Transaction in Own Shares

NextEnergy Solar Fund Limited

19 September 2024

 

LEI: 213800ZPHCBDDSQH5447

19 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 Cavendish Capital Markets Limited.

Date of purchase:	18 September 2024
Number of ordinary shares purchased:	85,800
Lowest price per ordinary share (GBp):	79.90
Highest price per ordinary share (GBp):	80.10
Weighted average price per ordinary share (GBp):	80.05

The Company intends to hold the purchased shares in Treasury.

Following the above transaction, the Company holds 4,859,829 of its Ordinary Shares in treasury and has 585,961,356 Ordinary Shares in issue (excluding treasury shares).

The total number of voting rights in the Company is 585,961,356 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	62,332	80.07
BATE	10,817	80.01
CHIX	3,176	80.00
TRQX	6,067	80.04
Aquis	3,408	80.00

Individual Transactions:

Transaction Date	Transaction Time	Volume	Price	Platform	Transaction Ref
18/09/2024	09:38:27	3976	80.10	XLON	00267944625TRLO0
18/09/2024	09:38:30	2659	80.10	TRQX	00267944632TRLO0
18/09/2024	11:49:21	25	80.00	BATE	00267959429TRLO0
18/09/2024	11:49:21	568	80.00	Aquis	00267959430TRLO0
18/09/2024	11:49:21	543	80.00	BATE	00267959431TRLO0
18/09/2024	11:49:21	568	80.00	CHIX	00267959432TRLO0
18/09/2024	11:49:21	568	80.00	TRQX	00267959433TRLO0
18/09/2024	11:49:21	4363	80.00	XLON	00267959434TRLO0
18/09/2024	11:49:21	568	80.00	BATE	00267959435TRLO0
18/09/2024	11:49:21	568	80.00	Aquis	00267959436TRLO0
18/09/2024	11:49:21	568	80.00	CHIX	00267959437TRLO0
18/09/2024	11:49:21	3296	80.00	XLON	00267959438TRLO0
18/09/2024	12:03:54	2659	80.10	BATE	00267960915TRLO0
18/09/2024	12:03:54	3976	80.10	XLON	00267960916TRLO0
18/09/2024	13:01:53	3296	80.10	XLON	00267967612TRLO0
18/09/2024	13:01:54	3976	80.10	XLON	00267967613TRLO0
18/09/2024	13:01:54	568	80.10	BATE	00267967614TRLO0
18/09/2024	13:01:57	2659	80.10	XLON	00267967620TRLO0
18/09/2024	13:01:58	3976	80.10	XLON	00267967623TRLO0
18/09/2024	13:01:59	568	80.10	BATE	00267967624TRLO0
18/09/2024	13:01:59	568	80.10	XLON	00267967625TRLO0
18/09/2024	13:01:59	2840	80.10	XLON	00267967626TRLO0
18/09/2024	13:02:01	2659	80.10	XLON	00267967631TRLO0
18/09/2024	13:02:02	3976	80.10	XLON	00267967637TRLO0
18/09/2024	13:02:02	2160	80.10	XLON	00267967642TRLO0
18/09/2024	13:02:03	2840	80.10	XLON	00267967646TRLO0
18/09/2024	13:02:05	2659	80.10	XLON	00267967660TRLO0
18/09/2024	13:02:06	2160	80.10	XLON	00267967662TRLO0
18/09/2024	13:02:06	2160	80.10	XLON	00267967663TRLO0
18/09/2024	13:02:06	1186	80.10	XLON	00267967664TRLO0
18/09/2024	13:02:06	1654	80.10	XLON	00267967665TRLO0
18/09/2024	14:53:36	1136	80.00	TRQX	00267988262TRLO0
18/09/2024	14:53:36	1523	80.00	BATE	00267988263TRLO0
18/09/2024	14:53:36	3976	80.00	XLON	00267988264TRLO0
18/09/2024	15:38:45	1332	79.90	BATE	00268005644TRLO0
18/09/2024	15:38:45	1327	79.90	BATE	00268005645TRLO0
18/09/2024	15:38:45	3976	79.90	XLON	00268005646TRLO0
18/09/2024	16:27:28	95	80.00	Aquis	00268026006TRLO0
18/09/2024	16:27:28	1597	80.00	TRQX	00268026007TRLO0
18/09/2024	16:27:28	2040	80.00	CHIX	00268026008TRLO0
18/09/2024	16:27:28	1704	80.00	BATE	00268026009TRLO0
18/09/2024	16:27:28	107	80.00	TRQX	00268026010TRLO0
18/09/2024	16:27:28	2177	80.00	Aquis	00268026011TRLO0

 

END