Last checked at 7 May 2020 07:00
7 May 2020
US SOLAR FUND PLC (USF, the "Company")
DIRECTORATE CHANGE
US Solar Fund plc (LON: USF (USD)/USFP (GBP)) announces that Josephine Tan has resigned as a Director of the Company with effect from 15 May 2020. Ms Tan is taking up a new executive position that would not be compatible with the time commitment required to remain on the Board of the Company.
Commenting on Ms Tan's resignation, Gill Nott, Chair of the Company said:
"We are very sorry to see her go and would like to thank her for her significant contribution to the Company. The Board has engaged the services of a professional search firm and is in the process of recruiting a new non-executive director to replace Ms Tan. The Board expects to finalise this recruitment in June 2020."
For further information, please contact:
US Solar Fund Whitney Voûte
| +1 718 230 4329 |
Cenkos Securities plc Will Rogers Rob Naylor Will Talkington
| +44 20 7397 8900 |
KL Communications | +44 20 3995 6673 |
Charles Gorman Charlotte Stickings |
About US Solar Fund plc
US Solar Fund plc listed on the premium segment of the London Stock Exchange in April 2019, following its successful US$200m IPO. The Company's investment objective is to provide investors with attractive and sustainable dividends with an element of capital growth by investing in a diversified portfolio of solar power assets in North America and other OECD countries in the Americas.
The Company acquires or constructs, owns and operates solar power assets that are expected to have an asset life of at least 30 years and generate stable and uncorrelated cashflows by selling electricity to creditworthy offtakers under long-term power purchase agreements (or PPAs).
Further information on the Company can be found on its website at http://www.ussolarfund.co.uk.
About the Investment Manager
USF is managed by New Energy Solar Manager (NESM). NESM also manages New Energy Solar, an Australian Securities Exchange (ASX)-listed fund which has committed over US$900m to US and Australian solar plants since late 2015.
NESM is owned by Walsh & Company, the funds management division of Evans Dixon, an ASX-listed company (ASX: ED1) with over A$20 billion of funds under advice and management.