Director/PDMR Shareholding

RNS Number : 7728J

Bluefield Solar Income Fund Limited

04 April 2018

 

4 April 2018

Bluefield Solar Income Fund Limited

('Bluefield Solar' or the 'Company')

Notification of Transactions of Persons Discharging Managerial Responsibility ("PDMR") and Connected Persons ("PCA")

Bluefield Solar (LON:BSIF), a sterling income fund that invests in UK-based solar assets, received notification that 78,121 Ordinary Shares in the Company have been sold by Mr James Armstrong, a PDMR of the Company, of which, 78,076 have been acquired his Self-Investment Personal Pension and Individual Savings Account.  Following the transaction, Mr Armstrong's beneficial interest in the Company is 194,087 shares, representing 0.05% of the issued capital of the Company.  Mr Giovanni Terranova, a PDMR of the Company has also sold 13,507 Ordinary Shares in the Company, of which, 13,500 have been acquired by his Self-Investment Personal Pension.  Following the transaction, Mr Terranova's beneficial interest in the Company is 167,956 shares, representing 0.05% of the issued capital of the Company.

Details of the transaction can be found in the Notification of Dealing Form below. 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr James Armstrong (via Hargreaves Lansdowne)
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Bluefield Solar Income Fund Limited
b)	LEI	2138004ATNLYEQKY4B30
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Bluefield Solar Income Fund Limited, Ordinary Shares GG00BB0RDB98
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) £1.159 £1.15	Volume(s) 17,250 60,871
d)	Aggregated information - Aggregated volume - Price - Principal amount	78,121 £1.152 £90,003.02
e)	Date of the transaction	28 March 2018
f)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr James Armstrong (via Hargreaves Lansdowne)
2	Reason for the notification
a)	Position/status	PCAs of Mr Armstrong, a member of the Investment Advisor.
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Bluefield Solar Income Fund Limited
b)	LEI	2138004ATNLYEQKY4B30
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Bluefield Solar Income Fund Limited, Ordinary Shares GG00BB0RDB98
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) £1.159 £1.1505	Volume(s) 17,245 60,831
d)	Aggregated information - Aggregated volume - Price - Principal amount	78,076 £1.152 £89,973.02
e)	Date of the transaction	28 March 2018
f)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr Giovanni Terranova (via Hargreaves Lansdowne)
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Bluefield Solar Income Fund Limited
b)	LEI	2138004ATNLYEQKY4B30
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Bluefield Solar Income Fund Limited, Ordinary Shares GG00BB0RDB98
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) £1.1595	Volume(s) 13,507
d)	Aggregated information - Aggregated volume - Price - Principal amount	13,507 £1.1595 £15,661.37
e)	Date of the transaction	28 March 2018
f)	Place of the transaction	London Stock Exchange, Main Market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr Giovanni Terranova (via Hargreaves Lansdowne)
2	Reason for the notification
a)	Position/status	PCA of Mr Terranova, a member of the Investment Advisor.
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Bluefield Solar Income Fund Limited
b)	LEI	2138004ATNLYEQKY4B30
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Bluefield Solar Income Fund Limited, Ordinary Shares GG00BB0RDB98
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) £1.159	Volume(s) 13,500
d)	Aggregated information - Aggregated volume - Price - Principal amount	13,500 £1.159 £15,646.50
e)	Date of the transaction	28 March 2018
f)	Place of the transaction	London Stock Exchange, Main Market

For further information:

Bluefield Partners LLP (Company Investment Adviser) James Armstrong / Mike Rand / Giovanni Terranova	Tel: [phone] www.bluefieldllp.com
Numis Securities Limited (Company Broker) Tod Davis / David Benda	Tel: [phone] www.numis.com
Estera International Fund Managers (Guernsey) Limited (Company Secretary & Administrator) Kevin Smith	Tel: [phone] www.estera.com
Media enquiries: Buchanan (PR Adviser) Henry Harrison-Topham / Vicky Hayns / Henry Wilson	Tel: [phone] www.buchanan.uk.com [e-mail]

Notes to Editors

About Bluefield Solar

Bluefield Solar is a sterling income fund focused on acquiring and managing UK-based solar projects to generate stable renewable energy for periods of typically 25 years or longer.  The Company's primary objective is to deliver to its shareholders stable, long term sterling income via quarterly dividends, which are linked to RPI.  The majority of the Group's revenue streams are regulated and non-correlated to traditional markets.  Bluefield Solar owns and operates one of the UK's largest, diversified portfolios of solar assets with a combined installed power capacity in excess of 440MWp.

Further information can be viewed at www.bluefieldsif.com.

About Bluefield Partners LLP ('Bluefield')

Bluefield was established in 2009 and is an investment adviser to companies and funds investing in solar energy infrastructure. It has a proven record in the selection, acquisition and supervision of large scale energy and infrastructure assets in the UK and Europe.  The team has been involved in over £1.25 billion of solar PV funds and/or transactions in both the UK and Europe since 2008, including over £500 million in the UK since December 2011.

Bluefield has led the acquisitions of, and currently advises on, over 70 UK based solar PV assets that are agriculturally, commercially or industrially situated.  Based in its London office, Bluefield's partners are supported by a dedicated and highly experienced team of investment, legal and portfolio executives.  Bluefield was appointed Investment Adviser to the Company in June 2013.

 

END

 

 

DSHGIGDSISGBGIS