Director Shareholding

RNS Number : 9352X

Bluefield Solar Income Fund Limited

25 November 2014

 



Bluefield Solar Income Fund Limited

25 November 2014

Director Shareholdings

The Board of Bluefield Solar Income Fund Limited received notification following the recent placing programme that Director John Rennocks subscribed for 130,000 ordinary shares of no par value ("Ordinary Shares") and Director Laurence McNairn subscribed for 150,000 Ordinary Shares.

Following this acquisition, Mr Rennocks has a beneficial interest in the Company of 252,450 Ordinary Shares and Mr McNairn has a beneficial interest in the Company of 241,764 Ordinary Shares, each representing 0.09% of the issued share capital of the Company.

Enquiries:

James Armstrong / Mike Rand / Giovanni Terranova

Bluefield Partners LLP - Company Investment Adviser

Tel: [phone]

Tod Davis / David Benda/Jamie Lillywhite

Numis Securities Limited - Company Broker

Tel: [phone]

Kevin Smith

Heritage International Fund Managers Limited - Company Secretary & Administrator

Tel: [phone]

Note to editors

About Bluefield Solar Income Fund Limited (BSIF)

BSIF is a Guernsey-registered investment company focusing on large scale agricultural and industrial solar assets. It raised gross proceeds of £130 million in July 2013 through an initial public offering of shares on the main market of the London Stock Exchange. It raised a further £13 million in February, 2014 in an oversubscribed placement. In June, 2014, it agreed a three-year revolving credit facility with Royal Bank of Scotland plc, for up to £50 million.

BSIF seeks to provide shareholders with an attractive return, principally in the form of quarterly income distributions, by investing in a diversified portfolio of solar energy assets, each located within the UK, with a focus on utility scale assets and portfolios on greenfield, industrial and/or commercial sites.

About Bluefield Partners LLP (Bluefield)

Bluefield was established in 2009 as a specialist investor into solar energy. Bluefield's team has a proven track record in the selection, acquisition and supervision of large scale energy and infrastructure assets in the UK and Europe.

The London based team has been involved in over £500m solar energy transactions in both the UK and Europe since 2008, including over £235 million in the UK since December 2011. Bluefield has led the acquisitions on over 50 UK based solar assets.

Bluefield was appointed Investment Adviser to the Company in June 2013.

 

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