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NextEnergy SolFnd Ld (NESF)

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Tuesday 20 March, 2018

NextEnergy SolFnd Ld

Scrip Dividend Shares - Additional Listing

RNS Number : 3431I
NextEnergy Solar Fund Limited
20 March 2018
 

 

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

 

SCRIP DIVIDEND SHARES - ADDITIONAL LISTING

 

The NESF Board wishes to confirm the following in respect of the scrip dividend: 

 

Dividend period:

 

1 October 2017 to 31 December 2017

Dividend amount per share:

 

1.605 pence

Scrip dividend price per share:

 

112 pence

Payment date/Allotment of scrip:

 

29 March 2018

Number of new shares to be issued:

 

458,185

 

Application has been made to the London Stock Exchange for 458,185 ordinary shares to be admitted to trading. These ordinary shares are to be issued as a scrip dividend alternative to receiving a cash dividend in respect of the dividend for the third quarter of the Company's 2017/18 financial year. Dealings are expected to commence at 8:00 a.m. on 29 March 2018. 

 

Immediately following Admission, the Company's issued share capital will comprise 575,643,840 ordinary shares, none 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 on Admission will be 575,643,840.  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 Guidance and Transparency Rules.

 

NextEnergy Capital Limited

020 3893 1500

Michael Bonte-Friedheim


Aldo Beolchini




Cantor Fitzgerald Europe

020 7894 7667

Sue Inglis




Fidante Capital Europe Limited

020 7832 0900

Tom Skinner

Justin Zawoda-Martin




Shore Capital

020 7408 4090

Anita Ghanekar

 




Macquarie Capital (Europe) Limited

020 3037 2000

Nick Stamp




MHP Communications Limited

020 3128 8100

Andrew Leach

 

Ipes (Guernsey) Limited  

01481 713 843

Nick Robilliard


Notes to Editors:

NESF is a specialist investment company that invests primarily in operating solar power plants in the UK. It has the authority to invest up to 15% of its Gross Asset Value in operating solar power plants in OECD countries outside the UK. The Company's 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 £591.9m since its initial public offering on the main market of the London Stock Exchange in April 2014. It also has credit facilities of £272m in place (£150m from a syndicate including MIDIS, NAB and CBA; MIDIS: £54m; ING: £35m; and UniCredit £33m).

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 and over the course of its activities has been providing operating asset management, monitoring, technical due diligence and other services to over 1,300 utility-scale solar power plants with an installed capacity in excess of 1.9 GW.

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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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