TIDMNESF
RNS Number : 0897A
NextEnergy Solar Fund Limited
27 May 2021
LEI: 213800ZPHCBDDSQH5447
27 May 2021
NextEnergy Solar Fund Limited
("NESF" or the "Company")
Scrip Reference Price
NextEnergy Solar Fund, the solar power renewable energy
investment company providing shareholders with an attractive
risk-adjusted return from a diversified portfolio of primarily
UK-based assets, is pleased to announce the reference price of a
new Ordinary Share under the scrip dividend alternative for the
interim dividend for the quarter ended 31 March 2021 which has been
set at 100.88 pence. This is the average of the middle market
prices of the Company's shares derived from the London Stock
Exchange Daily Official List for the ex-dividend date and the four
subsequent dealing days. The final date for receiving elections on
the scrip is 4 June 2021.
The process for electing to receive Scrip Shares or making
changes to an existing Scrip Dividend Mandate is detailed in the
Scrip Circular dated 19 August 2020.
If you wish to receive this interim dividend in cash on the
whole of your holding, and do not have a Scrip Dividend Mandate in
place, you do not need to take any further action.
If you already have a Scrip Dividend Mandate in place and you
wish to continue to receive Scrip Shares, you do not need to take
any further action.
The Scrip Circular dated 19 August 2020 can be viewed and/or
downloaded from the Investor Relations part of the NESF website
(nextenergysolarfund.com). Copies of these documents can also be
obtained from the Company Secretary.
For further information:
NextEnergy Capital Group 020 3746 0700
Michael Bonte-Friedheim ir@nextenergysolarfund.com
Aldo Beolchini
Ross Grier
Peter Hamid (Investor Relations)
Cenkos Securities 020 7397 8900
James King
William Talkington
Shore Capital 020 7408 4090
Anita Ghanekar
Sarah Mather
Camarco 020 3781 8334
Owen Roberts
Eddie Livingstone-Learmonth
Apex Fund and Corporate Services (Guernsey)
Limited 01481 735 827
Nick Robilliard
Notes to Editors(1) :
About NextEnergy Solar Fund
NextEnergy Solar Fund is a renewable energy infrastructure
investment company that currently owns operating solar power plants
in the UK and Italy. The Company may invest internationally up to
30% of its gross asset value in non-UK OECD countries, 15% in
private equity structures, and 10% in standalone energy
storage.
NESF currently has a diversified portfolio comprising 94
operating solar assets, primarily on agricultural, industrial, and
commercial sites, with a combined installed power capacity of
c.814MW.
As at 31 March 2021, the Company had gross assets of GBP1,025
million, of which 88% was invested in the UK, and net assets of
GBP581 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 achieved its dividend
target for the year ended 31 March 2021 of 7.05p per ordinary
share.
For further information on NESF please visit
nextenergysolarfund.com
Commitment to ESG
NESF is committed to ESG principles and responsible investment
which make a meaningful contribution to reducing CO2 emissions
through the generation of clean solar power. NESF will only select
investments that meet the requirements of NEC Group's Sustainable
Investment Policy. Based on this policy, NESF benefits from NEC's
rigorous ESG due diligence on each investment. NESF is committed to
reporting on its ESG performance in accordance with the UN
Sustainable Development Goals framework and the EU Sustainable
Finance Disclosure Regulation.
NESF has been awarded the London Stock Exchange's Green Economy
Mark and has been designated a Guernsey Green Fund by the Guernsey
Financial Services Commission.
NESF's sustainability-related disclosures in the financial
services sector in accordance with Regulation (EU) 2019/2088 can be
accessed on the ESG section of both the NESF website (
nextenergysolarfund.com/esg/ ) & NEC Group website (
nextenergycapital.com/sustainability/transparency-and-reporting/
).
About NextEnergy Capital Group ("NEC Group")
NESF is managed by the NextEnergy Capital Group, a specialist
solar investment manager, which has a strong track record in
sourcing, acquiring, and managing operating solar assets. NEC Group
is a leading player in the global solar investment sector and has
over 190 team members with offices in UK, Italy, India, and USA and
assets under management of over $2.5bn across three institutional
funds.
NEC Group donates 5% of its net annual profits to NextEnergy
Foundation. NextEnergy Foundation is an international charity that
was founded in 2016. Its mission is to participate proactively in
the global effort to reduce carbon emissions, provide clean power
sources in regions where they are not yet available, and contribute
to poverty alleviation.
For further information on NEC Group please visit
nextenergycapital.com
For further information on NextEnergy Foundation visit
nextenergyfoundation.org
About WiseEnergy
WiseEnergy is NEC Group's specialist operating asset management
division. NESF is differentiated by its access to WiseEnergy, which
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.
For further information on Wise Energy please visit
wise-energy.com
([1]) Note: All financial data is unaudited as at 31 March 2021,
being the latest date in respect of which NESF has published
financial information
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