NextEnergy Solar Fund Limited Transaction in Own Shares

RNS Number : 5091F

NextEnergy Solar Fund Limited

25 September 2024

 

LEI: 213800ZPHCBDDSQH5447

25 September 2024

NextEnergy Solar Fund Limited

("NESF" or the "Company")

 

Transaction in own shares

 

NextEnergy Solar Fund, a leading specialist investor in solar energy and energy storage, announces that it has purchased the following number of Ordinary Shares on the London Stock Exchange through RBC Europe Limited.

 

Date of purchase:	24 September 2024
Number of ordinary shares purchased:	100,000
Lowest price per ordinary share (GBp):	78.60
Highest price per ordinary share (GBp):	78.90
Weighted average price per ordinary share (GBp):	78.81

 

The Company intends to hold the purchased shares in Treasury.

 

Following the above transaction, the Company holds 5,239,349 of its Ordinary Shares in treasury and has 585,581,836 Ordinary Shares in issue (excluding treasury shares).

 

The total number of voting rights in the Company is 585,581,836 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their major interest or a change to their major interest in the Company under the FCA's Disclosure Guidance and Transparency Rules. 

 

For further information:   NextEnergy Capital Michael Bonte-Friedheim	020 3746 0700 [e-mail]
Ross Grier
Stephen Rosser
Peter Hamid (Investor Relations)
RBC Europe Limited	020 7653 4000
Matthew Coakes
Elizabeth Evans Kathryn Deegan
Cavendish	020 7397 1909
James King
William Talkington
H/Advisors Maitland	020 7379 5151
Neil Bennett
Finlay Donaldson
Ocorian Administration (Guernsey) Limited	01481 742642
Kevin Smith

 

 

Notes to Editors¹:

About NextEnergy Solar Fund

NextEnergy Solar Fund is a specialist solar energy and energy storage investment company that is listed on the Main Market of the London Stock Exchange and is a FTSE 250 constituent.

 

NextEnergy Solar Fund'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 utility-scale solar energy and energy storage infrastructure assets.  The majority of NESF's long-term cash flows are inflation-linked via UK government subsidies.

 

As at 30 June 2024, the Company had an unaudited gross asset value of £1,124m.  For further information please visit www.nextenergysolarfund.com

Article 9 Fund

NextEnergy Solar Fund is classified under Article 9 of the EU Sustainable Finance Disclosure Regulation and EU Taxonomy Regulation.  NextEnergy Solar Fund's sustainability-related disclosures in the financial services sector are in accordance with Regulation (EU) 2019/2088 and can be accessed on the ESG section of both the NextEnergy Solar Fund and NextEnergy Capital websites.

 

About NextEnergy Group

NextEnergy Solar Fund is managed by NextEnergy Capital, part of the NextEnergy Group.  NextEnergy Group was founded in 2007 to become a leading market participant in the international solar sector.  Since its inception, it has been active in the development, construction, and ownership of solar assets across multiple jurisdictions.  NextEnergy Group operates via its three business units: NextEnergy Capital (Investment Management), WiseEnergy (Operating Asset Management), and Starlight (Asset Development).

 

·      NextEnergy Capital: has over 17 years of specialist solar expertise having invested in over 460 individual solar plants across the world.  NextEnergy Capital currently manages four institutional funds with a total capacity in excess of 3GW+ and has assets under management of $4.3bn.  More information is available at www.nextenergycapital.com   

·      WiseEnergy®:  is a leading specialist operating asset manager in the solar sector.  Since its founding, WiseEnergy has provided solar asset management, monitoring and technical due diligence services to over 1,500 utility-scale solar power plants with an installed capacity in excess of 2.5GW.  More information is available at www.wise-energy.com

·      Starlight: has developed over 100 utility-scale projects internationally and continues to progress a large pipeline of c.10GW of both green and brownfield project developments across global geographies.  More information is available at www.starlight-energy.com

 

Notes:

^1: All financial data is unaudited at 30 June 2024, being the latest date in respect of which NextEnergy Solar Fund has published financial information

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), a breakdown of the individual trades made as part of the Programme is detailed below:

Aggregate information:

 

Platform	Daily total volume (in number of shares)	Daily weighted average price of shares acquired (GBp)
XLON	81,326	78.79
CHIX	8,162	78.89
TRQX	2,082	78.70
Aquis	8,430	78.90

 

 

Individual Transactions:

 

Transaction Date	Transaction Time	Volume	Price	Platform	Transaction Ref
24/09/2024	08:00:18	6247	78.80	XLON	00268476268TRLO0
24/09/2024	08:04:52	67	78.70	TRQX	00268477576TRLO0
24/09/2024	08:22:44	32	78.70	XLON	00268479451TRLO0
24/09/2024	08:25:05	2015	78.70	TRQX	00268479717TRLO0
24/09/2024	08:25:05	4133	78.70	XLON	00268479718TRLO0
24/09/2024	09:20:20	114	78.60	CHIX	00268484954TRLO0
24/09/2024	10:18:29	175	78.60	CHIX	00268490829TRLO0
24/09/2024	12:25:04	595	78.90	CHIX	00268502732TRLO0
24/09/2024	12:25:04	564	78.90	Aquis	00268502733TRLO0
24/09/2024	12:25:04	626	78.90	Aquis	00268502734TRLO0
24/09/2024	12:25:04	1027	78.90	Aquis	00268502736TRLO0
24/09/2024	12:25:04	3215	78.80	XLON	00268502730TRLO0
24/09/2024	12:25:04	3570	78.80	XLON	00268502731TRLO0
24/09/2024	12:25:04	3215	78.80	XLON	00268502735TRLO0
24/09/2024	12:25:05	1785	78.90	Aquis	00268502739TRLO0
24/09/2024	12:25:05	892	78.90	CHIX	00268502740TRLO0
24/09/2024	12:25:05	163	78.90	Aquis	00268502742TRLO0
24/09/2024	12:25:05	595	78.90	CHIX	00268502743TRLO0
24/09/2024	12:25:05	1050	78.90	Aquis	00268502745TRLO0
24/09/2024	12:25:05	3570	78.80	XLON	00268502741TRLO0
24/09/2024	12:25:05	3215	78.80	XLON	00268502744TRLO0
24/09/2024	12:25:07	595	78.90	CHIX	00268502753TRLO0
24/09/2024	12:25:07	3570	78.80	XLON	00268502752TRLO0
24/09/2024	12:25:09	892	78.90	CHIX	00268502757TRLO0
24/09/2024	12:25:13	1190	78.80	XLON	00268502784TRLO0
24/09/2024	12:25:16	595	78.80	XLON	00268502788TRLO0
24/09/2024	12:25:17	2677	78.90	CHIX	00268502792TRLO0
24/09/2024	12:25:17	140	78.90	CHIX	00268502794TRLO0
24/09/2024	12:25:17	3570	78.80	XLON	00268502793TRLO0
24/09/2024	12:25:17	3215	78.80	XLON	00268502795TRLO0
24/09/2024	12:25:19	3570	78.80	XLON	00268502796TRLO0
24/09/2024	12:25:20	1785	78.80	XLON	00268502797TRLO0
24/09/2024	12:25:21	2975	78.80	XLON	00268502798TRLO0
24/09/2024	12:25:22	2677	78.80	XLON	00268502799TRLO0
24/09/2024	12:25:23	1785	78.90	Aquis	00268502818TRLO0
24/09/2024	12:25:23	892	78.90	CHIX	00268502819TRLO0
24/09/2024	12:25:23	1430	78.90	Aquis	00268502821TRLO0
24/09/2024	12:25:23	595	78.90	CHIX	00268502822TRLO0
24/09/2024	12:25:23	3570	78.80	XLON	00268502820TRLO0
24/09/2024	12:25:25	3570	78.80	XLON	00268502823TRLO0
24/09/2024	12:25:28	2677	78.80	XLON	00268502829TRLO0
24/09/2024	12:25:28	3570	78.80	XLON	00268502835TRLO0
24/09/2024	12:25:31	2677	78.80	XLON	00268502841TRLO0
24/09/2024	12:25:32	1323	78.80	XLON	00268502844TRLO0
24/09/2024	12:25:32	4924	78.80	XLON	00268502845TRLO0
24/09/2024	12:25:34	4000	78.80	XLON	00268502848TRLO0
24/09/2024	12:25:34	2247	78.80	XLON	00268502849TRLO0
24/09/2024	12:25:36	2424	78.80	XLON	00268502850TRLO0

 

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