Total Voting Rights

RNS Number : 7150R

NextEnergy Solar Fund Limited

01 July 2020

 

1 July 2020

NextEnergy Solar Fund Limited

("NESF" or the "Company")

TOTAL VOTING RIGHTS

In conformity with the FCA's Disclosure Guidance and Transparency Rules (the "Rules") provision 5.6.1, the Company would like to notify the market that as at 30 June 2020 its issued share capital consisted of 584,935,046 ordinary shares of no par value.

There are no ordinary shares held in Treasury.  

Therefore the total number of voting rights in the Company is 584,935,046 and this number may be used as the denominator for the calculations by which shareholders will determine if they are required to notify their interest in, or a change to their interest, in the Company, under the Rules.

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 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 755MW. As at 31 March 2020, the Company has gross assets of £991 million, of which 88% is invested in the UK, and net assets of £579 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 31 March 2020, being the latest date in respect of which NESF has published financial information.

 

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