NESF Nextenergy Solar Fund Limited

TIDMNESF

RNS Number : 4965T

NextEnergy Solar Fund Limited

21 March 2019

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

DIRECTOR APPOINTMENT

The Board of NESF is pleased to announce the appointment of Susan (Sue) Inglis to the Board as a non-executive Director with effect from 1 April 2019.

The Company understands the importance of expanding the Board, recognising the significant growth of the Company since launch, to help support future growth and to further enhance and complement the Board in terms of skills, experience, and knowledge.

Sue has over 30 years' experience advising investment companies and financial institutions. Before embarking on a non-executive career, her executive roles included Managing Director - Corporate Finance in the Investment Companies teams at Cantor Fitzgerald Europe (2012- 2018) and Canaccord Genuity (2009-2012). Sue is a qualified lawyer and was a partner and head of the funds and financial services group at Shepherd & Wedderburn, a leading Scottish law firm. In 1999 she was a founding partner of Intelli Corporate Finance Limited, an advisory boutique firm focusing on the asset management and investment company sectors, which was acquired by Canaccord Genuity in 2009. Sue is currently Chairman of The Bankers Investment Trust plc and a non-executive director of Baillie Gifford US Growth Trust plc, BMO Managed Portfolio Trust plc, Seneca Global Income & Growth Trust plc and The European Investment Trust plc.

Kevin Lyon, Chairman of NESF, commented:

"I am delighted to welcome Sue to the Board of NextEnergy Solar Fund Limited. Sue brings a wealth of experience to the Board from her previous roles which we believe will help support the Company in its objectives. The Board is looking forward to working with Sue as we look to continue the Company's success."

There are no other disclosures to be made pursuant to Listing Rule 9.6.13.

For further information:

 
 NextEnergy Capital Limited            020 3893 1500 
 Michael Bonte-Friedheim 
 Aldo Beolchini 
 
 Cantor Fitzgerald Europe              020 7894 7667 
 Robert Peel 
 
 Fidante Capital                       020 7832 0900 
 John Armstrong-Denby 
 
 Shore Capital                         020 7408 4090 
 Anita Ghanekar 
 
 Macquarie Capital (Europe) Limited    020 3037 2000 
 Nick Stamp 
 
 MHP Communications                    020 3128 8100 
 Oliver Hughes 
 Ipes (Guernsey) Limited               01481 713 843 
 Nick 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 31 December 2018, NESF has raised equity proceeds of GBP692m (including GBP100m of preference shares) since its initial public offering on the main market of the London Stock Exchange in April 2014. It also has credit facilities outstanding of c.GBP296m in place (GBP148m from a syndicate including MIDIS, NAB and CBA; MIDIS: GBP52m; Santander GBP40m; and Bayerische Landesbank GBP56m).

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 www.nextenergysolarfund.com, www.nextenergycapital.com and www.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 rns@lseg.com or visit www.rns.com.

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