Foresight Solar VCT Foresight Solar Vct Plc : Net Asset Values & Trading Statement
January 22 2015 - 7:00AM
UK Regulatory
TIDMFTSV
Foresight Solar VCT Plc
NAV Statement and Trading Update
22 January 2015
-- Net Asset Value at 31 December 2014 approximately 104p per Ordinary
Share, after the payment of a 3.0p per Ordinary Share dividend in
November 2014
-- Ordinary Share bond proceeds fully deployed and "C" Share capital fully
committed
NAV UPDATE AS AT 31 December 2014
Foresight Solar VCT Plc is pleased to report that its unaudited Ordinary
ShareNet Asset Value ("NAV") has increased to approximately 104p per
Ordinary Share at 31 December 2014 (after the payment of a 3.0p per
Ordinary Share dividend in November 2014) compared to 101.9p per
Ordinary Share as at 30 June 2014.
The unaudited "C" Share NAV decreased slightly from 98.0p per C Share to
approximately 95p per C Share after the payment of a 2.5p per C Share
dividend also during November 2014.
TRADING UPDATE: ORDINARY SHARES
In December 2014, Foresight Solar VCT plc completed the acquisition of a
16.4MW operating asset. The asset "Turweston" is located in Brackley,
Buckinghamshire, and was connected to the grid on 8 December 2014, thus
qualifying for a 1.4 ROC level. The plant has been acquired from
BELECTRIC UK & BELECTRIC GmBH ("BELECTRIC") a world leader in the
construction and operation of solar farms having installed over 1.5GW of
solar power globally. The acquisition was funded using the proceeds of
the Bond refinancing that was completed by Foresight Group in 2013.
TRADING UPDATE: "C" SHARES:
Foresight Solar VCT Plc has exchanged on two UK sites with one further
site now under exclusivity. Combined, these sites have a capacity of
11.9MW and represent an investment requirement of c. GBP10m. A further
GBP1.8m of "C" share capital has been committed to a US Solar project.
ENDS
For further information
Foresight Group
Gary Fraser 0203 667 8100
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 VCT PLC via Globenewswire
HUG#1888846
http://www.foresightgroup.eu/
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