NextEnergy Solar Fund Limited Dividend Declaration (5426G)
November 06 2018 - 12:00PM
UK Regulatory
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 rns@lseg.com or visit www.rns.com.
END
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