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Share Name Share Symbol Market Type Share ISIN Share Description
Nextenergy Solar Fund Limited LSE:NESF London Ordinary Share GG00BJ0JVY01 RED ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 102.40 102.40 102.60 102.80 102.40 102.60 207,842 16:29:53
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 56.6 40.2 6.9 14.9 599

NextEnergy Solar Fund Limited Scrip Dividend Shares - Additional Listing

11/06/2021 2:39pm

UK Regulatory (RNS & others)


Nextenergy Solar (LSE:NESF)
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TIDMNESF

RNS Number : 6862B

NextEnergy Solar Fund Limited

11 June 2021

LEI: 213800ZPHCBDDSQH5447

11 June 2021

NextEnergy Solar Fund Limited

("NESF" or the "Company")

Scrip Dividend Shares - Additional Listing

NextEnergy Solar Fund, a renewable energy infrastructure investment company specialising in solar that provides shareholders with an attractive risk-adjusted return from a diversified portfolio of assets, is pleased to announce the following in respect of the scrip dividend:

 
 Dividend period:                      1 January 2021 to 31 March 
                                        2021 
 Dividend amount per share:            1.7625 pence 
 Scrip dividend price per share:       100.88 pence 
 Payment date/Allotment of scrip:      30 June 2021 
 Number of new shares to be issued:    1,137,087 
 

Application has been made to the London Stock Exchange for 1,137,087 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 2020/21 financial year. Dealings are expected to commence at 8:00 a.m. on 30 June 2021.

Immediately following Admission, the Company's issued share capital will comprise 588,124,765 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 588,124,765. 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.

-End-

For further information:

 
 NextEnergy Capital Group                       020 3746 0700 
 Michael Bonte-Friedheim                        ir@nextenergysolarfund.com 
 Aldo Beolchini 
  Ross Grier 
  Peter Hamid (Investor Relations) 
 
 Cenkos Securities                              020 7397 8900 
 James King 
  William Talkington 
 
 Shore Capital                                  020 7408 4090 
 Anita Ghanekar 
  Sarah Mather 
 
 
 Camarco                                        020 3781 8334 
 Owen Roberts 
  Eddie Livingstone-Learmonth 
 
 Apex Fund and Corporate Services (Guernsey) 
  Limited                                       01481 735 827 
 Nick Robilliard 
 

Notes to Editors(1) :

About NextEnergy Solar Fund

NESF is a renewable energy infrastructure investment company that currently invests in operating solar power plants in the UK and Italy. The Company may invest up to 30% of its gross asset value in non-UK OECD countries, 15% in private equity structures, and 10% in standalone energy storage.

NESF currently has a diversified portfolio comprising 94 operating solar assets, primarily on agricultural, industrial, and commercial sites, with a combined installed power capacity of c.814MWp.

As at 31 March 2021, the Company had gross assets of GBP1,025 million, of which 88% was invested in the UK, and net assets of GBP581 million. The majority of long-term cash flows from its investments are inflation-linked.

NESF's investment objective is to provide ordinary shareholders with attractive risk-adjusted returns, principally in the form of regular dividends, by investing in a diversified portfolio of primarily UK-based solar energy infrastructure assets.

For further information on NESF please visit nextenergysolarfund.com

Commitment to ESG

NESF is committed to ESG principles and responsible investment which make a meaningful contribution to reducing CO2 emissions through the generation of clean solar power. NESF will only select investments that meet the requirements of NEC Group's Sustainable Investment Policy. Based on this policy, NESF benefits from NEC's rigorous ESG due diligence on each investment. NESF is committed to reporting on its ESG performance in accordance with the UN Sustainable Development Goals framework and the EU Sustainable Finance Disclosure Regulation.

NESF has been awarded the London Stock Exchange's Green Economy Mark and has been designated a Guernsey Green Fund by the Guernsey Financial Services Commission.

NESF's sustainability-related disclosures in the financial services sector in accordance with Regulation (EU) 2019/2088 can be accessed on the ESG section of both the NESF website ( nextenergysolarfund.com/esg/ ) & NEC Group website ( nextenergycapital.com/sustainability/transparency-and-reporting/ ).

About NextEnergy Capital Group ("NEC Group")

NESF is managed by the NextEnergy Capital Group, a specialist solar investment manager, which has a strong track record in sourcing, acquiring, and managing operating solar assets. NEC Group is a leading player in the global solar investment sector and has over 190 team members with offices in UK, Italy, India, and the USA and assets under management of over $2.5bn across three institutional funds.

NextEnergy Capital Group donates 5% of its net annual profits to NextEnergy Foundation. NextEnergy Foundation is an international charity that was founded in 2016. Its mission is to participate proactively in the global effort to reduce carbon emissions, provide clean power sources in regions where they are not yet available, and contribute to poverty alleviation.

For further information on NEC Group please visit nextenergycapital.com

For further information on NextEnergy Foundation visit nextenergyfoundation.org

About WiseEnergy

WiseEnergy is NEC Group's specialist operating asset management division. NESF is differentiated by its access to WiseEnergy, which has provided operating asset management, monitoring, technical due diligence, and other services to over 1,500 utility-scale solar power plants with an installed capacity in excess of 2.3GW.

For further information on Wise Energy please visit wise-energy.com

([1]) Note: All financial data is as at 31 March 2021, being the latest date in respect of which NESF has published unaudited financial information

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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June 11, 2021 09:39 ET (13:39 GMT)

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