Last checked at 
28 Sep 2016 07:00
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 April 2016 to 30 June 2016 |
Dividend amount per share:
| 1.5775 pence |
Scrip dividend price per share:
| 104.626 pence |
Payment date/Allotment of scrip:
| 30 September 2016 |
Number of new shares to be issued:
| 1,139,374 |
Application has been made to the London Stock Exchange for 1,139,374 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 2016/17 financial year. Dealings are expected to commence at 8:00 a.m. on 30 September 2016.
Immediately following Admission, the Company's issued share capital will comprise 343,197,405 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 343,197,405. 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 3239 9054 | |
Michael Bonte-Friedheim | ||
Aldo Beolchini
| ||
Cantor Fitzgerald Europe | 020 7894 7667 | |
Sue Inglis
| ||
Fidante Capital | 020 7832 0900 | |
Robert Peel | ||
Justin Zawoda-Martin
| ||
Macquarie Capital (Europe) Limited | 020 3037 2000 | |
Ken Fleming | ||
Nick Stamp
| ||
Shore Capital | 020 7408 4090 | |
Bidhi Bhoma | ||
Anita Ghanekar
| ||
MHP Communications | 020 3128 8100 | |
Andrew Leach / Jamie Ricketts / Rebecca Emery | ||
Notes to Editors:
NextEnergy Solar Fund
NESF is a specialist investment company that invests in operating solar power plants in the UK. Its 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 approximately £350m since its initial public offering on the main market of the London Stock Exchange in April 2014. It also has credit facilities of £210.1m in place (Macquarie and Santander: £88.5m, MIDIS: £55.0m, Bayersiche Landesbank: £44.9m and NIBC: £21.7m).
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, providing solar asset management, monitoring and other services to over 1,250 utility-scale solar power plants with an installed capacity in excess of 1.7 GW. NextPower II is NEC Group's private equity fund with initial commitments of €150m, investing in operating solar power plants and focused on consolidating the substantial, highly fragmented Italian solar market.
Further information on NESF, NEC Group and WiseEnergy is available at www.nextenergysolarfund.com, www.nextenergycapital.com and www.wise-energy.eu.