London, February 23rd, 2015 – In accordance with the terms and conditions of the placing programme established under the NESF’s prospectus dated 10 November 2014, the Fund issued 59,750,000 New Ordinary Shares at a price of 102.77 pence per Share, resulting in gross proceeds of £61.4 million.
On Admission, NESF’s issued share capital will comprise 240,350,000 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 NESF on Admission will be 240,350,000. This figure may be used by Shareholders and other investors as the denominator for the calculations by which they will 2 determine if they are required to notify their interest in, or a change to their interest in, the NESF under the FCA’s Disclosure and Transparency Rules.
Commenting on the fundraising, Kevin Lyon, Chairman, said: “We are extremely pleased with the results of this Placing and Offer. Shareholders, existing and new, continue to strongly support the Company and its growth ambitions. As a result, since the Company’s IPO 10 months ago, its market capitalisation has nearly tripled through further share issues, including this Issue.”
For further information please visit www.nextenergysolarfund.com