US Solar Fund PLC Placing Programme (0630H)
April 04 2022 - 2:01AM
UK Regulatory
TIDMUSF TIDMUSFP
RNS Number : 0630H
US Solar Fund PLC
04 April 2022
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INDIRECTLY, IN WHOLE OR IN PART, TO US PERSONS OR INTO OR WITHIN
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4 April 2022
US SOLAR FUND PLC (USF, the "Company")
Placing Programme
US Solar Fund PLC (LSE: USF) published its Annual Report and
Financial Statements for the year ended 31 December 2021 on 24
March 2022. The current placing programme established by the
prospectus published by the Company on 13 April 2021 (Placing
Programme) is due to terminate on 12 April 2022.
As only eight days of the Placing Programme remain unexpired,
the Directors have decided not to publish a supplementary
prospectus which would otherwise be required to include financial
information extracted from the 2021 Annual Report and Financial
Statements. As a result, the Placing Programme will terminate with
immediate effect.
The Board and Investment Manager are conscious of the need to
continue to grow the Company. The Company remains able to issue up
to 63,834,636[1] shares without publication of a further prospectus
under the relevant exclusions in Article 1(4) of the Prospectus
Regulations. Additionally, the Company will, in due course and
subject to prevailing market conditions, consider issuing a further
prospectus and creating a new placing programme.
For further information, please contact:
US Solar Fund
Whitney Voute +1 718 230 4329
Cenkos Securities plc
James King
Tunga Chigovanyika
Will Talkington +44 20 7397 8900
Jefferies International Limited
Stuart Klein
Gaudi le Roux +44 20 7029 8000
KL Communications +44 20 3995 6673
Charles Gorman
Will Sanderson
About US Solar Fund plc
US Solar Fund plc, established in 2019, is listed on the premium
segment of the London Stock Exchange in April 2019. The Company's
investment objective is to provide investors with attractive and
sustainable dividends with an element of capital growth by owning
and operating solar power assets in North America and other OECD
countries in the America.
The solar power assets that the Company acquires or constructs
are expected to have an asset life of at least 30 years and
generate stable and uncorrelated cashflows by selling electricity
to creditworthy offtakers under long-term power purchase agreements
(or PPAs). The Company's portfolio consists of 42 operational solar
projects with a total capacity of 543 MW(DC) , all located in the
United States.
Further information on the Company can be found on its website
at http://www.ussolarfund.co.uk .
About the Investment Manager
USF is managed by New Energy Solar Manager (NESM). NESM also
manages New Energy Solar, an Australian Securities Exchange
(ASX)-listed fund. Combined, US Solar Fund and New Energy Solar
have committed approximately US$1.3 billion to 57 projects
totalling 1.2GW(DC) .
NESM is owned by E&P Funds, the funds management division of
E&P Financial Group, an ASX listed company (ASX: EP1) with over
A$20 billion of funds under advice.
[1] Being 20% of the 319,173,183 USF securities already admitted
to trading over the 12 months preceding the date of this
announcement.
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