NextEnergy Solar Fund Ltd.

Notice of Dividend Amount • Dec 13, 2019

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RNS Number : 7469W

NextEnergy Solar Fund Limited

13 December 2019

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 July 2019 to 30 September 2019
Dividend amount per share:	1.7175 pence
Scrip dividend price per share:	122.40 pence
Payment date/Allotment of scrip:	31 December 2019
Number of new shares to be issued:	588,428

Application has been made to the London Stock Exchange for 588,428 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 2019/20 financial year. Dealings are expected to commence at 8:00 a.m. on 31 December 2019.

Immediately following Admission, the Company's issued share capital will comprise 584,205,931 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 584,205,931. 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:

NextEnergy Capital Limited	020 3746 0700
Michael Bonte-Friedheim
Aldo Beolchini
Cantor Fitzgerald Europe	020 7894 7719
Robert Peel
Shore Capital	020 7408 4090
Anita Ghanekar
MHP Communications	020 3128 8100
Oliver Hughes
Apex Fund and Corporate Services (Guernsey) Limited	01481 735 827
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.

As at 30 September 2019, NESF raised equity proceeds of £792m (including £200m of preference shares) since its initial public offering on the main market of the London Stock Exchange in April 2014. The Company's subsidiaries had financial debt outstanding of £211m, on a look-through basis including project level debt. Of the financial debt, £197m was long-term fully amortising debt, and £14m was drawn under a short-term credit facility.

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 provided 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 1.9 GW.

Further information on NESF, NEC Group and WiseEnergy is available at nextenergysolarfund.com, nextenergycapital.com and wise-energy.eu.

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