TIDMNESF
RNS Number : 3204L
NextEnergy Solar Fund Limited
09 September 2021
LEI: 213800ZPHCBDDSQH5447
9 September 2021
NextEnergy Solar Fund Limited
("NESF" or the "Company")
Scrip Dividend Shares - Additional Listing
NextEnergy Solar Fund, a renewable energy infrastructure
investment company specialising in solar that provides shareholders
with an attractive risk-adjusted return from a diversified
portfolio of primarily UK-based assets, is pleased to announce the
following in respect of the scrip dividend:
Dividend period: 1 April 2021 to 30 June
2021
Dividend amount per share: 1.79 pence
Scrip dividend price per share: 99.05 pence
Payment date/Allotment of scrip: 30 September 2021
Number of new shares to be issued: 109,360
Application has been made to the London Stock Exchange for
109,360 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 2021/22 financial year. Dealings are
expected to commence at 8:00 a.m. on 30 September 2021.
Immediately following Admission, the Company's issued share
capital will comprise 588,234,125 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 588,234,125. 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.
-End-
For further information:
NextEnergy Capital Group 020 3746 0700
Michael Bonte-Friedheim ir@nextenergysolarfund.com
Aldo Beolchini
Ross Grier
Peter Hamid (Investor Relations)
Cenkos Securities 020 7397 8900
James King
William Talkington
Shore Capital 020 7408 4090
Anita Ghanekar
Rose Ramsden
Camarco 020 3781 8334
Owen Roberts
Eddie Livingstone-Learmonth
Apex Fund and Corporate Services (Guernsey)
Limited 01481 735 827
Nick Robilliard
Duke Le Prevost
Notes to Editors(1) :
About NextEnergy Solar Fund
NESF is a specialist solar power renewable energy investment
company listed on the premium segment of the London Stock Exchange
that invests in operating utility-scale solar power plants. The
Company may invest up to 30% of its gross asset value in non-UK
OECD countries, 15% in solar-focused private equity structures, and
10% in energy storage.
NESF currently has a diversified portfolio comprising 99
operating solar assets (primarily on agricultural, industrial, and
commercial sites), and a $50m commitment into NextPower III (a
private ESG solar infrastructure fund providing exposure to
operating and in-development international solar assets).
The NESF portfolio has a combined installed power capacity of
893MW (including NextPower III MW on an equivalent look-through
basis).
As at 30 June 2021, the Company had gross assets of GBP1,058
million and net assets of GBP580 million. The majority of long-term
cash flows from its investments are inflation-linked.
NESF'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
primarily UK-based solar energy infrastructure assets.
For further information on NESF please visit
nextenergysolarfund.com
Commitment to ESG
NESF is committed to ESG principles and responsible investment
which make a meaningful contribution to reducing CO2 emissions
through the generation of clean solar power. NESF will only select
investments that meet the requirements of NEC Group's Sustainable
Investment Policy. Based on this policy, NESF benefits from NEC's
rigorous ESG due diligence on each investment. NESF is committed to
reporting on its ESG performance in accordance with the UN
Sustainable Development Goals framework and the EU Sustainable
Finance Disclosure Regulation.
NESF has been awarded the London Stock Exchange's Green Economy
Mark and has been designated a Guernsey Green Fund by the Guernsey
Financial Services Commission.
NESF's sustainability-related disclosures in the financial
services sector in accordance with Regulation (EU) 2019/2088 can be
accessed on the ESG section of both the NESF website (
nextenergysolarfund.com/esg/ ) & NEC Group website (
nextenergycapital.com/sustainability/transparency-and-reporting/
).
About NextEnergy Capital Group ("NEC Group")
NESF is managed by the NextEnergy Capital Group, a specialist
solar investment manager, which has a strong track record in
sourcing, acquiring, and managing operating solar assets. NEC Group
is a leading player in the global solar investment sector and has
over 190 team members with offices in UK, Italy, India, and the USA
and assets under management of over $2.8bn across three
institutional funds.
NextEnergy Capital Group donates at least 5% of its net annual
profits to NextEnergy Foundation. NextEnergy Foundation is an
international charity that was founded in 2016. Its mission is to
participate proactively in the global effort to reduce carbon
emissions, provide clean power sources in regions where they are
not yet available, and contribute to poverty alleviation.
For further information on NEC Group please visit
nextenergycapital.com
For further information on NextEnergy Foundation visit
nextenergyfoundation.org
About WiseEnergy
WiseEnergy is NEC Group's specialist operating asset management
division made up over 110 professionals. NESF is differentiated by
its access to WiseEnergy, which provides 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 2.2GW, across seven markets.
For further information on WiseEnergy please visit
wise-energy.com
([1]) Note: All financial data is as at 30 June 2021, being the
latest date in respect of which NESF has published financial
information
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