TIDMNESF
RNS Number : 1902V
NextEnergy Solar Fund Limited
09 December 2021
LEI: 213800ZPHCBDDSQH5447
9 December 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 June 2021 to 30 September
2021
Dividend amount per share: 1.79 pence
Scrip dividend price per share: 99.05 pence
Payment date/Allotment of scrip: 31 December 2021
Number of new shares to be issued: 459,975
Application has been made to the London Stock Exchange for
459,975 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 second
quarter of the Company's 2021/22 financial year. Dealings are
expected to commence at 8:00 a.m. on 31 December 2021.
Immediately following Admission, the Company's issued share
capital will comprise 588,694,100 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 588,694,100. 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)
RBC Capital Markets
Matthew Coakes
Elizabeth Evans
Kathryn Deegan 020 7653 4000
Cenkos Securities 020 7397 8900
James King
William Talkington
Shore Capital 020 7408 4090
Anita Ghanekar
Camarco 020 3781 8334
Owen Roberts
Eddie Livingstone-Learmonth
Apex Fund and Corporate Services (Guernsey)
Limited 020 3530 3668
Nick Robilliard
Helen Chamberlain
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
895MW (including NextPower III MW on an equivalent look-through
basis).
As at 30 September 2021, the Company had a gross asset value of
GBP1,087 million, being the aggregate of the net asset value of the
ordinary shares, the fair value of the preference shares and the
amount of NESF Group debt outstanding, and a net asset value of
GBP607million.
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 majority
of long-term cash flows from its investments are
inflation-linked.
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 200 team members with offices in UK, Italy, India, and the USA
and assets under management of over $2.9bn 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. 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.
For further information on WiseEnergy please visit
wise-energy.com
([1]) Note: All financial data is as at 30 September 2021, being
the latest date in respect of which NESF has published financial
information.
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December 09, 2021 12:06 ET (17:06 GMT)
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