergy Solar Fund Limited Scrip Dividend Shares - Additional Listing (0435M)

TIDMNESF

RNS Number : 0435M

NextEnergy Solar Fund Limited

12 September 2019

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 2019 to 30 June 
                                        2019 
 Dividend amount per share:            1.7175 pence 
 Scrip dividend price per share:       119.60 pence 
 Payment date/Allotment of scrip:      30 September 2019 
 Number of new shares to be issued:    1,240,195 
 

Application has been made to the London Stock Exchange for 1,240,195 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 fourth quarter of the Company's 2018/19 financial year. Dealings are expected to commence at 8:00 a.m. on 30 September 2019.

Immediately following Admission, the Company's issued share capital will comprise 583,617,503 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 583,617,503. 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:

 
                                                      020 3746 
NextEnergy Capital Limited                             0700 
Michael Bonte-Friedheim 
Aldo Beolchini 
 
 
                                                       020 7894 
 Cantor Fitzgerald Europe                              7719 
Robert Peel 
                                                      020 7408 
Shore Capital                                          4090 
Anita Ghanekar 
 
                                                      020 3037 
Macquarie Capital (Europe) Limited                     2000 
Nick Stamp 
 
 
                                                      020 3128 
MHP Communications                                     8100 
Oliver Hughes 
Apex Fund and Corporate Services (Guernsey) Limited   01481 735 827 
Nicholas Robilliard 
 
 

Notes to Editors:

NESF is a specialist investment company that invests primarily in operating solar power plants in the UK. It is able to invest up to 15% of its Gross Asset Value in operating solar power plants in OECD countries outside the UK. The Company's 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.

As at 30 August 2019, NESF raised equity proceeds of GBP792m (including GBP200m of preference shares) since its initial public offering on the main market of the London Stock Exchange in April 2014. The Company's subsidiaries had long-term fully amortising financial debt outstanding of GBP199m, on a look-through basis including project level debt.

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 and over the course of its activities has provided operating asset management, monitoring, technical due diligence and other services to over 1,300 utility-scale solar power plants with an installed capacity in excess of 1.9 GW.

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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September 12, 2019 02:01 ET (06:01 GMT)