Director/PDMR Shareholding

RNS Number : 8285S

Bluefield Solar Income Fund Limited

05 October 2017

 

5 October 2017

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 Mr John Rennocks, a Director of the Company, sold a total of 130,702 Ordinary Shares in the Company.  Following the transactions, Mr Rennocks' beneficial interest in the Company is 316,011 shares, representing 0.09% 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	John Rennocks
2	Reason for the notification
a)	Position/status	Director of the Company
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 i)	Description of the financial instrument, type of instrument Identification code	Bluefield Solar Income Fund Limited, Ordinary Shares GG00BB0RDB98
b i)	Nature of the transaction	Sale of Ordinary Shares
c i)	Price(s) and volume(s)	Price(s) £1.16475 £1.16475 £1.16475 £1.16475	Volume(s) 30,702 5,000 35,000 30,000
d i)	Aggregated information - Aggregated volume - Price - Principal amount	100,702 £1.16475 £117,292.65
e i)	Date of the transaction	2 October 2017
b ii)	Nature of the transaction	Sale of Ordinary Shares
c ii)	Price(s) and volume(s)	Price(s) £1.1659	Volume(s) 30,000
d ii)	Aggregated information - Aggregated volume - Price - Principal amount	30,000 £1.1659 £34,977.00
e ii)	Date of the transaction	3 October 2017
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
Heritage International Fund Managers Limited (Company Secretary & Administrator) Kevin Smith	Tel: [phone] www.heritage.co.gg
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 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.

 

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