NextEnergy Solar Fund Limited Director Appointment (4965T)
21 March 2019 - 6:02PM
UK Regulatory
TIDMNESF
RNS Number : 4965T
NextEnergy Solar Fund Limited
21 March 2019
NextEnergy Solar Fund Limited ("NESF" or the "Company")
DIRECTOR APPOINTMENT
The Board of NESF is pleased to announce the appointment of
Susan (Sue) Inglis to the Board as a non-executive Director with
effect from 1 April 2019.
The Company understands the importance of expanding the Board,
recognising the significant growth of the Company since launch, to
help support future growth and to further enhance and complement
the Board in terms of skills, experience, and knowledge.
Sue has over 30 years' experience advising investment companies
and financial institutions. Before embarking on a non-executive
career, her executive roles included Managing Director - Corporate
Finance in the Investment Companies teams at Cantor Fitzgerald
Europe (2012- 2018) and Canaccord Genuity (2009-2012). Sue is a
qualified lawyer and was a partner and head of the funds and
financial services group at Shepherd & Wedderburn, a leading
Scottish law firm. In 1999 she was a founding partner of Intelli
Corporate Finance Limited, an advisory boutique firm focusing on
the asset management and investment company sectors, which was
acquired by Canaccord Genuity in 2009. Sue is currently Chairman of
The Bankers Investment Trust plc and a non-executive director of
Baillie Gifford US Growth Trust plc, BMO Managed Portfolio Trust
plc, Seneca Global Income & Growth Trust plc and The European
Investment Trust plc.
Kevin Lyon, Chairman of NESF, commented:
"I am delighted to welcome Sue to the Board of NextEnergy Solar
Fund Limited. Sue brings a wealth of experience to the Board from
her previous roles which we believe will help support the Company
in its objectives. The Board is looking forward to working with Sue
as we look to continue the Company's success."
There are no other disclosures to be made pursuant to Listing
Rule 9.6.13.
For further information:
NextEnergy Capital Limited 020 3893 1500
Michael Bonte-Friedheim
Aldo Beolchini
Cantor Fitzgerald Europe 020 7894 7667
Robert Peel
Fidante Capital 020 7832 0900
John Armstrong-Denby
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 is able 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.
As at 31 December 2018, NESF has raised equity proceeds of
GBP692m (including GBP100m of preference shares) 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.GBP296m
in place (GBP148m from a syndicate including MIDIS, NAB and CBA;
MIDIS: GBP52m; Santander GBP40m; and Bayerische Landesbank
GBP56m).
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
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