NextEnergy Solar Fund Ltd.

Notice of Dividend Amount • Jun 11, 2021

National Storage Mechanism | Additional information

RNS Number : 6862B

NextEnergy Solar Fund Limited

11 June 2021

LEI: 213800ZPHCBDDSQH5447

11 June 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 assets, is pleased to announce the following in respect of the scrip dividend:

Dividend period:	1 January 2021 to 31 March 2021
Dividend amount per share:	1.7625 pence
Scrip dividend price per share:	100.88 pence
Payment date/Allotment of scrip:	30 June 2021
Number of new shares to be issued:	1,137,087

Application has been made to the London Stock Exchange for 1,137,087 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 fourth quarter of the Company's 2020/21 financial year. Dealings are expected to commence at 8:00 a.m. on 30 June 2021.

Immediately following Admission, the Company's issued share capital will comprise 588,124,765 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 588,124,765. 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.

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For further information:

NextEnergy Capital Group	020 3746 0700
Michael Bonte-Friedheim	ir@nextenergysolarfund.com
Aldo Beolchini Ross Grier Peter Hamid (Investor Relations)
Cenkos Securities	020 7397 8900
James King William Talkington
Shore Capital	020 7408 4090
Anita Ghanekar Sarah Mather
Camarco	020 3781 8334
Owen Roberts Eddie Livingstone-Learmonth
Apex Fund and Corporate Services (Guernsey) Limited	01481 735 827
Nick Robilliard

Notes to Editors1:

About NextEnergy Solar Fund

NESF is a renewable energy infrastructure investment company that currently invests in operating solar power plants in the UK and Italy. The Company may invest up to 30% of its gross asset value in non-UK OECD countries, 15% in private equity structures, and 10% in standalone energy storage.

NESF currently has a diversified portfolio comprising 94 operating solar assets, primarily on agricultural, industrial, and commercial sites, with a combined installed power capacity of c.814MWp.

As at 31 March 2021, the Company had gross assets of £1,025 million, of which 88% was invested in the UK, and net assets of £581 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.

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 190 team members with offices in UK, Italy, India, and the USA and assets under management of over $2.5bn across three institutional funds.

NextEnergy Capital Group donates 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 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.

For further information on Wise Energy please visit wise-energy.com  

[1] Note: All financial data is as at 31 March 2021, being the latest date in respect of which NESF has published unaudited financial information

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