FSFL Foresight Solar Fund Limited

 
TIDMFSFL 
 
 
   NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO 
U.S. PERSONS, OR IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH 
AFRICA OR JAPAN 
 
   This announcement does not constitute an offer to sell, or the 
solicitation of an offer to subscribe for, or to buy shares in any 
jurisdiction. 
 
   This announcement is neither an advertisement, a prospectus nor a 
financial promotion.  Any investment in any shares referred to in this 
announcement may be made only on the basis of information in a 
prospectus (the "Prospectus") to be published by Foresight Solar Fund 
Limited in connection, inter alia, with the proposed admission of its to 
be issued ordinary shares of no par value each to the Premium Listing 
segment of the Official List of the UK Listing Authority and to trading 
on the Main Market for listed securities of the London Stock Exchange. 
 
   Foresight Solar Fund Limited 
 
   Net Asset Value and Initial Placing and Offer Price 
 
   13 October 2014 
 
   Net Asset Value as at 30 September 2014 
 
   Foresight Solar Fund Limited (the "Company") announces that as at 30 
September 2014, the unaudited net asset value ("NAV") per ordinary share 
was 101.69p (30 June 2014: 103.62p). 
 
   The NAV at 30 September 2014 excludes the interim dividend payable of 3p 
per share, for which the payment date was 30 September 2014.  The change 
in NAV includes the positive impact of the completed acquisition of the 
Hunter's Race asset effective as at 30 September 2014. 
 
   Initial Placing and Offer Price 
 
   On 25 September 2014 the Board of the Company announced its intention to 
raise additional capital by way of an Initial Placing and Offer for 
Subscription (the "Initial Placing and Offer") of new Ordinary Shares 
("New Shares") and to create a Placing Programme in relation to its New 
Shares (the Initial Placing and Offer and Placing Programme, together 
known as the "Issues").  The Initial Placing and Offer Price is equal to 
the NAV per Share as at 30 September 2014 plus a premium of 2%, rounded 
to the nearest decimal place. 
 
   Following the announcement of NAV as at 30 September 2014, the Board 
therefore announces that the Initial Placing and Offer Price will be 
103.7 pence per New Share. 
 
   ENDS 
 
   For further information, please contact: 
 
   Foresight Group 
 
   Sarah Cole                           +44 (0)203 667 8154 
 
   Oriel Securities (Sponsor and Bookrunner) 
 
   Mark Bloomfield              +44 (0)20 7710 7600 
 
   Neil Winward 
 
   Tunga Chigovanyika 
 
   Notes to Editors 
 
   About Foresight Solar Fund Limited ("The Company" or "FSFL") 
 
   FSFL is a Jersey-registered closed-end investment company. The Company 
invests in ground based UK solar power assets to achieve its objective 
of providing Shareholders with a sustainable and increasing dividend 
with the potential for capital growth over the long-term. 
 
   The Company raised proceeds of GBP150m through an initial public 
offering ("IPO") of shares on the main market of the London Stock 
Exchange in October 2013. 
 
   About Foresight Group 
 
   Foresight Group was established in 1984 and today is a leading 
independent infrastructure and private equity investment manager with 
over GBP1.2 billion of assets under management. As one of the UK's 
leading solar infrastructure investment teams, Foresight funds currently 
manage over GBP900 million in 29 separate operating Photovoltaic ("PV") 
plants in the UK, the USA and Southern Europe. 
 
   In May 2013 Foresight executed an innovative refinancing of its existing 
UK solar assets through the issue of a GBP60m London Stock Exchange 
listed index-linked Solar Bond. 
 
   Foresight Group has offices in the UK, the USA and Italy. 
 
   http://www.foresightgroup.eu/ www.foresightgroup.eu 
 
   This announcement is not for distribution, directly or indirectly, in or 
into the United States of America (including its territories and 
possessions, any state of the United States of America and the District 
of Columbia) (the "United States"), Australia, Canada, Japan or South 
Africa. This announcement does not constitute, or form part of, an offer 
to sell, or a solicitation of an offer to purchase, any securities in 
the United States, Australia, Canada, Japan or South Africa.  The 
securities of the Company have not been and will not be registered under 
the U.S. Securities Act of 1933, as amended (the "Securities Act") or 
the US Investment Company Act of 1940, as amended and may not be offered 
or sold directly or indirectly in or into the United States or to or for 
the account or benefit of any US Person (within the meaning of 
Regulation S under the Securities Act). The securities referred to 
herein have not been registered under the applicable securities laws of 
Australia, Canada, Japan or South Africa and, subject to certain 
exceptions, may not be offered or sold within Australia, Canada, Japan 
or South Africa or to any national, resident or citizen of Australia, 
Canada, Japan or South Africa. 
 
   This announcement has been issued by and is the sole responsibility of 
the Company. No representation or warranty, express or implied, is or 
will be made as to, or in relation to, and no responsibility or 
liability is or will be accepted by, Oriel Securities Limited, or by any 
of their respective affiliates or agents as to or in relation to the 
accuracy or completeness of this announcement or any other written or 
oral information made available to or publicly available to any 
interested party or their advisers and any liability therefore is 
expressly disclaimed. 
 
   Oriel Securities Limited, which is authorised and regulated in the 
United Kingdom by the Financial Conduct Authority, is acting as sponsor 
and bookrunner to the Company and is acting for no-one else in 
connection with the Issues and the contents of this announcement and 
will not be responsible to anyone other than the Company for providing 
the protections afforded to clients of Oriel Securities Limited nor for 
providing advice in connection with the Issues and the contents of this 
announcement or any other matter referred to herein. 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Foresight Solar Fund Limited via Globenewswire 
 
   HUG#1862355 
 
 
 
 

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