NextEnergy Solar Fund Limited Transaction in Own Shares

RNS Number : 5380G

NextEnergy Solar Fund Limited

02 October 2024

 

LEI: 213800ZPHCBDDSQH5447

02 October 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:	01 October 2024
Number of ordinary shares purchased:	88,547
Lowest price per ordinary share (GBp):	79.10
Highest price per ordinary share (GBp):	80.30
Weighted average price per ordinary share (GBp):	79.88

 

The Company intends to hold the purchased shares in Treasury.

 

Following the above transaction, the Company holds 5,731,256 of its Ordinary Shares in treasury and has 585,089,929 Ordinary Shares in issue (excluding treasury shares).

 

The total number of voting rights in the Company is 585,089,929 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	65,767	79.92
BATE	2,780	79.69
CHIX	5,660	79.92
TRQX	11,940	79.67
Aquis	2,400	79.90

 

Individual Transactions:

 

Transaction Date	Transaction Time	Volume	Price	Platform	Transaction Ref
01/10/2024	09:28:22	100	80.30	CHIX	00269233054TRLO0
01/10/2024	09:37:47	4580	80.30	XLON	00269234059TRLO0
01/10/2024	09:37:47	24900	80.30	XLON	00269234060TRLO0
01/10/2024	09:37:55	1800	80.30	XLON	00269234077TRLO0
01/10/2024	09:37:56	2780	80.30	CHIX	00269234081TRLO0
01/10/2024	09:37:56	3600	80.30	XLON	00269234082TRLO0
01/10/2024	13:23:17	980	80.10	TRQX	00269258913TRLO0
01/10/2024	13:23:17	413	80.10	Aquis	00269258914TRLO0
01/10/2024	13:23:17	1387	80.10	Aquis	00269258915TRLO0
01/10/2024	13:23:17	3600	80.10	XLON	00269258916TRLO0
01/10/2024	13:23:18	2180	80.00	TRQX	00269258930TRLO0
01/10/2024	14:37:22	2400	80.00	TRQX	00269271985TRLO0
01/10/2024	14:37:22	1800	80.00	XLON	00269271986TRLO0
01/10/2024	15:00:02	980	79.90	TRQX	00269284961TRLO0
01/10/2024	15:00:02	1800	79.90	BATE	00269284964TRLO0
01/10/2024	15:00:02	3600	79.90	XLON	00269284971TRLO0
01/10/2024	15:01:29	600	79.60	CHIX	00269285754TRLO0
01/10/2024	15:18:55	1200	79.60	TRQX	00269294722TRLO0
01/10/2024	15:18:55	1580	79.60	CHIX	00269294723TRLO0
01/10/2024	15:18:55	3000	79.60	XLON	00269294724TRLO0
01/10/2024	15:31:15	1800	79.20	TRQX	00269300497TRLO0
01/10/2024	15:31:15	4580	79.20	XLON	00269300498TRLO0
01/10/2024	15:39:43	2147	79.20	XLON	00269303967TRLO0
01/10/2024	16:16:03	3980	79.40	XLON	00269319942TRLO0
01/10/2024	16:18:15	600	79.30	TRQX	00269320707TRLO0
01/10/2024	16:18:15	980	79.30	BATE	00269320708TRLO0
01/10/2024	16:18:15	600	79.30	Aquis	00269320709TRLO0
01/10/2024	16:18:15	600	79.30	CHIX	00269320710TRLO0
01/10/2024	16:18:15	3600	79.30	XLON	00269320711TRLO0
01/10/2024	16:18:16	1800	79.10	TRQX	00269320734TRLO0
01/10/2024	16:18:16	4580	79.10	XLON	00269320735TRLO0

 

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