Transaction in Own Shares

NextEnergy Solar Fund Limited

13 September 2024

 

LEI: 213800ZPHCBDDSQH5447

13 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:	12 September 2024
Number of ordinary shares purchased:	73,489
Lowest price per ordinary share (GBp):	79.60
Highest price per ordinary share (GBp):	80.30
Weighted average price per ordinary share (GBp):	80.07

The Company intends to hold the purchased shares in Treasury.

Following the above transaction, the Company holds 4,467,423 of its Ordinary Shares in treasury and has 586,353,762 Ordinary Shares in issue (excluding treasury shares).

The total number of voting rights in the Company is 586,353,762 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 Main Market 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 30 June 2024, the Company had an unaudited gross asset value of £1,124m.  For further information please visit 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 460 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 unaudited at 30 June 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	56,486	80.12
BATE	1,051	80.30
CHIX	1,796	80.20
TRQX	14,156	79.85
Aquis	0	-

Individual Transactions:

Transaction Date	Transaction Time	Volume	Price	Platform	Transaction Ref
12/09/2024	11:09:27	1051	80.30	BATE	00267313922TRLO0
12/09/2024	11:09:27	97	80.30	XLON	00267313923TRLO0
12/09/2024	11:09:27	7049	80.30	XLON	00267313924TRLO0
12/09/2024	11:09:27	299	80.30	XLON	00267313925TRLO0
12/09/2024	11:09:27	25	80.30	XLON	00267313926TRLO0
12/09/2024	11:09:27	62	80.30	XLON	00267313927TRLO0
12/09/2024	11:09:27	10	80.30	XLON	00267313928TRLO0
12/09/2024	11:09:27	25	80.30	XLON	00267313929TRLO0
12/09/2024	11:09:27	733	80.30	TRQX	00267313921TRLO0
12/09/2024	11:09:42	97	80.30	XLON	00267313956TRLO0
12/09/2024	11:12:02	97	80.30	XLON	00267314322TRLO0
12/09/2024	11:50:57	6562	80.30	XLON	00267321208TRLO0
12/09/2024	12:03:02	97	80.30	XLON	00267326008TRLO0
12/09/2024	12:12:13	1706	80.30	XLON	00267327564TRLO0
12/09/2024	12:12:13	7823	80.30	XLON	00267327565TRLO0
12/09/2024	12:12:13	3665	80.30	XLON	00267327560TRLO0
12/09/2024	12:12:14	608	80.30	TRQX	00267327568TRLO0
12/09/2024	12:12:14	97	80.30	TRQX	00267327569TRLO0
12/09/2024	12:12:19	1466	80.30	XLON	00267327624TRLO0
12/09/2024	12:12:22	358	80.30	XLON	00267327636TRLO0
12/09/2024	13:42:43	1796	80.20	CHIX	00267343533TRLO0
12/09/2024	13:42:43	4398	80.20	XLON	00267343534TRLO0
12/09/2024	13:42:43	31	80.20	TRQX	00267343531TRLO0
12/09/2024	13:42:43	702	80.20	TRQX	00267343532TRLO0
12/09/2024	14:30:21	4398	80.10	XLON	00267354728TRLO0
12/09/2024	14:30:21	2529	80.10	TRQX	00267354727TRLO0
12/09/2024	14:30:25	4728	80.00	XLON	00267354806TRLO0
12/09/2024	14:30:30	2199	80.00	XLON	00267354937TRLO0
12/09/2024	14:34:19	4398	79.90	XLON	00267359330TRLO0
12/09/2024	14:34:19	2529	79.90	TRQX	00267359329TRLO0
12/09/2024	14:52:07	4728	79.60	XLON	00267372305TRLO0
12/09/2024	14:52:07	2199	79.60	TRQX	00267372304TRLO0
12/09/2024	15:52:04	2199	79.60	TRQX	00267406853TRLO0
12/09/2024	15:59:49	2199	79.60	XLON	00267412338TRLO0
12/09/2024	15:59:49	2529	79.60	TRQX	00267412337TRLO0

 

END