Transaction in Own Shares

RNS Number : 0000F

NextEnergy Solar Fund Limited

09 November 2015

 

9 November 2015

NextEnergy Solar Fund Limited (the "Company" or "NESF")

Transaction in Own Shares

The Board announces that, following the announcement on 6 November 2015 and the admission of 30,850,000 New Ordinary Shares to the premium listing segment of the Official List and to trading on the London Stock Exchange's main market for listed securities to trading on the London Stock Exchange earlier today morning, the Company has purchased 30,850,000 Ordinary Shares at a price of 104.0p per share.  The shares purchased will be placed in treasury.

Following the purchase referred to above, the Company's issued share capital will comprise 308,807,105 Ordinary Shares, 30,850,000 of which will be held in treasury.  Each Ordinary Share carries the right to one vote and, therefore, the total number of voting rights in the Company will be 277,957,105.  This figure may be used by Shareholders and other investors as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Unless the context requires otherwise, words and expressions defined in the prospectus published by the Company on 10 November 2014 (and any supplement thereto, including the supplementary prospectus published by the Company on 18 August 2015) in connection with its placing programme have the same meanings when used in this announcement.

For Further Information:

NextEnergy Capital Limited	020 3239 9054
Michael Bonte-Friedheim
Aldo Beolchini
Cantor Fitzgerald Europe (Financial Adviser and Joint Lead Bookrunner)	020 7894 7667
Sue Inglis (Corporate Finance)
Andrew Worne / Andrew Davey / Tom Dixon (Sales)
Shore Capital (Sponsor and Joint Bookrunner)	020 7408 4090
Bidhi Bhoma
Anita Ghanekar
Patrick Castle
Macquarie Capital (Europe) Limited (Joint Lead Bookrunner)	020 3037 2000
Ken Fleming
Nick Stamp
MHP Communications	020 3128 8100
Andrew Leach
Jamie Ricketts
Gina Bell

Notes to Editors

NextEnergy Solar Fund

NESF is a specialist investment company that invests in operating solar power plants in the UK.  Its objective is to secure attractive shareholder returns through RPI-linked dividends and long-term capital growth.  The Company achieves this by acquiring solar power plants on agricultural, industrial and commercial sites.

NESF has raised equity proceeds of £285.4m since its initial public offering on the main market of the London Stock Exchange in April 2014.  Its credit facilities comprise a revolving facility of £100m from Macquarie and a £22.7 million facility from NIBC. 

NESF is differentiated by its access to NextEnergy Capital Group (NEC Group), its Investment Manager, which has a strong track record in sourcing, acquiring and managing operating solar assets.  WiseEnergy is NEC Group's specialist operating asset management division, providing solar asset management, monitoring and other services to over 1,200 utility-scale solar power plants with an installed capacity in excess of 1.5 GW.

Further information on NESF, NEC Group and WiseEnergy is available at www.nextenergysolarfund.com, www.nextenergycapital.com and www.wise-energy.eu.

 

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