NESF.L

NextEnergy Solar Fund Ltd.
NextEnergy Solar Fnd - Transaction in Own Shares
22nd November 2024, 07:00
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RNS Number : 2266N
NextEnergy Solar Fund Limited
22 November 2024
 

LEI: 213800ZPHCBDDSQH5447

22 November 2024

NextEnergy Solar Fund Limited

("NESF" or the "Company")

 

Transaction in own shares

 

NextEnergy Solar Fund, a leading specialist investor in solar energy and energy storage, announces that it has purchased the following number of Ordinary Shares on the London Stock Exchange through Cavendish Capital Markets Limited.

 

Date of purchase:

21 November 2024

Number of ordinary shares purchased:

100,000

Lowest price per ordinary share (GBp):

71.2

Highest price per ordinary share (GBp):

72.3452

Weighted average price per ordinary share (GBp):

71.64

 

The Company intends to hold the purchased shares in Treasury.

 

Following the above transaction, the Company holds 8,660,932 of its Ordinary Shares in treasury and has 582,160,253 Ordinary Shares in issue (excluding treasury shares).

 

The total number of voting rights in the Company 582,160,253 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their major interest or a change to their major interest in the Company under the FCA's Disclosure Guidance and Transparency Rules. 

 

For further information:

 

NextEnergy Capital

Michael Bonte-Friedheim

 

 

020 3746 0700

ir@nextenergysolarfund.com

Ross Grier


Stephen Rosser


Peter Hamid (Investor Relations)

 


 

RBC Europe Limited

020 7653 4000

Matthew Coakes


Elizabeth Evans

Kathryn Deegan

 

 


Cavendish

020 7397 1909

James King


 

H/Advisors Maitland

020 7379 5151

Neil Bennett


Finlay Donaldson




 

Ocorian Administration (Guernsey) Limited

01481 742642

Kevin Smith


 

 

Notes to Editors1:

About NextEnergy Solar Fund

NextEnergy Solar Fund is a specialist solar energy and energy storage investment company that is listed on the London Stock Exchange.

 

NextEnergy Solar Fund'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 utility-scale solar energy and energy storage infrastructure assets.  The majority of NESF's long-term cash flows are inflation-linked via UK government subsidies.

 

As at 30 September 2024, the Company had an unaudited gross asset value of £1,104m.  For further information please visit www.nextenergysolarfund.com

Article 9 Fund

NextEnergy Solar Fund is classified under Article 9 of the EU Sustainable Finance Disclosure Regulation and EU Taxonomy Regulation.  NextEnergy Solar Fund's sustainability-related disclosures in the financial services sector are in accordance with Regulation (EU) 2019/2088 and can be accessed on the ESG section of both the NextEnergy Solar Fund and NextEnergy Capital websites.

 

About NextEnergy Group

NextEnergy Solar Fund is managed by NextEnergy Capital, part of the NextEnergy Group.  NextEnergy Group was founded in 2007 to become a leading market participant in the international solar sector.  Since its inception, it has been active in the development, construction, and ownership of solar assets across multiple jurisdictions.  NextEnergy Group operates via its three business units: NextEnergy Capital (Investment Management), WiseEnergy (Operating Asset Management), and Starlight (Asset Development).

 

·      NextEnergy Capital: has over 17 years of specialist solar expertise having invested in over 460 individual solar plants across the world.  NextEnergy Capital currently manages four institutional funds with a total capacity in excess of 3GW+ and has assets under management of $4.3bn.  More information is available at www.nextenergycapital.com   

·      WiseEnergy®:  is a leading specialist operating asset manager in the solar sector.  Since its founding, WiseEnergy has provided solar asset management, monitoring and technical due diligence services to over 1,500 utility-scale solar power plants with an installed capacity in excess of 2.5GW.  More information is available at www.wise-energy.com

·      Starlight: has developed over 100 utility-scale projects internationally and continues to progress a large pipeline of c.10GW of both green and brownfield project developments across global geographies.  More information is available at www.starlight-energy.com

 

Notes:

1: All financial data is unaudited at 30 September 2024, being the latest date in respect of which NextEnergy Solar Fund has published financial information

 

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