NextEnergy Solar Fund Ltd.

Notice of Dividend Amount • Dec 14, 2020

National Storage Mechanism | Additional information

RNS Number : 6120I

NextEnergy Solar Fund Limited

14 December 2020

LEI: 213800ZPHCBDDSQH5447

14 December 2020

NextEnergy Solar Fund Limited

("NESF" or the "Company")

SCRIP DIVIDEND SHARES - ADDITIONAL LISTING

Following shareholder approval of the renewal of the scrip dividend authority at the Company's Annual General Meeting held earlier today, NESF wishes to confirm the following in respect of the scrip dividend: 

Dividend period:	1 July 2020 to 30 September 2020
Dividend amount per share:	1.7625 pence
Scrip dividend price per share:	105.96 pence
Payment date/Allotment of scrip:	31 December 2020
Number of new shares to be issued:	1,046,866

Application has been made to the London Stock Exchange for 1,046,866 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 first quarter of the Company's 2020/21 financial year. Dealings are expected to commence at 8:00 a.m. on 31 December 2020.

Immediately following Admission, the Company's issued share capital will comprise 586,791,395 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 586,791,395. 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
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 Editors1:

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 CO2 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.

As at 30 October 2020, 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 September 2020, the Company has gross assets of £994 million, of which 88% is invested in the UK, and net assets of £583.5 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 2.3GW.

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 September 2020, being the latest date in respect of which NESF has published financial information.

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