logo-loader
RNS
viewNextEnergy Solar Fund

NextEnergy SolFnd Ld - Scrip Dividend Shares - Additional Listing

RNS Number : 7469W
NextEnergy Solar Fund Limited
13 December 2019
 

 

NextEnergy Solar Fund Limited
("NESF" or the "Company")

 

SCRIP DIVIDEND SHARES - ADDITIONAL LISTING

 

The NESF Board wishes to confirm the following in respect of the scrip dividend: 

 

Dividend period:

 

1 July 2019 to 30 September 2019

Dividend amount per share:

 

1.7175 pence

Scrip dividend price per share:

 

122.40 pence

Payment date/Allotment of scrip:

 

31 December 2019

Number of new shares to be issued:

 

588,428

 

 

Application has been made to the London Stock Exchange for 588,428 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 2019/20 financial year. Dealings are expected to commence at 8:00 a.m. on 31 December 2019.

 

Immediately following Admission, the Company's issued share capital will comprise 584,205,931 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 584,205,931. 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.

For further information:

NextEnergy Capital Limited

020 3746 0700

Michael Bonte-Friedheim


Aldo Beolchini





Cantor Fitzgerald Europe


020 7894 7719

Robert Peel


Shore Capital

020 7408 4090

Anita Ghanekar








MHP Communications

020 3128 8100

Oliver Hughes
 

Apex Fund and Corporate Services (Guernsey) Limited  

01481 735 827

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.

As at 30 September 2019, NESF raised equity proceeds of £792m (including £200m of preference shares) since its initial public offering on the main market of the London Stock Exchange in April 2014. The Company's subsidiaries had financial debt outstanding of £211m, on a look-through basis including project level debt. Of the financial debt, £197m was long-term fully amortising debt, and £14m was drawn under a short-term credit facility.

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 nextenergysolarfund.com, nextenergycapital.com and 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 [email protected] or visit www.rns.com.
 
END
 
 
ALSCKBDDCBDDPBD

Quick facts: NextEnergy Solar Fund

Price: 107.2

Market: LSE
Market Cap: £627.05 m
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE