Transaction in Own Shares

NextEnergy Solar Fund Limited

26 September 2024

 

LEI: 213800ZPHCBDDSQH5447

26 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:	25 September 2024
Number of ordinary shares purchased:	150,000
Lowest price per ordinary share (GBp):	77.50
Highest price per ordinary share (GBp):	77.50
Weighted average price per ordinary share (GBp):	77.50

The Company intends to hold the purchased shares in Treasury.

Following the above transaction, the Company holds 5,389,349 of its Ordinary Shares in treasury and has 585,431,836 Ordinary Shares in issue (excluding treasury shares).

The total number of voting rights in the Company is 585,431,836 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	148,221	77.50
TRQX	1,779	77.50

Individual Transactions:

Transaction Date	Transaction Time	Volume	Price	Platform	Transaction Ref
25/09/2024	08:22:39	1779	77.50	TRQX	00268614926TRLO0
25/09/2024	08:22:39	4501	77.50	XLON	00268614927TRLO0
25/09/2024	08:22:39	3558	77.50	XLON	00268614928TRLO0
25/09/2024	08:22:42	2722	77.50	XLON	00268614935TRLO0
25/09/2024	08:22:43	3558	77.50	XLON	00268614937TRLO0
25/09/2024	08:22:46	2722	77.50	XLON	00268614947TRLO0
25/09/2024	08:22:47	3558	77.50	XLON	00268614948TRLO0
25/09/2024	08:22:50	2722	77.50	XLON	00268614960TRLO0
25/09/2024	08:22:51	3558	77.50	XLON	00268614962TRLO0
25/09/2024	08:22:54	2722	77.50	XLON	00268614965TRLO0
25/09/2024	08:22:55	3558	77.50	XLON	00268614966TRLO0
25/09/2024	08:22:58	2722	77.50	XLON	00268614976TRLO0
25/09/2024	08:22:59	3558	77.50	XLON	00268614977TRLO0
25/09/2024	08:23:02	2722	77.50	XLON	00268614987TRLO0
25/09/2024	08:23:03	3558	77.50	XLON	00268614999TRLO0
25/09/2024	08:23:06	2722	77.50	XLON	00268615019TRLO0
25/09/2024	08:23:07	3558	77.50	XLON	00268615025TRLO0
25/09/2024	08:23:10	2722	77.50	XLON	00268615029TRLO0
25/09/2024	08:23:11	3558	77.50	XLON	00268615031TRLO0
25/09/2024	08:23:14	2722	77.50	XLON	00268615038TRLO0
25/09/2024	08:23:15	3558	77.50	XLON	00268615042TRLO0
25/09/2024	08:23:18	2722	77.50	XLON	00268615051TRLO0
25/09/2024	08:23:19	3558	77.50	XLON	00268615053TRLO0
25/09/2024	08:23:22	2722	77.50	XLON	00268615063TRLO0
25/09/2024	08:23:23	3558	77.50	XLON	00268615069TRLO0
25/09/2024	08:23:26	2722	77.50	XLON	00268615076TRLO0
25/09/2024	08:23:27	3558	77.50	XLON	00268615079TRLO0
25/09/2024	08:23:30	2722	77.50	XLON	00268615088TRLO0
25/09/2024	08:23:31	3558	77.50	XLON	00268615089TRLO0
25/09/2024	08:23:34	2722	77.50	XLON	00268615094TRLO0
25/09/2024	08:23:35	3558	77.50	XLON	00268615096TRLO0
25/09/2024	08:23:38	2722	77.50	XLON	00268615102TRLO0
25/09/2024	08:23:39	3558	77.50	XLON	00268615104TRLO0
25/09/2024	08:23:42	2722	77.50	XLON	00268615109TRLO0
25/09/2024	08:23:43	3558	77.50	XLON	00268615110TRLO0
25/09/2024	08:23:46	2722	77.50	XLON	00268615120TRLO0
25/09/2024	08:23:47	3558	77.50	XLON	00268615135TRLO0
25/09/2024	08:23:50	2722	77.50	XLON	00268615140TRLO0
25/09/2024	08:23:51	3558	77.50	XLON	00268615145TRLO0
25/09/2024	08:23:54	2722	77.50	XLON	00268615159TRLO0
25/09/2024	08:23:55	3558	77.50	XLON	00268615160TRLO0
25/09/2024	08:23:58	2722	77.50	XLON	00268615166TRLO0
25/09/2024	08:23:59	3558	77.50	XLON	00268615169TRLO0
25/09/2024	08:24:02	2722	77.50	XLON	00268615172TRLO0
25/09/2024	08:24:03	3558	77.50	XLON	00268615175TRLO0
25/09/2024	08:24:06	2722	77.50	XLON	00268615186TRLO0
25/09/2024	08:24:07	3558	77.50	XLON	00268615188TRLO0
25/09/2024	08:24:10	2002	77.50	XLON	00268615215TRLO0

 

END