REG - NextEnergy Solar Fnd - Scrip Dividend Shares - Additional Listing

NextEnergy Solar FundAnnouncement

14/09/2023 07:00

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RNS Number : 3605M  NextEnergy Solar Fund Limited  14 September 2023

LEI: 213800ZPHCBDDSQH5447

14 September 2023

 

NextEnergy Solar Fund Limited

 

("NESF" or the "Company")

 

Scrip Dividend Shares - Additional Listing

 

NextEnergy Solar Fund, the specialist solar+ fund, is pleased to announce the
following in respect of the scrip dividend:

 

 Dividend period:                    1 April 2023 to 30 June 2023

 Dividend amount per share:          2.08 pence

 Scrip dividend price per share:     109.3 pence

 Payment date/Allotment of scrip:    29 September 2023

 Number of new shares to be issued:  341,166

 

Application has been made to the London Stock Exchange for 341,166 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 2023 financial year. Dealings
are expected to commence at 8:00 a.m. on 29 September 2023.

 

Immediately following Admission, the Company's issued share capital will
comprise 590,821,185 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
590,821,185. 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                          020 3746 0700

 Michael Bonte-Friedheim                     ir@nextenergysolarfund.com
 Ross Grier
 Stephen Rosser
 Peter Hamid (Investor Relations)

                                             020 7653 4000

 RBC Capital Markets
 Matthew Coakes
 Elizabeth Evans

 Kathryn Deegan

 Cavendish Securities plc                    020 7397 8900
 James King
 William Talkington

                                             020 7379 5151

 H/Advisors Maitland
 Neil Bennett
 Finlay Donaldson

                                             014 8174 2642

 Ocorian Administration (Guernsey) Limited
 Kevin Smith

 

 

Notes to Editors(1):

About NextEnergy Solar Fund

NESF is a specialist solar+ fund listed on the premium segment of the London
Stock Exchange and is a constituent of the FTSE 250.  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 utility-scale solar energy and energy storage
infrastructure assets.  The majority of NESF's long-term cash flows are
inflation-linked via UK government subsidies.

 

The NESF portfolio has a combined installed power capacity of 865MW (excluding
NextPower III MW on an equivalent look-through basis).  NESF may invest up to
30% of its gross asset value in non-UK OECD countries, 15% in solar-focused
private infrastructure funds, and 10% in energy storage assets.  As at 30
June 2023, the Company had an unaudited gross asset value of £1,190m.  For
further information on NESF please visit www.nextenergysolarfund.com
(http://nextenergysolarfund.com/)

Article 9 Fund

NESF is classified under Article 9 of the EU Sustainable Finance Disclosure
Regulation and EU Taxonomy Regulation.  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 & NEC
website.

 

About NextEnergy Group

NESF is managed by NextEnergy Capital, part of the NextEnergy Group.
NextEnergy Group was founded in 2007 to become a leading market participant in
the international solar sector.  Since its inception, it has been active in
the development, construction, and ownership of solar assets across multiple
jurisdictions.  NextEnergy Group operates via its three business units:
NextEnergy Capital (Investment Management), WiseEnergy (Operating Asset
Management), and Starlight (Asset Development).

 

·      NextEnergy Capital: Has over 16 years specialist solar expertise
having invested in over 350 individual solar plants across the world.
NextEnergy Capital currently manages four institutional funds with a total
capacity in excess of 2.4GW+ and has asset under management of $3.7bn.
www.nextenergycapital.com (http://www.nextenergycapital.com/)

·      WiseEnergy®:  Provides solar asset management, monitoring and
technical due diligence services to over 1,350 utility-scale solar power
plants with an installed capacity in excess of 1.8GW.  WiseEnergy clients
comprise leading banks and equity financiers in the energy and infrastructure
sector.  www.wise-energy.com (http://www.wise-energy.com)

·    Starlight: Has developed over 100 utility-scale projects
internationally and continues to progress a large pipeline of c.10GW of both
green and brownfield project developments across global geographies.

 

Notes:

(1:) All financial data is unaudited at 30 June 2023, being the latest date in
respect of which NESF has published financial information

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