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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
  0.50 0.5% 99.90 99.70 99.90 99.90 99.20 99.90 3,838,358 16:29:56
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 56.6 40.2 6.9 14.5 584

NextEnergy Solar Fund Limited Scrip Dividend Shares - Additional Listing

09/09/2021 4:04pm

UK Regulatory (RNS & others)


Nextenergy Solar (LSE:NESF)
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TIDMNESF

RNS Number : 3204L

NextEnergy Solar Fund Limited

09 September 2021

LEI: 213800ZPHCBDDSQH5447

9 September 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 primarily UK-based assets, is pleased to announce the following in respect of the scrip dividend:

 
 Dividend period:                      1 April 2021 to 30 June 
                                        2021 
 Dividend amount per share:            1.79 pence 
 Scrip dividend price per share:       99.05 pence 
 Payment date/Allotment of scrip:      30 September 2021 
 Number of new shares to be issued:    109,360 
 

Application has been made to the London Stock Exchange for 109,360 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 2021/22 financial year. Dealings are expected to commence at 8:00 a.m. on 30 September 2021.

Immediately following Admission, the Company's issued share capital will comprise 588,234,125 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 588,234,125. 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 
  Rose Ramsden 
 
 
 Camarco                                        020 3781 8334 
 Owen Roberts 
  Eddie Livingstone-Learmonth 
 
 Apex Fund and Corporate Services (Guernsey) 
  Limited                                       01481 735 827 
 Nick Robilliard 
  Duke Le Prevost 
 

Notes to Editors(1) :

About NextEnergy Solar Fund

NESF is a specialist solar power renewable energy investment company listed on the premium segment of the London Stock Exchange that invests in operating utility-scale solar power plants. The Company may invest up to 30% of its gross asset value in non-UK OECD countries, 15% in solar-focused private equity structures, and 10% in energy storage.

NESF currently has a diversified portfolio comprising 99 operating solar assets (primarily on agricultural, industrial, and commercial sites), and a $50m commitment into NextPower III (a private ESG solar infrastructure fund providing exposure to operating and in-development international solar assets).

The NESF portfolio has a combined installed power capacity of 893MW (including NextPower III MW on an equivalent look-through basis).

As at 30 June 2021, the Company had gross assets of GBP1,058 million and net assets of GBP580 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 $2.8bn across three institutional funds.

NextEnergy Capital Group donates at least 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 made up over 110 professionals. NESF is differentiated by its access to WiseEnergy, which provides 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 2.2GW, across seven markets.

For further information on WiseEnergy please visit wise-energy.com

([1]) Note: All financial data is as at 30 June 2021, being the latest date in respect of which NESF has published 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.

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END

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September 09, 2021 11:04 ET (15:04 GMT)

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