TIDMNESF
RNS Number : 9293J
NextEnergy Solar Fund Limited
26 August 2021
LEI: 213800ZPHCBDDSQH5447
26 August 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 30 June 2021 which has been
set at 99.05 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 3 September 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 12 July 2021.
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 12 July 2021 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
Duke Le Prevost
Notes to Editors(1) :
About NextEnergy Solar Fund
NESF is a specialist solar power renewable energy investment
company listed on the premium segment of the London Stock Exchange
that invests in operating utility-scale solar power plants. The
Company may invest up to 30% of its gross asset value in non-UK
OECD countries, 15% in solar-focused private equity structures, and
10% in energy storage.
NESF currently has a diversified portfolio comprising 99
operating solar assets (primarily on agricultural, industrial, and
commercial sites), and a $50m commitment into NextPower III (a
private ESG solar infrastructure fund providing exposure to
operating and in-development international solar assets).
The NESF portfolio has a combined installed power capacity of
893MW (including NextPower III MW on an equivalent look-through
basis).
As at 30 June 2021, the Company had gross assets of GBP1,058
million and net assets of GBP580 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.
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 the USA
and assets under management of over $2.8bn across three
institutional funds.
NextEnergy Capital Group donates at least 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 made up over 110 professionals. NESF is differentiated by
its access to WiseEnergy, which provides 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 2.2GW, across seven markets.
For further information on WiseEnergy please visit
wise-energy.com
([1]) Note: All financial data is as at 30 June 2021, being the
latest date in respect of which NESF has published financial
information
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