TIDMNESF

RNS Number : 0243S

NextEnergy Solar Fund Limited

20 June 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 January 2018 to 31 March 
                                        2018 
 Dividend amount per share:            1.605 pence 
 Scrip dividend price per share:       108.90 pence 
 Payment date/Allotment of scrip:      29 June 2018 
 Number of new shares to be issued:    2,276,348

Application has been made to the London Stock Exchange for 2,276,348 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 fourth quarter of the Company's 2017/18 financial year. Dealings are expected to commence at 8:00 a.m. on 29 June 2018.

Immediately following Admission, the Company's issued share capital will comprise 577,920,188 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 577,920,188. 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:

 
                             020 3746 
NextEnergy Capital Limited    0700 
Michael Bonte-Friedheim 
Aldo Beolchini 
 
                             020 7894 
Cantor Fitzgerald Europe      7667 
Sue Inglis 
Robert Peel 
                             020 7832 
Fidante Capital               0900 
Tom Skinner 
 Justin Zawoda-Martin 
 
                             020 7408 
Shore Capital                 4090 
Anita Ghanekar 
 
Macquarie Capital (Europe)   020 3037 
 Limited                      2000 
Nick Stamp 
 
 
                             020 3128 
MHP Communications            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 of GBP270m in place (GBP149m from a syndicate including MIDIS, NAB and CBA; MIDIS: GBP54m; ING: GBP34m; and UniCredit GBP33m).

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 been providing operating asset management, monitoring, technical due diligence and other services to over 1,300 utility-scale solar power plants with an installed capacity inexcess 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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June 20, 2018 08:29 ET (12:29 GMT)

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