Scrip Dividend Shares - additional listing
LEI: 213800ZPHCBDDSQH5447
9 December 2021
NextEnergy Solar Fund Limited
("NESF" or the "Company")
Scrip Dividend Shares - Additional Listing
NextEnergy Solar Fund, a renewable energy infrastructure investment company specialising in solar that provides shareholders with an attractive risk-adjusted return from a diversified portfolio of primarily UK-based assets, is pleased to announce the following in respect of the scrip dividend:
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Dividend period:
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1 June 2021 to 30 September 2021 |
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Dividend amount per share:
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1.79 pence |
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Scrip dividend price per share:
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99.05 pence |
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Payment date/Allotment of scrip:
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31 December 2021 |
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Number of new shares to be issued:
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459,975
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Application has been made to the London Stock Exchange for 459,975 ordinary shares to be admitted to trading. These ordinary shares are to be issued as a scrip dividend alternative to receiving a cash dividend in respect of the dividend for the second quarter of the Company's 2021/22 financial year. Dealings are expected to commence at 8:00 a.m. on 31 December 2021.
Immediately following Admission, the Company's issued share capital will comprise 588,694,100 ordinary shares, none of which will be held in treasury. Each ordinary share carries the right to one vote and, therefore, the total number of voting rights in the Company on Admission will be 588,694,100. This figure may be used by shareholders and other investors as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
-End-
For further information:
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NextEnergy Capital Group |
020 3746 0700 |
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Michael Bonte-Friedheim |
ir@nextenergysolarfund.com |
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Aldo Beolchini Ross Grier Peter Hamid (Investor Relations)
RBC Capital Markets Matthew Coakes Elizabeth Evans Kathryn Deegan
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020 7653 4000 |
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Cenkos Securities |
020 7397 8900 |
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James King William Talkington |
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Shore Capital |
020 7408 4090 |
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Anita Ghanekar |
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Camarco |
020 3781 8334 |
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Owen Roberts Eddie Livingstone-Learmonth |
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Apex Fund and Corporate Services (Guernsey) Limited |
020 3530 3668 |
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Nick Robilliard Helen Chamberlain |
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Notes to Editors1 :
About NextEnergy Solar Fund
NESF is a specialist solar power renewable energy investment company listed on the premium segment of the London Stock Exchange that invests in operating utility-scale solar power plants. The Company may invest up to 30% of its gross asset value in non-UK OECD countries, 15% in solar-focused private equity structures, and 10% in energy storage.
NESF currently has a diversified portfolio comprising 99 operating solar assets (primarily on agricultural, industrial, and commercial sites), and a $50m commitment into NextPower III (a private ESG solar infrastructure fund providing exposure to operating and in-development international solar assets).
The NESF portfolio has a combined installed power capacity of 895MW (including NextPower III MW on an equivalent look-through basis).
As at 30 September 2021, the Company had a gross asset value of £1,087 million, being the aggregate of the net asset value of the ordinary shares, the fair value of the preference shares and the amount of NESF Group debt outstanding, and a net asset value of £607million.
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 majority of long-term cash flows from its investments are inflation-linked.
For further information on NESF please visit nextenergysolarfund.com
Commitment to ESG
NESF is committed to ESG principles and responsible investment which make a meaningful contribution to reducing CO2 emissions through the generation of clean solar power. NESF will only select investments that meet the requirements of NEC Group's Sustainable Investment Policy. Based on this policy, NESF benefits from NEC's rigorous ESG due diligence on each investment. NESF is committed to reporting on its ESG performance in accordance with the UN Sustainable Development Goals framework and the EU Sustainable Finance Disclosure Regulation.
NESF has been awarded the London Stock Exchange's Green Economy Mark and has been designated a Guernsey Green Fund by the Guernsey Financial Services Commission.
NESF's sustainability-related disclosures in the financial services sector in accordance with Regulation (EU) 2019/2088 can be accessed on the ESG section of both the NESF website ( nextenergysolarfund.com/esg/ ) & NEC Group website ( nextenergycapital.com/sustainability/transparency-and-reporting/ ).
About NextEnergy Capital Group ("NEC Group")
NESF is managed by the NextEnergy Capital Group, a specialist solar investment manager, which has a strong track record in sourcing, acquiring, and managing operating solar assets. NEC Group is a leading player in the global solar investment sector and has over 200 team members with offices in UK, Italy, India, and the USA and assets under management of over $2.9bn across three institutional funds.
NextEnergy Capital Group donates at least 5% of its net annual profits to NextEnergy Foundation. NextEnergy Foundation is an international charity that was founded in 2016. Its mission is to participate proactively in the global effort to reduce carbon emissions, provide clean power sources in regions where they are not yet available, and contribute to poverty alleviation.
For further information on NEC Group please visit nextenergycapital.com
For further information on NextEnergy Foundation visit nextenergyfoundation.org
About WiseEnergy
WiseEnergy is NEC Group's specialist operating asset management division. NESF is differentiated by its access to WiseEnergy, which provides 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 2.2GW.
For further information on WiseEnergy please visit wise-energy.com
[1] Note: All financial data is as at 30 September 2021, being the latest date in respect of which NESF has published financial information.
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