NextEnergy Solar Fund Limited Scrip Dividend Shares - Additional Listing (1587R)

TIDMNESF

RNS Number : 1587R

NextEnergy Solar Fund Limited

19 September 2017

NextEnergy Solar Fund Limited ("NESF" or the "Company")

SCRIP DIVIDEND SHARES - ADDITIONAL LISTING

The NESF Board wishes to confirm the following in respect of the scrip dividend:

 
 Dividend period:                   1 April 2017 to 30 
                                     June 2017 
 Dividend amount per share:         1.605 pence 
 Scrip dividend price per share:    112.825 pence 
 Payment date/Allotment of          29 September 2017 
  scrip: 
 Number of new shares to be 
  issued:                           1,627,044 
 

Application has been made to the London Stock Exchange for 1,627,044 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 2017/18 financial year. Dealings are expected to commence at 8:00 a.m. on 29 September 2017.

Immediately following Admission, the Company's issued share capital will comprise 573,059,889 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 573,059,889. 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.

For further information, please contact:

 
NextEnergy Capital 
 Limited                     020 3893 1500 
Michael Bonte-Friedheim 
Aldo Beolchini 
 
Cantor Fitzgerald Europe     020 7894 7667 
Sue Inglis 
 
Fidante Capital              020 7832 0900 
Robert Peel 
Justin Zawoda-Martin 
 
Macquarie Capital (Europe) 
 Limited                     020 3037 2000 
Nick Stamp 
 
Shore Capital                0207 408 4090 
Bidhi Bhoma 
Anita Ghanekar 
 
MHP Communications           020 3128 8100 
Andrew Leach 
Ivana Petkova 
Luke Briggs 
 
Ipes (Guernsey) Limited      01481 713 843 
Nick Robilliard 
 

Notes to Editors:

NESF is a specialist investment company that invests in operating solar power plants in the UK. Its 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 GBP586m since its initial public offering on the main market of the London Stock Exchange in April 2014. It also has credit facilities of GBP269.8m in place (GBP150m from a syndicate including MIDIS, NAB and CBA; MIDIS: GBP54.3m; Bayerische Landesbank: GBP43.8m; and NIBC: GBP21.7m).

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, providing solar asset management, monitoring and other services to over 1,300 utility-scale solar power plants with an installed capacity in excess of 1.8 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 company news service from the London Stock Exchange

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September 19, 2017 05:32 ET (09:32 GMT)