Transaction in Own Shares

NextEnergy Solar Fund Limited
20 September 2024
 

LEI: 213800ZPHCBDDSQH5447

20 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:

19 September 2024

Number of ordinary shares purchased:

100,000

Lowest price per ordinary share (GBp):

79.80

Highest price per ordinary share (GBp):

80.10

Weighted average price per ordinary share (GBp):

80.04

 

The Company intends to hold the purchased shares in Treasury.

 

Following the above transaction, the Company holds 4,959,829 of its Ordinary Shares in treasury and has 585,861,356 Ordinary Shares in issue (excluding treasury shares).

 

The total number of voting rights in the Company is 585,861,356 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

ir@nextenergysolarfund.com

Ross Grier


Stephen Rosser


Peter Hamid (Investor Relations)

 


 

RBC Capital Markets

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

66,429

80.04

BATE

3,976

80.00

CHIX

3,523

80.02

TRQX

11,872

80.00

Aquis

14,200

80.06

Individual Transactions:

Transaction Date

Transaction Time

Volume

Price

Platform

Transaction Ref

19/09/2024

09:01:12

3976

80.00

XLON

00268062243TRLO0

19/09/2024

09:02:01

3976

80.10

XLON

00268062335TRLO0

19/09/2024

09:02:01

254

80.10

TRQX

00268062336TRLO0

19/09/2024

09:02:07

2276

80.10

XLON

00268062343TRLO0

19/09/2024

09:02:08

3976

80.10

XLON

00268062346TRLO0

19/09/2024

09:02:08

612

80.10

CHIX

00268062347TRLO0

19/09/2024

09:02:14

1918

80.10

XLON

00268062364TRLO0

19/09/2024

09:37:04

212

80.00

XLON

00268065626TRLO0

19/09/2024

10:25:17

96

80.00

XLON

00268071142TRLO0

19/09/2024

10:32:36

852

80.00

TRQX

00268072245TRLO0

19/09/2024

10:32:36

1678

80.00

TRQX

00268072246TRLO0

19/09/2024

10:32:36

240

80.00

XLON

00268072247TRLO0

19/09/2024

10:32:36

3428

80.00

XLON

00268072248TRLO0

19/09/2024

10:51:15

96

79.80

XLON

00268074556TRLO0

19/09/2024

11:28:04

96

80.00

XLON

00268078332TRLO0

19/09/2024

11:33:02

311

80.00

XLON

00268078991TRLO0

19/09/2024

11:33:02

122

80.00

XLON

00268078992TRLO0

19/09/2024

11:37:31

214

80.00

XLON

00268079537TRLO0

19/09/2024

13:17:48

96

80.00

XLON

00268092552TRLO0

19/09/2024

15:34:50

9088

80.10

Aquis

00268132562TRLO0

19/09/2024

15:34:50

9309

80.10

XLON

00268132563TRLO0

19/09/2024

15:34:50

6603

80.10

XLON

00268132564TRLO0

19/09/2024

15:34:51

3283

80.00

XLON

00268132573TRLO0

19/09/2024

15:34:56

381

80.00

XLON

00268132600TRLO0

19/09/2024

15:36:07

1136

80.00

TRQX

00268133139TRLO0

19/09/2024

15:36:07

1136

80.00

BATE

00268133140TRLO0

19/09/2024

15:36:07

570

80.00

XLON

00268133141TRLO0

19/09/2024

15:48:41

4234

80.00

XLON

00268138846TRLO0

19/09/2024

15:48:41

1650

80.00

TRQX

00268138847TRLO0

19/09/2024

15:48:41

622

80.00

TRQX

00268138848TRLO0

19/09/2024

16:09:27

1558

80.00

TRQX

00268150685TRLO0

19/09/2024

16:09:27

1282

80.00

TRQX

00268150686TRLO0

19/09/2024

16:09:27

2911

80.00

CHIX

00268150687TRLO0

19/09/2024

16:09:27

2840

80.00

BATE

00268150688TRLO0

19/09/2024

16:09:27

5112

80.00

Aquis

00268150689TRLO0

19/09/2024

16:09:32

415

80.00

XLON

00268150724TRLO0

19/09/2024

16:09:32

20601

80.00

XLON

00268150725TRLO0

19/09/2024

16:09:32

2840

80.00

TRQX

00268150734TRLO0

 

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