NextEnergy Solar Fund Limited Scrip Dividend Shares - Additional Listing (6120I)
15 December 2020 - 3:39AM
UK Regulatory
TIDMNESF
RNS Number : 6120I
NextEnergy Solar Fund Limited
14 December 2020
LEI: 213800ZPHCBDDSQH5447
14 December 2020
NextEnergy Solar Fund Limited
("NESF" or the "Company")
SCRIP DIVIDEND SHARES - ADDITIONAL LISTING
Following shareholder approval of the renewal of the scrip
dividend authority at the Company's Annual General Meeting held
earlier today, NESF wishes to confirm the following in respect of
the scrip dividend:
Dividend period: 1 July 2020 to 30 September
2020
Dividend amount per share: 1.7625 pence
Scrip dividend price per share: 105.96 pence
Payment date/Allotment of scrip: 31 December 2020
Number of new shares to be issued: 1,046,866
Application has been made to the London Stock Exchange for
1,046,866 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 first
quarter of the Company's 2020/21 financial year. Dealings are
expected to commence at 8:00 a.m. on 31 December 2020.
Immediately following Admission, the Company's issued share
capital will comprise 586,791,395 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 586,791,395. 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.
For further information:
NextEnergy Capital Limited 020 3746 0700
Michael Bonte-Friedheim
Aldo Beolchini
Cenkos Securities Plc 020 7397 8900
Justin Zawoda-Martin
Robert Naylor
William Talkington
Shore Capital 020 7408 4090
Anita Ghanekar
Darren Vickers
Camarco 020 3757 4980
Owen Roberts
Eddie Livingstone-Learmonth
Apex Fund and Corporate Services
(Guernsey) Limited 01481 735 827
Nick Robilliard
Notes to Editors(1) :
A constituent of the FTSE 250 Index, NextEnergy Solar Fund
("NESF") is a renewable energy infrastructure investment company
that invests primarily in operating solar power plants in the UK
(it may invest up to 30% of its gross assets in other OECD
countries). The Company is committed to ESG principles and
responsible investment and makes a meaningful contribution to
reducing CO(2) emissions through the generation of clean solar
power. NESF has been designated a Guernsey Green Fund by the
Guernsey Financial Services Commission and has been awarded the
London Stock Exchange's Green Economy Mark.
As at 30 October 2020, NESF has a diversified portfolio
comprising 91 operating solar assets, primarily on agricultural,
industrial and commercial sites, with a combined installed power
capacity of c.763MW.
As at 30 September 2020, the Company has gross assets of GBP994
million, of which 88% is invested in the UK, and net assets of
GBP583.5 million. The majority of long-term cash flows from its
investments are inflation-linked.
NESF'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
primarily UK-based solar energy infrastructure assets. The dividend
is payable quarterly, and the Company has announced a dividend
target for the year ending 31 March 2021 of 7.05p per ordinary
share.
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, which since its founding has provided operating asset
management, monitoring, technical due diligence and other services
to over 1,500 utility-scale solar power plants with an installed
capacity in excess of 2.3GW.
Further information on NESF, NEC Group and WiseEnergy is
available at nextenergysolarfund.com , nextenergycapital.com and
wise-energy.eu .
[1] Note: All financial data is as at 30 September 2020, being
the latest date in respect of which NESF has published financial
information.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DIVKKQBNABDDFBD
(END) Dow Jones Newswires
December 14, 2020 11:39 ET (16:39 GMT)
Nextenergy Solar (LSE:NESF)
Historical Stock Chart
From Apr 2024 to May 2024
Nextenergy Solar (LSE:NESF)
Historical Stock Chart
From May 2023 to May 2024