NextEnergy Solar Fund Limited Transaction in Own Shares

RNS Number : 8990G

NextEnergy Solar Fund Limited

04 October 2024

 

LEI: 213800ZPHCBDDSQH5447

04 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:	03 October 2024
Number of ordinary shares purchased:	78,580
Lowest price per ordinary share (GBp):	78.50
Highest price per ordinary share (GBp):	79.50
Weighted average price per ordinary share (GBp):	79.08

 

The Company intends to hold the purchased shares in Treasury.

 

Following the above transaction, the Company holds 5,909,836 of its Ordinary Shares in treasury and has 584,911,349 Ordinary Shares in issue (excluding treasury shares).

 

The total number of voting rights in the Company is 584,911,349 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 London Stock Exchange as part of the ESCC category 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	50,621	79.07
BATE	2,371	79.10
CHIX	7,627	79.09
TRQX	9,110	79.06
Aquis	8,851	79.13

 

Individual Transactions:

 

Transaction Date	Transaction Time	Volume	Price	Platform	Transaction Ref
03/10/2024	08:51:19	1926	78.50	TRQX	00269533681TRLO0
03/10/2024	08:51:19	4605	78.50	XLON	00269533682TRLO0
03/10/2024	10:40:37	96	78.60	XLON	00269553684TRLO0
03/10/2024	10:49:54	96	78.60	XLON	00269555346TRLO0
03/10/2024	12:04:49	96	79.10	CHIX	00269569326TRLO0
03/10/2024	12:07:43	642	79.10	TRQX	00269569841TRLO0
03/10/2024	12:07:43	1284	79.10	Aquis	00269569842TRLO0
03/10/2024	12:07:43	642	79.10	CHIX	00269569843TRLO0
03/10/2024	12:07:43	3963	79.10	XLON	00269569844TRLO0
03/10/2024	12:07:43	3114	79.10	CHIX	00269569845TRLO0
03/10/2024	12:07:43	6790	79.10	XLON	00269569846TRLO0
03/10/2024	12:07:43	2880	79.10	Aquis	00269569847TRLO0
03/10/2024	12:07:43	330	79.10	Aquis	00269569848TRLO0
03/10/2024	12:07:43	1900	79.10	XLON	00269569849TRLO0
03/10/2024	12:07:43	2445	79.10	XLON	00269569850TRLO0
03/10/2024	12:07:43	2445	79.10	XLON	00269569851TRLO0
03/10/2024	12:07:43	1284	79.10	Aquis	00269569852TRLO0
03/10/2024	12:07:43	642	79.10	TRQX	00269569853TRLO0
03/10/2024	12:07:43	642	79.10	BATE	00269569854TRLO0
03/10/2024	12:07:43	642	79.10	CHIX	00269569855TRLO0
03/10/2024	12:11:18	96	79.10	XLON	00269570359TRLO0
03/10/2024	12:23:05	96	79.10	XLON	00269572503TRLO0
03/10/2024	13:10:21	2037	79.50	TRQX	00269581805TRLO0
03/10/2024	13:10:21	96	79.50	XLON	00269581806TRLO0
03/10/2024	13:10:21	4398	79.50	XLON	00269581807TRLO0
03/10/2024	13:29:34	96	79.30	XLON	00269586453TRLO0
03/10/2024	13:32:31	642	79.30	TRQX	00269587381TRLO0
03/10/2024	13:32:31	1284	79.30	Aquis	00269587382TRLO0
03/10/2024	13:32:31	642	79.30	CHIX	00269587383TRLO0
03/10/2024	13:32:31	2509	79.30	XLON	00269587384TRLO0
03/10/2024	13:32:31	581	79.30	XLON	00269587387TRLO0
03/10/2024	13:32:31	777	79.30	XLON	00269587388TRLO0
03/10/2024	13:32:31	1012	79.10	TRQX	00269587385TRLO0
03/10/2024	13:32:31	5586	79.10	XLON	00269587386TRLO0
03/10/2024	13:32:31	2251	79.10	XLON	00269587395TRLO0
03/10/2024	13:32:31	1044	79.10	TRQX	00269587396TRLO0
03/10/2024	13:32:31	1147	79.10	Aquis	00269587397TRLO0
03/10/2024	13:32:31	1087	79.10	BATE	00269587398TRLO0
03/10/2024	13:32:31	1120	79.10	CHIX	00269587399TRLO0
03/10/2024	13:32:31	1070	79.10	XLON	00269587400TRLO0
03/10/2024	13:32:31	642	79.10	Aquis	00269587401TRLO0
03/10/2024	13:32:31	642	79.10	TRQX	00269587402TRLO0
03/10/2024	13:32:31	642	79.10	BATE	00269587403TRLO0
03/10/2024	13:32:31	642	79.10	CHIX	00269587404TRLO0
03/10/2024	13:32:31	1772	79.10	XLON	00269587405TRLO0
03/10/2024	13:32:31	4066	79.00	XLON	00269587392TRLO0
03/10/2024	13:32:31	2614	79.00	XLON	00269587393TRLO0
03/10/2024	13:32:31	1069	79.00	XLON	00269587394TRLO0
03/10/2024	14:08:31	96	78.80	XLON	00269595628TRLO0
03/10/2024	14:22:31	916	78.80	XLON	00269598995TRLO0
03/10/2024	14:30:46	96	78.80	XLON	00269601377TRLO0
03/10/2024	14:54:26	642	78.80	CHIX	00269613173TRLO0
03/10/2024	14:54:26	523	78.80	TRQX	00269613174TRLO0
03/10/2024	15:22:41	96	78.80	XLON	00269627238TRLO0
03/10/2024	15:25:55	87	78.80	CHIX	00269629085TRLO0

 

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