NextEnergy Solar Fund Limited Dividend Declaration (3916X)
10 August 2018 - 1:33AM
UK Regulatory
TIDMNESF
RNS Number : 3916X
NextEnergy Solar Fund Limited
09 August 2018
9 August 2018
NextEnergy Solar Fund Limited
("NESF" or the "Company")
Interim Dividend
NextEnergy Solar Fund Limited is pleased to announce an interim
dividend of 1.6625 pence per Ordinary Share for the quarter ending
30 June 2018. The interim dividend of 1.6625 pence will be paid on
28 September 2018 to shareholders on the register as at the close
of business on 24 August 2018. The ex-dividend date is 23 August
2018.
The Company will also be offering shareholders a scrip dividend
alternative to this interim dividend. A circular will be sent to
shareholders on 10 August 2018 in relation to the quarterly interim
dividend cycle, scrip dividend alternative and scrip dividend
election for the first quarterly interim divided for the financial
year ending 31 March 2019 (the "Circular").
A copy of the Circular will shortly be submitted to the National
Storage Mechanism and will be available for inspection at
www.morningstar.co.uk/uk/NSM*. The Circular will also be available
to view and/or download from the Investor Relations part of the
NextEnergy Solar Fund Limited website
(www.nextenergysolarfund.com).
The Scrip Share reference price will be announced on 31 August
2018, with elections to be made by 10 September 2018.
* Neither the NSM website nor the Company's website nor the
content of any website accessible from hyperlinks on those websites
(or any other website) is (or is deemed to be) incorporated into,
or forms (or is deemed to form) part of this announcement.
For further information:
NextEnergy Capital Limited 020 3746 0700
Michael Bonte-Friedheim
Aldo Beolchini
Cantor Fitzgerald Europe 020 7894 7667
Robert Peel
Fidante Partners 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 020 3128 8100
Oliver Hughes
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 GBP592m since its initial
public offering on the main market of the London Stock Exchange in
April 2014. It also has credit facilities outstanding of c.GBP365m
in place (GBP149m from a syndicate including MIDIS, NAB and CBA;
MIDIS: GBP54m; ING GBP32m; UniCredit GBP32m; Santander GBP40m; and
Bayerische Landesbank GBP58m).
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 provided
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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DIVPLMATMBJMBBP
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