Transaction in Own Shares

NextEnergy Solar Fund Limited

02 September 2024

 

LEI: 213800ZPHCBDDSQH5447

02 September 2024

NextEnergy Solar Fund Limited

("NESF" or the "Company")

Transaction in own shares

NextEnergy Solar Fund, a leading specialist investor in solar energy and energy storage, announces that it has purchased the following number of Ordinary Shares on the London Stock Exchange through RBC Europe Limited.

Date of purchase:	30 August 2024
Number of ordinary shares purchased:	100,000
Lowest price per ordinary share (GBp):	80.70
Highest price per ordinary share (GBp):	80.90
Weighted average price per ordinary share (GBp):	80.82

The Company intends to hold the purchased shares in Treasury.

Following the above transaction, the Company holds 3,525,882 of its Ordinary Shares in treasury and has 587,395,303 Ordinary Shares in issue (excluding treasury shares).

The total number of voting rights in the Company is 587,295,303 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their major interest or a change to their major interest in the Company under the FCA's Disclosure Guidance and Transparency Rules. 

For further information: NextEnergy Capital Michael Bonte-Friedheim	020 3746 0700 [e-mail]
Ross Grier
Stephen Rosser
Peter Hamid (Investor Relations)
RBC Europe Limited	020 7653 4000
Matthew Coakes
Elizabeth Evans Kathryn Deegan
Cavendish	020 7397 1909
James King
William Talkington
H/Advisors Maitland	020 7379 5151
Neil Bennett
Finlay Donaldson
Ocorian Administration (Guernsey) Limited	01481 742642
Kevin Smith

Notes to Editors¹:

About NextEnergy Solar Fund

NextEnergy Solar Fund is a specialist solar energy and energy storage investment company that is listed on the premium segment of the London Stock Exchange and is a FTSE 250 constituent.

NextEnergy Solar Fund'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 utility-scale solar energy and energy storage infrastructure assets.  The majority of NESF's long-term cash flows are inflation-linked via UK government subsidies.

As at 31 March 2024, the Company had an audited gross asset value of £1,155m.  More information is available at www.nextenergysolarfund.com

Article 9 Fund

NextEnergy Solar Fund is classified under Article 9 of the EU Sustainable Finance Disclosure Regulation and EU Taxonomy Regulation.  NextEnergy Solar Fund's sustainability-related disclosures in the financial services sector are in accordance with Regulation (EU) 2019/2088 and can be accessed on the ESG section of both the NextEnergy Solar Fund and NextEnergy Capital websites.

About NextEnergy Group

NextEnergy Solar Fund is managed by NextEnergy Capital, part of the NextEnergy Group.  NextEnergy Group was founded in 2007 to become a leading market participant in the international solar sector.  Since its inception, it has been active in the development, construction, and ownership of solar assets across multiple jurisdictions.  NextEnergy Group operates via its three business units: NextEnergy Capital (Investment Management), WiseEnergy (Operating Asset Management), and Starlight (Asset Development).

·      NextEnergy Capital: has over 17 years of specialist solar expertise having invested in over 400 individual solar plants across the world.  NextEnergy Capital currently manages four institutional funds with a total capacity in excess of 3GW and has assets under management of $4.3bn.  More information is available at www.nextenergycapital.com   

·      WiseEnergy®:  is a leading specialist operating asset manager in the solar sector.  Since its founding, WiseEnergy has provided solar asset management, monitoring and technical due diligence services to over 1,500 utility-scale solar power plants with an installed capacity in excess of 2.5GW.  More information is available at www.wise-energy.com

·      Starlight: has developed over 100 utility-scale projects internationally and continues to progress a large pipeline of c.10GW of both green and brownfield project developments across global geographies.  More information is available at www.starlight-energy.com

Notes:

^1: All financial data is audited at 31 March 2024, being the latest date in respect of which NextEnergy Solar Fund has published financial information

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), a breakdown of the individual trades made as part of the Programme is detailed below:

Aggregate information: 

Platform	Daily total volume (in number of shares)		Daily weighted average price of shares acquired (GBp)
XLON	75,300		80.83
BATE	5,905		80.72
CHIX	6,900		80.89
TRQX	8,275		80.80
Aquis	3,620		80.73
Individual Transactions:
Transaction Date	Transaction Time	Volume		Price	Platform			Transaction Ref
30/08/2024	10:14:48	144		80.70	BATE			00265871540TRLO0
30/08/2024	10:14:48	1052		80.70	BATE			00265871541TRLO0
30/08/2024	10:14:48	95		80.70	BATE			00265871542TRLO0
30/08/2024	10:14:48	55		80.70	XLON			00265871543TRLO0
30/08/2024	10:14:48	8		80.70	XLON			00265871544TRLO0
30/08/2024	10:14:48	2		80.70	XLON			00265871545TRLO0
30/08/2024	11:35:15	373		80.70	BATE			00265881395TRLO0
30/08/2024	11:35:15	621		80.70	BATE			00265881396TRLO0
30/08/2024	11:35:15	905		80.70	TRQX			00265881397TRLO0
30/08/2024	11:35:15	2650		80.70	XLON			00265881398TRLO0
30/08/2024	11:35:15	1810		80.70	BATE			00265881400TRLO0
30/08/2024	11:35:15	3750		80.70	XLON			00265881401TRLO0
30/08/2024	11:35:15	5000		80.70	XLON			00265881403TRLO0
30/08/2024	11:35:15	1714		80.70	XLON			00265881405TRLO0
30/08/2024	11:35:15	830		80.70	XLON			00265881406TRLO0
30/08/2024	11:35:15	1042		80.70	XLON			00265881407TRLO0
30/08/2024	11:35:15	1058		80.70	XLON			00265881408TRLO0
30/08/2024	11:35:15	356		80.70	XLON			00265881409TRLO0
30/08/2024	11:35:15	550		80.70	TRQX			00265881412TRLO0
30/08/2024	11:35:15	23		80.70	TRQX			00265881413TRLO0
30/08/2024	11:35:15	72		80.70	Aquis			00265881414TRLO0
30/08/2024	11:35:15	332		80.70	TRQX			00265881415TRLO0
30/08/2024	11:35:15	833		80.70	Aquis			00265881416TRLO0
30/08/2024	11:35:15	3190		80.70	XLON			00265881417TRLO0
30/08/2024	11:35:15	1810		80.70	Aquis			00265881426TRLO0
30/08/2024	11:35:15	3190		80.70	XLON			00265881427TRLO0
30/08/2024	11:35:19	1940		80.70	TRQX			00265881446TRLO0
30/08/2024	11:35:19	4525		80.70	XLON			00265881447TRLO0
30/08/2024	15:27:15	905		80.70	BATE			00265932128TRLO0
30/08/2024	15:34:08	95		80.70	XLON			00265934469TRLO0
30/08/2024	16:17:17	95		80.80	Aquis			00265952834TRLO0
30/08/2024	16:17:17	810		80.80	Aquis			00265952835TRLO0
30/08/2024	16:17:17	787		80.80	TRQX			00265952836TRLO0
30/08/2024	16:17:17	905		80.80	BATE			00265952837TRLO0
30/08/2024	16:17:17	905		80.80	CHIX			00265952838TRLO0
30/08/2024	16:17:17	118		80.80	TRQX			00265952839TRLO0
30/08/2024	16:17:17	207		80.80	XLON			00265952840TRLO0
30/08/2024	16:17:17	8		80.80	XLON			00265952841TRLO0
30/08/2024	16:17:17	87		80.80	XLON			00265952842TRLO0
30/08/2024	16:17:18	900		80.80	XLON			00265952898TRLO0
30/08/2024	16:17:18	178		80.80	XLON			00265952899TRLO0
30/08/2024	16:17:19	95		80.80	XLON			00265952911TRLO0
30/08/2024	16:25:02	3620		80.90	TRQX			00265957616TRLO0
30/08/2024	16:25:02	5995		80.90	CHIX			00265957617TRLO0
30/08/2024	16:25:02	15385		80.90	XLON			00265957618TRLO0
30/08/2024	16:25:02	25000		80.90	XLON			00265957620TRLO0
30/08/2024	16:25:02	5975		80.90	XLON			00265957628TRLO0

 

END