Transaction in Own Shares

NextEnergy Solar Fund Limited

01 October 2024

 

LEI: 213800ZPHCBDDSQH5447

01 October 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 September 2024
Number of ordinary shares purchased:	86,014
Lowest price per ordinary share (GBp):	79.10
Highest price per ordinary share (GBp):	79.70
Weighted average price per ordinary share (GBp):	79.53

The Company intends to hold the purchased shares in Treasury.

Following the above transaction, the Company holds 5,642,709 of its Ordinary Shares in treasury and has 585,178,476 Ordinary Shares in issue (excluding treasury shares).

The total number of voting rights in the Company is 585,178,476 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	61,254	79.55
BATE	4,012	79.64
CHIX	8,478	79.55
TRQX	10,396	79.30
Aquis	1,874	79.69

Individual Transactions:

Transaction Date	Transaction Time	Volume	Price	Platform	Transaction Ref
30/09/2024	11:19:08	3558	79.30	XLON	00269112464TRLO0
30/09/2024	11:19:08	12884	79.30	XLON	00269112465TRLO0
30/09/2024	12:39:47	95	79.50	Aquis	00269120055TRLO0
30/09/2024	13:31:56	4012	79.70	XLON	00269128176TRLO0
30/09/2024	13:31:56	7709	79.70	XLON	00269128177TRLO0
30/09/2024	13:32:15	2372	79.70	XLON	00269128234TRLO0
30/09/2024	13:32:15	4312	79.70	XLON	00269128235TRLO0
30/09/2024	13:32:26	2826	79.70	BATE	00269128264TRLO0
30/09/2024	13:32:26	3558	79.70	XLON	00269128265TRLO0
30/09/2024	13:38:50	1779	79.70	Aquis	00269128898TRLO0
30/09/2024	13:38:50	4012	79.70	XLON	00269128899TRLO0
30/09/2024	13:38:50	593	79.70	TRQX	00269128900TRLO0
30/09/2024	13:39:05	2233	79.70	TRQX	00269128925TRLO0
30/09/2024	13:39:05	4151	79.70	XLON	00269128926TRLO0
30/09/2024	14:12:33	2826	79.70	CHIX	00269133719TRLO0
30/09/2024	14:12:33	3558	79.70	XLON	00269133720TRLO0
30/09/2024	14:12:34	226	79.60	CHIX	00269133726TRLO0
30/09/2024	14:48:52	2600	79.60	CHIX	00269145495TRLO0
30/09/2024	14:48:52	3558	79.60	XLON	00269145496TRLO0
30/09/2024	14:59:00	593	79.50	TRQX	00269150241TRLO0
30/09/2024	14:59:00	1186	79.50	BATE	00269150242TRLO0
30/09/2024	14:59:00	593	79.50	CHIX	00269150243TRLO0
30/09/2024	14:59:00	4012	79.50	XLON	00269150244TRLO0
30/09/2024	15:19:44	593	79.30	TRQX	00269158835TRLO0
30/09/2024	15:19:44	2233	79.30	CHIX	00269158836TRLO0
30/09/2024	15:19:44	3558	79.30	XLON	00269158837TRLO0
30/09/2024	15:27:37	1047	79.10	TRQX	00269161526TRLO0
30/09/2024	15:31:35	1779	79.10	TRQX	00269162862TRLO0
30/09/2024	15:45:23	1779	79.10	TRQX	00269167502TRLO0
30/09/2024	16:12:33	1779	79.10	TRQX	00269177066TRLO0

 

END