NextEnergy Solar Fund Limited Scrip Reference Price (6452G)
November 26 2020 - 6:49AM
UK Regulatory
TIDMNESF
RNS Number : 6452G
NextEnergy Solar Fund Limited
26 November 2020
LEI: 213800ZPHCBDDSQH5447
26 November 2020
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 2020 has been set at 105.96 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 4 December 2020.
The process for electing to receive Scrip Shares or making
changes to an existing Scrip Dividend Mandate is detailed in the
Scrip Circular dated 19 August 2020.
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 19 August 2020 can be v i e w e d and /
or downloaded from the Investor R e lations pa r t of the NESF w e
b s ite ( ne x tener g ysolarfu n d. c om ) . 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
Cenkos Securities Plc 020 7397 8900
Justin Zawoda-Martin
Robert Naylor
William Talkington
Shore Capital 020 7408 4090
Anita Ghanekar
Darren Vickers
Camarco 020 3757 4980
Owen Roberts
Eddie Livingstone-Learmonth
Apex Fund and Corporate Services
(Guernsey) Limited 01481 735 827
Nick Robilliard
Notes to Editors [i] :
A constituent of the FTSE 250 Index, NextEnergy Solar Fund
("NESF") is a renewable energy infrastructure investment company
that invests primarily in operating solar power plants in the UK
(it may invest up to 30% of its gross assets in other OECD
countries). The Company is committed to ESG principles and
responsible investment and makes a meaningful contribution to
reducing C O (2) emissions through the generation of clean solar
power. NESF has been designated a Guernsey Green Fund by the
Guernsey Financial Services Commission and has been awarded the
London Stock Exchange's Green Economy Mark.
As at 30 October 2020, NESF has a diversified portfolio
comprising 91 operating solar assets, primarily on agricultural,
industrial and commercial sites, with a combined installed power
capacity of c.763MW.
As at 30 September 2020, the Company has gross assets of GBP994
million, of which 88% is invested in the UK, and net assets of
GBP583.5 million. The majority of long-term cash flows from its
investments are inflation-linked.
NESF's investment objective is to provide ordinary shareholders
with attractive risk-adjusted returns, principally in the form of
regular dividends, by investing in a diversified portfolio of
primarily UK-based solar energy infrastructure assets. The dividend
is payable quarterly, and the Company has announced a dividend
target for the year ending 31 March 2021 of 7.05p per ordinary
share.
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, which since its founding has provided operating asset
management, monitoring, technical due diligence and other services
to over 1,500 utility-scale solar power plants with an installed
capacity in excess of 2.3GW.
Further information on NESF, NEC Group and WiseEnergy is
available at nextenergysolarfund.com , nextenergycapital.com and
wise-energy.eu .
([1]) Note: All financial data is as at 30 September 2020, being
the latest date in respect of which NESF has published financial
information.
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END
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