NextEnergy Solar Fund Limited Scrip Reference Price (2837O)
28 Mayo 2020 - 11:37AM
UK Regulatory
TIDMNESF
RNS Number : 2837O
NextEnergy Solar Fund Limited
28 May 2020
28 May 2020
NextEnergy Solar Fund Limited
("NESF" or the "Company")
Scrip Reference Price
The reference price of a new Ordinary Share under the scrip
dividend alternative for the interim dividend for the quarter ended
31 March 2020 has been set at 107.84 pence. This is the average of
the middle market prices of the Company's shares derived from the
London Stock Exchange Daily Official List for the ex-dividend date
and the four subsequent dealing days. The final date for receiving
elections on the scrip is 8 June 2020.
The process for electing to receive Scrip Shares or making
changes to an existing Scrip Dividend Mandate is
detailed in the Scrip Circular dated 8 August 2019.
If you wish to receive this interim dividend in cash on the
whole of your holding, and do not have a Scrip Dividend Mandate in
place, you do not need to take any further action.
If you already have a Scrip Dividend Mandate in place and you
wish to continue to receive Scrip Shares, you do not need to take
any further action.
The Scrip Circular dated 8 August 2019 can be v i e w e d and /
or downloaded from the Investor R e lations pa r t of the NESF w e
b s ite ( ne x tener g ysolarfu n d. c om ) . Copies of these
documents can also be obtained from the Company Secretary.
For further information:
NextEnergy Capital Limited 020 3746 0700
Michael Bonte-Friedheim
Aldo Beolchini
Cenkos Securities Plc 020 7397 8900
Justin Zawoda-Martin
Robert Naylor
William Talkington
Shore Capital 020 7408 4090
Anita Ghanekar
Darren Vickers
MHP Communications 020 3128 8100
Oliver Hughes
Giles Robinson
Apex Fund and Corporate Services
(Guernsey) Limited 01481 735 827
Nick Robilliard
Notes to Editors ([i]) :
A constituent of the FTSE 250 Index, NextEnergy Solar Fund
("NESF") is a renewable energy infrastructure investment company
that invests primarily in operating solar power plants in the UK
(it may invest up to 15% of its gross assets in other OECD
countries). The Company is committed to ESG principles and
responsible investment and makes a meaningful contribution to
reducing CO2 emissions through the generation of clean solar power.
NESF has been designated a Guernsey Green Fund by the Guernsey
Financial Services Commission and has been awarded the London Stock
Exchange's Green Economy Mark.
NESF has a diversified portfolio comprising 90 operating solar
assets, primarily on agricultural, industrial and commercial sites,
with a combined installed power capacity in excess of 755MW. As at
31 March 2020, the Company has gross assets of GBP993 million, of
which 89% is invested in the UK, and net assets of GBP579 million.
The majority of long-term cash flows from its investments are
inflation-linked.
NESF's investment objective is to provide ordinary shareholders
with a sustainable and attractive dividend that increases in line
with RPI over the long term, while delivering an element of capital
growth through reinvesting net cash generated in excess of the
target dividend. The dividend is payable quarterly and the Company
has announced a total dividend for the year to 31 March 2020 of
6.87p per ordinary share.
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, which since its founding 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 1.6 GW.
Further information on NESF, NEC Group and WiseEnergy is
available at nextenergysolarfund.com , nextenergycapital.com and
wise-energy.eu .
[1] Note: All data is unaudited as at 31 March 2020, being the
latest date in respect of which NESF has published financial
information.
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.
END
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May 28, 2020 12:37 ET (16:37 GMT)
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