NextEnergy Solar Fund Limited Scrip Reference Price (2707I)
November 22 2018 - 12:24PM
UK Regulatory
TIDMNESF
RNS Number : 2707I
NextEnergy Solar Fund Limited
22 November 2018
22 November 2018
NextEnergy Solar Fund Limited
("NESF" or the "Company")
Scrip Reference Price
The reference price of a new Ordinary Share under the scrip
dividend alternative for the interim dividend for the quarter ended
30 September 2018 has been set at 109.50 pence. This is the average
of the middle market prices of the Company's shares derived from
the London Stock Exchange Daily Official List for the ex-dividend
date and the four subsequent dealing days. The final date for
receiving elections on the scrip is 5 December 2018.
The process for electing to receive Scrip Shares or making
changes to an existing Scrip Dividend Mandate is detailed in the
Scrip Circular dated 10 August 2018.
If you wish to receive this interim dividend in cash on the
whole of your holding, and do not have a Scrip Dividend Mandate in
place, you do not need to take any further action.
If you already have a Scrip Dividend Mandate in place and you
wish to continue to receive Scrip Shares, you do not need to take
any further action.
The Scrip Circular dated 10 August 2018 can be viewed and/or
downloaded from the Investor Relations part of the NextEnergy Solar
Fund Limited's website (www.nextenergysolarfund.com). Copies of
these documents can also be obtained from the Company
Secretary.
For further information:
NextEnergy Capital Limited 020 3746 0700
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
Ipes (Guernsey) Limited 01481 755 137
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.
NESF has raised equity proceeds of GBP592m since its initial
public offering on the main market of the London Stock Exchange in
April 2014. It also has preference shares of GBP100m in issue and
credit facilities outstanding of c.GBP365m in place (GBP149m from a
syndicate including MIDIS, NAB and CBA; MIDIS: GBP54m; ING GBP32m;
UniCredit GBP32m; Santander GBP40m; and Bayerische Landesbank
GBP58m).
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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