NESF Nextenergy Solar Fund Limited

TIDMNESF

RNS Number : 0461F

NextEnergy Solar Fund Limited

12 November 2020

LEI: 213800ZPHCBDDSQH5447

12 November 2020

NextEnergy Solar Fund Limited

("NESF" or the "Company")

Interim Dividend

NextEnergy Solar Fund Limited is pleased to announce an interim dividend of 1.7625 pence per Ordinary Share for the quarter ending 30 September 2020. The interim dividend of 1.7625 pence will be paid on 31 December 2020 to shareholders on the register as at the close of business on 20 November 2020. The ex-dividend date is 19 November 2020.

The Company will also be offering shareholders a scrip dividend alternative to this interim dividend as detailed in the Scrip Circular dated 12 August 2020, a copy of which can be v i e w e d and / or downloaded from 'Circulars' in the Investor Relations part of the NESF w e b s ite ( nextenergysolarfund.com ) . The Scrip Share reference price will be announced on 26 November 2020, with elections to be made by 4 December 2020.

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 
 
 Camarco                             020 3757 4980 
 Owen Roberts 
  Eddie Livingstone-Learmonth 
 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 30% 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 CO(2) 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 91 operating solar assets, primarily on agricultural, industrial and commercial sites, with a combined installed power capacity of c.763MW.

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 financial data is as at 30 June 2020, being the latest date in respect of which NESF has published financial information.

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November 12, 2020 02:00 ET (07:00 GMT)

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