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14 Jun 2019 16:24
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:
| 31 December 2018 to 31 March 2019 |
Dividend amount per share:
| 1.6625 pence |
Scrip dividend price per share:
| 116.90 pence |
Payment date/Allotment of scrip:
| 28 June 2019 |
Number of new shares to be issued:
| 646,767
|
Application has been made to the London Stock Exchange for 646,767 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 2018/19 financial year. Dealings are expected to commence at 8:00 a.m. on 28 June 2019.
Immediately following Admission, the Company's issued share capital will comprise 582,377,308 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 582,377,308. 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 3893 1500 |
Michael Bonte-Friedheim | |
Aldo Beolchini | |
Cantor Fitzgerald Europe | 020 7894 7667 |
Robert Peel | |
Fidante Capital | 020 7832 0900 |
John Armstrong-Denby | |
Shore Capital | 020 7408 4090 |
Anita Ghanekar | |
Macquarie Capital (Europe) Limited | 020 3037 2000 |
Nick Stamp | |
MHP Communications | 020 3128 8100 |
Oliver Hughes | |
Apex Fund and Corporate Services (Guernsey) Limited | 01481 713843 |
Nicholas Robilliard | |
Notes to Editors:
NESF is a specialist investment company that invests primarily in operating solar power plants in the UK. It is able 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.
As at 31 December 2018, NESF has raised equity proceeds of £692m (including £100m of preference shares) since its initial public offering on the main market of the London Stock Exchange in April 2014. It also has credit facilities outstanding of c.£296m in place (£148m from a syndicate including MIDIS, NAB and CBA; MIDIS: £52m; Santander £40m; and Bayerische Landesbank £56m).
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 provided 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.
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