NextEnergy Solar Fund Limited Scrip Reference Price (3662X)
27 Agosto 2020 - 9:57AM
UK Regulatory
TIDMNESF
RNS Number : 3662X
NextEnergy Solar Fund Limited
27 August 2020
LEI: 213800ZPHCBDDSQH5447
27 August 2020
NextEnergy Solar Fund Limited
("NESF" or the "Company")
Scrip Reference Price
The reference price of a new Ordinary Share under the scrip
dividend alternative for the interim dividend for the quarter ended
30 June 2020 has been set at 105.64 pence. This is the average of
the middle market prices of the Company's shares derived from the
London Stock Exchange Daily Official List for the ex-dividend date
and the four subsequent dealing days. The final date for receiving
elections on the scrip is 4 September 2020.
The scrip dividend alternative is subject to shareholders
approving the renewal of the scrip dividend authority at the
Company's Annual General Meeting to be held at 10.00 a.m. on 11
September 2020 (the "AGM"). The authority is being sought under
ordinary resolution 12. In the event that shareholders do not
approve the renewal of the scrip dividend authority at the AGM, the
dividend for the quarter ended 30 June 2020 and future dividends
will be paid in cash to all Ordinary Shareholders.
The process for electing to receive Scrip Shares or making
changes to an existing Scrip Dividend Mandate is
detailed in the Scrip Circular dated 19 August 2020.
If you wish to receive this interim dividend in cash on the
whole of your holding, and do not have a Scrip Dividend Mandate in
place, you do not need to take any further action.
If you already have a Scrip Dividend Mandate in place and you
wish to continue to receive Scrip Shares, you do not need to take
any further action.
The Scrip Circular dated 19 August 2020 can be v i e w e d and /
or downloaded from the Investor R e lations pa r t of the NESF w e
b s ite ( ne x tener g ysolarfu n d. c om ) . Copies of these
documents can also be obtained from the Company Secretary.
For further information:
NextEnergy Capital Limited 020 3746 0700
Michael Bonte-Friedheim
Aldo Beolchini
Cenkos Securities Plc 020 7397 8900
Justin Zawoda-Martin
Robert Naylor
William Talkington
Shore Capital 020 7408 4090
Anita Ghanekar
Darren Vickers
MHP Communications 020 3128 8734
Oliver Hughes
Giles Robinson
Ailsa Prestige
Apex Fund and Corporate Services
(Guernsey) Limited 01481 735 827
Nick Robilliard
Notes to Editors [i]:
A constituent of the FTSE 250 Index, NextEnergy Solar Fund
("NESF") is a renewable energy infrastructure investment company
that invests primarily in operating solar power plants in the UK
(it may invest up to 15% of its gross assets in other OECD
countries). The Company is committed to ESG principles and
responsible investment and makes a meaningful contribution to
reducing CO2e emissions through the generation of clean solar
power. NESF has been designated a Guernsey Green Fund by the
Guernsey Financial Services Commission and has been awarded the
London Stock Exchange's Green Economy Mark.
NESF has a diversified portfolio comprising 90 operating solar
assets, primarily on agricultural, industrial and commercial sites,
with a combined installed power capacity in excess of c.755MW. As
at 30 June 2020, the Company has gross assets of GBP987 million, of
which 88% is invested in the UK, and net assets of GBP576 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. The dividend
is payable quarterly, and the Company has announced a dividend
target for the year ending 31 March 2021 of 7.05p per ordinary
share.
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, which since its founding has provided operating asset
management, monitoring, technical due diligence and other services
to over 1,500 utility-scale solar power plants with an installed
capacity in excess of 1.7 GW.
Further information on NESF, NEC Group and WiseEnergy is
available at nextenergysolarfund.com , nextenergycapital.com and
wise-energy.eu .
[1] Note: All data is as at 30 June 2020, being the latest date
in respect of which NESF has published financial information.
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END
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August 27, 2020 08:57 ET (12:57 GMT)
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