FSFL Foresight Solar Fund Limited

 
TIDMFSFL 
 
 
   Foresight Solar Fund Limited 
 
   Proposed Issue of Equity under the Placing Programme 
 
   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 the 
prospectus (the "Prospectus") published by Foresight Solar Fund Limited 
on 25 September 2014, in connection with a placing programme (the 
"Placing Programme") for ordinary shares of no par value each ("Ordinary 
Shares"), to be admitted 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. 
 
   19th February 2015 
 
   The Board of Foresight Solar Fund Limited (the "Company") is pleased to 
announce a proposed placing of new Ordinary Shares under the Placing 
Programme announced on 25 September 2014 in accordance with the 
Prospectus (the "Placing"). The Placing price will be based on an 
updated NAV per Ordinary Share to be announced on 3 March 2015 plus a 
premium of 1.75% to cover the costs of the Placing. 
 
   The proceeds from the Placing will be used to repay the existing 
acquisition facility and enable the Company to take advantage of 
additional investment opportunities identified in the UK market, 
therefore avoiding cash drag on Shareholders' funds. 
 
   Unless otherwise defined herein, terms used in this announcement shall 
have the same meanings as those defined in the Prospectus. 
 
   Timetable 
 
   The timetable is subject to change at the discretion of the Company, 
Oriel Securities Limited and J.P. Morgan Cazenove. 
 
 
 
 
Event                                                                     Date 
Announcement of issue of equity under the Placing             19 February 2015 
 Programme and timetable 
Announcement of NAV and Placing price                             3 March 2015 
Placing Opens                                                     3 March 2015 
Latest time and date for receipt of Placing           12:00pm on 12 March 2015 
commitments 
Results of Placing announced                                     13 March 2015 
Admission and Settlement                                         17 March 2015 
 
 
   ENDS 
 
   For further information 
 
   Foresight Group 
 
   Elena Palasmith                  epalasmith@foresightgroup.eu 
+44 (0) 20 3667 8100 
 
 
 
 
 
 
 
 
Oriel Securities      +44 (0)20 7710 7600 
Mark Bloomfield 
 Neil Winward 
 Tunga Chigovanyika 
 
   J.P. Morgan Cazenove                                                                                          +44 (0)20 7742 4000 
 
 
   William Simmonds 
 
   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, and a further GBP60.1m through an Initial 
Placing and Offer for Subscription in October 2014. 
 
   About Foresight Group 
 
   Foresight Group was established in 1984 and today is a leading 
independent infrastructure and private equity investment manager with 
over GBP1.3 billion of assets under management. As one of the UK's 
leading solar infrastructure investment teams Foresight funds currently 
manage over GBP930 million in 44 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. 
 
   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 J.P. 
Morgan Cazenove 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 
to the Company and is acting for no-one else in connection with the 
Placing 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. 
 
   J.P. Morgan Cazenove which is authorised by the Prudential Regulation 
Authority and regulated by the Prudential Regulation Authority and the 
Financial Conduct Authority and Oriel Securities Limited, are each 
acting exclusively for the Company and no-one else in connection with 
the Placing or the matters referred to in this announcement, will not 
regard any other person as their respective client in relation to the 
Placing and will not be responsible to anyone other than the Company for 
providing the protections afforded to their respective clients or for 
providing advice in relation to the Placing or any transaction or 
arrangement referred to in this announcement. 
 
   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#1895642 
 
 
 
 

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