NextEnergy Solar Fund Limited Scrip Dividend Shares - Additional Listing (9970A)

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RNS Number : 9970A

NextEnergy Solar Fund Limited

17 September 2018

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 2018 to 30 June 
                                        2018 
 Dividend amount per share:            1.6625 pence 
 Scrip dividend price per share:       108.25 pence 
 Payment date/Allotment of scrip:      28 September 2018 
 Number of new shares to be issued:    2,312,277 
 

Application has been made to the London Stock Exchange for 2,312,277 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 2018/19 financial year. Dealings are expected to commence at 8:00 a.m. on 28 September 2018.

Immediately following Admission, the Company's issued share capital will comprise 580,232,465 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 580,232,465. 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:

   NextEnergy Capital Limited                       020 3746 0700 

Michael Bonte-Friedheim

Aldo Beolchini

   Cantor Fitzgerald Europe                           020 7894 7667 

Robert Peel

   Fidante Capital                                             020 7832 0900 

Tom Skinner

Justin Zawoda-Martin

   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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September 17, 2018 08:17 ET (12:17 GMT)