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 [e-mail]
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

 

END