Posting of Shareholder Circulars and Annual Report

RNS Number : 0195X

NextEnergy Solar Fund Limited

25 August 2020

 

LEI: 213800ZPHCBDDSQH5447

25 August 2020

NextEnergy Solar Fund Limited

("NESF" or the "Company")

Posting of Shareholder Circulars and Annual Report

Further to the Company's announcements on 13 August 2020 and 19 August 2020, the Company announces that the following documents were posted to Shareholders (other than those who have elected for electronic communication) on Friday 21 August 2020:

-  Shareholder Circular incorporating a Recommended Proposal regarding Changes to the Company's Investment Policy and Notice of the 2020 AGM;

-  The Annual Report for the year ended 31 March 2020; and

-  Shareholder Circular relating to the Quarterly Interim Dividend Cycle, Scrip Dividend Alternative and Scrip Dividend Election for the First Quarterly Interim Dividend for the financial year ending 31 March 2021.

The above documents can also be found on the investor relations section of the website www.nextenergysolarfund.com .

Enquiries:

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 8734
Oliver Hughes Giles Robinson Ailsa Prestige
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 CO2e 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 c.755MW. As at 30 June 2020, the Company has gross assets of £987 million, of which 88% is invested in the UK, and net assets of £576 million. The majority of long-term cash flows from its investments are inflation-linked.

NESF's investment objective is to provide ordinary shareholders with attractive risk-adjusted returns, principally in the form of regular dividends, by investing in a diversified portfolio of primarily UK-based solar energy infrastructure assets. The dividend is payable quarterly, and the Company has announced a dividend target for the year ending 31 March 2021 of 7.05p 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 1,500 utility-scale solar power plants with an installed capacity in excess of 1.7 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 as at 30 June 2020, being the latest date in respect of which NESF has published financial information.

 

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