TIDMNESF
RNS Number : 0277A
NextEnergy Solar Fund Limited
24 September 2015
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN,
SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE
UNLAWFUL OR RESTRICTED BY LAW OR TO US PERSONS (WITHIN THE MEANING
OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED).
SAVE IN RELATION TO THE UK AND THE REPUBLIC OF IRELAND AND THE
NETHERLANDS, NO ACTION HAS BEEN TAKEN BY THE COMPANY, THE JOINT
BOOKRUNNERS OR THE SPONSOR THAT WOULD PERMIT AN OFFERING OF THE NEW
ORDINARY SHARES OR POSSESSION OR DISTRIBUTION OF THIS ANNOUNCEMENT,
ANY OTHER PUBLICITY MATERIAL OR ANY OFFERING MATERIAL RELATING TO
SUCH SHARES IN ANY JURISDICTION WHERE ACTION FOR THAT PURPOSE IS
REQUIRED. PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT OR ANY
OTHER SUCH MATERIALS COMES SHOULD INFORM THEMSELVES ABOUT, AND
OBSERVE, ANY SUCH RESTRICTIONS. ANY FAILURE TO COMPLY WITH ANY SUCH
RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF
ANY SUCH JURISDICTION.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER
TO ISSUE OR SELL, OR ANY SOLICITATION OF ANY OFFER TO SUBSCRIBE OR
PURCHASE, ANY SECURITIES IN THE COMPANY IN ANY JURISDICTION,
INCLUDING THE UNITED STATES, NOR SHALL IT (OR ANY PART OF IT OR THE
FACT OF ITS DISTRIBUTION) FORM THE BASIS OF, OR BE RELIED ON IN
CONNECTION WITH, ANY CONTRACT THEREFOR OR INVESTMENT DECISION IS
RESPECT OF ANY SUCH SECURITIES. WITHOUT PREJUDICE TO THE FOREGOING
GENERALITY, THIS ANNOUNCEMENT DOES NOT CONSTITUTE A RECOMMENDATION
REGARDING ANY SECURITIES.
ANY INVESTMENT DECISION MUST BE MADE EXCLUSIVELY ON THE BASIS OF
THE PROSPECTUS PUBLISHED BY THE COMPANY ON 10 NOVEMBER 2014 (AND
ANY SUPPLEMENT THERETO) IN CONNECTION WITH ITS PLACING PROGRAMME
(THE "PROSPECTUS"). UNLESS THE CONTEXT REQUIRES OTHERWISE, WORDS
AND EXPRESSIONS DEFINED IN THE PROSPECTUS HAVE THE SAME MEANINGS
WHEN USED IN THIS ANNOUNCEMENT.
24 September 2015
NextEnergy Solar Fund Limited (the "Company")
Result of Placing and Further Allotment of New Shares Pursuant
to Offer
The Board is pleased to announce that the proposed issue of New
Ordinary Shares announced on 7 September 2015 (the "Issue") has
raised gross proceeds of GBP38.8 million.
The Company has received commitments under the institutional
placing for 36,309,627 New Ordinary Shares and applications under
the Offer for a further 1,297,478 New Ordinary Shares. Accordingly,
subject to Admission, a total of 37,607,105 New Ordinary Shares
will be issued at a price of 103.3p per share.
Applications have been made to the Financial Conduct Authority
for the New Ordinary Shares to be admitted to the premium segment
of the Official List and to the London Stock Exchange for New
Ordinary Shares to be admitted to trading on its main market for
listed securities ("Admission"). Admission is expected to become
effective, and dealings in the New Ordinary Shares are expected to
commence, at 8.00 a.m. on 30 September 2015. Following Admission,
the New Ordinary Shares will rank pari passu in all respects with
the existing Ordinary Shares.
On Admission, the Company's issued share capital will comprise
277,957,105 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 277,957,105. 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 and Transparency Rules.
For Further Information:
NextEnergy Capital Limited 020 3239 9054
Michael Bonte-Friedheim
Aldo Beolchini
Cantor Fitzgerald Europe (Financial Adviser and Joint Lead Bookrunner) 020 7894 7667
Sue Inglis (Corporate Finance)
Andrew Worne / Andrew Davey / Tom Dixon (Sales)
Shore Capital (Sponsor and Joint Bookrunner) 020 7408 4090
Bidhi Bhoma
Anita Ghanekar
Patrick Castle
Macquarie Capital (Europe) Limited (Joint Lead Bookrunner) 020 3037 2000
Ken Fleming
Nick Stamp
MHP Communications 020 3128 8100
Andrew Leach
Jamie Ricketts
Gina Bell
Notes to Editors:
NextEnergy Solar Fund
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 GBP285.5m since its initial
public offering on the main market of the London Stock Exchange in
April 2014 (not including the current placing). Its credit
facilities include a two-year revolving facility of GBP31.5m from
Macquarie and a GBP22.7 million facility from NIBC.
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 1,200 utility-scale solar power plants with an
installed capacity in excess of 1.5 GW.
Further information on NESF, NEC Group and WiseEnergy is
available at www.nextenergysolarfund.com, www.nextenergycapital.com
and www.wise-energy.eu.
Additional Important Notices
Cantor Fitzgerald, which is authorised and regulated in the
United Kingdom by the FCA, is acting exclusively for the Company in
connection with issue of New Shares pursuant to the Placing
Programme and Admission and will not be responsible to anyone other
than the Company for providing the protections afforded to clients
of Cantor Fitzgerald or for advising any such person in connection
with the Placing Programme or related matters. This does not limit
or exclude any responsibilities which Cantor Fitzgerald Europe may
have under FSMA or the regulatory regime established
thereunder.
Macquarie Capital (Europe) Limited, which is authorised and
regulated in the United Kingdom by the FCA, is acting exclusively
for the Company in connection with issue of New Shares pursuant to
the Placing Programme and Admission and will not be responsible to
anyone other than the Company for providing the protections
afforded to clients of Macquarie Capital (Europe) Limited or for
advising any such person in connection with the Placing Programme
or related matters. This does not limit or exclude any
responsibilities which Macquarie Capital (Europe) Limited may have
under FSMA or the regulatory regime established thereunder.
Shore Capital and Corporate Limited ("Sponsor"), which is
authorised and regulated in the United Kingdom by the FCA, is
acting exclusively for the Company in connection with issue of New
Shares pursuant to the Placing Programme and Admission and will not
be responsible to anyone other than the Company for providing the
protections afforded to clients of Shore Capital and Corporate
Limited or for advising any such person in connection with the
Placing Programme or related matters. This does not limit or
exclude any responsibilities which Shore Capital and Corporate
Limited may have under FSMA or the regulatory regime established
thereunder.
Shore Capital Stockbrokers Limited, which is authorised and
regulated in the United Kingdom by the FCA, is acting exclusively
for the Company in connection with issue of New Shares pursuant to
the Placing Programme and Admission and will not be responsible to
anyone other than the Company for providing the protections
afforded to clients of Shore Capital Stockbrokers Limited or for
advising any such person in connection with the Placing Programme
or related matters. This does not limit or exclude any
responsibilities which Shore Capital Stockbrokers Limited may have
under FSMA or the regulatory regime established thereunder.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROIDMGZLNFLGKZM
(END) Dow Jones Newswires
September 24, 2015 02:00 ET (06:00 GMT)
Nextenergy Solar (LSE:NESF)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Nextenergy Solar (LSE:NESF)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024