NextEnergy Solar Fund Ltd.

Notice of Dividend Amount • Mar 20, 2018

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 3431I

NextEnergy Solar Fund Limited

20 March 2018

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 October 2017 to 31 December 2017
Dividend amount per share:	1.605 pence
Scrip dividend price per share:	112 pence
Payment date/Allotment of scrip:	29 March 2018
Number of new shares to be issued:	458,185

Application has been made to the London Stock Exchange for 458,185 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 third quarter of the Company's 2017/18 financial year. Dealings are expected to commence at 8:00 a.m. on 29 March 2018. 

Immediately following Admission, the Company's issued share capital will comprise 575,643,840 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 575,643,840.  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.

NextEnergy Capital Limited		020 3893 1500
Michael Bonte-Friedheim
Aldo Beolchini
Cantor Fitzgerald Europe		020 7894 7667
Sue Inglis
Fidante Capital Europe Limited		020 7832 0900
Tom Skinner Justin Zawoda-Martin
Shore Capital		020 7408 4090
Anita Ghanekar
Macquarie Capital (Europe) Limited		020 3037 2000
Nick Stamp
MHP Communications Limited		020 3128 8100
Andrew Leach
Ipes (Guernsey) Limited	01481 713 843
Nick Robilliard

Notes to Editors:

NESF is a specialist investment company that invests primarily in operating solar power plants in the UK. It has the authority 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.

NESF has raised equity proceeds of £591.9m since its initial public offering on the main market of the London Stock Exchange in April 2014. It also has credit facilities of £272m in place (£150m from a syndicate including MIDIS, NAB and CBA; MIDIS: £54m; ING: £35m; and UniCredit £33m).

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 been providing 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 www.nextenergysolarfund.com, www.nextenergycapital.com and www.wise-energy.eu.

This information is provided by RNS

The company news service from the London Stock Exchange

END

ALSFKKDKABKDFNB