NextEnergy Solar Fund Limited Dividend Declaration (5426G)

TIDMNESF

RNS Number : 5426G

NextEnergy Solar Fund Limited

06 November 2018

6 November 2018

NextEnergy Solar Fund Limited ("NESF")

Interim Dividend

NextEnergy Solar Fund Limited is pleased to announce an interim dividend of 1.6625 pence per Ordinary Share for the quarter ending 30 September 2018. The interim dividend of 1.6625 pence will be paid on 28 December 2018 to shareholders on the register as at the close of business on 16 November 2018. The ex-dividend date is 15 November 2018.

The Company will also be offering shareholders a scrip dividend alternative to this interim dividend as detailed in the Scrip Circular dated 10 August 2018, a copy of which can be viewed and / or downloaded from 'Circulars' in the Investor Relations part of the NESF website (www.nextenergysolarfund.com). The Scrip Share reference price will be announced on 22 November 2018, with elections to be made by 5 December 2018.

For further information:

   NextEnergy Capital Limited                       020 3746 0700 

Michael Bonte-Friedheim

Aldo Beolchini

   Cantor Fitzgerald Europe                           020 7894 7667 

Robert Peel

   Fidante Capital                                             020 7832 0900 

John Armstrong-Denby

   Shore Capital                                                020 7408 4090 

Anita Ghanekar

   Macquarie Capital (Europe) Limited           020 3037 2000 

Nick Stamp

   MHP Communications                                 020 3128 8100 

Oliver Hughes

   Ipes (Guernsey) Limited                              01481 755 137 

Nicholas Robilliard

Notes to Editors:

NESF is a specialist investment company that invests primarily in operating solar power plants in the UK. It is able to invest up to 15% of its Gross Asset Value in operating solar power plants in OECD countries outside the UK. The Company's objective is to secure attractive shareholder returns through RPI-linked dividends and long-term capital growth. The Company achieves this by acquiring solar power plants on agricultural, industrial and commercial sites.

NESF has raised equity proceeds of GBP592m since its initial public offering on the main market of the London Stock Exchange in April 2014. It also has credit facilities outstanding of c.GBP365m in place (GBP149m from a syndicate including MIDIS, NAB and CBA; MIDIS: GBP54m; ING GBP32m; UniCredit GBP32m; Santander GBP40m; and Bayerische Landesbank GBP58m).

NESF is differentiated by its access to NextEnergy Capital Group (NEC Group), its Investment Manager, which has a strong track record in sourcing, acquiring and managing operating solar assets. WiseEnergy is NEC Group's specialist operating asset management division and over the course of its activities has provided 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 1.9 GW.

Further information on NESF, NEC Group and WiseEnergy is available at www.nextenergysolarfund.com, www.nextenergycapital.com and www.wise-energy.eu.

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 [e-mail] or visit www.rns.com.

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November 06, 2018 12:00 ET (17:00 GMT)