TIDMNESF

RNS Number : 4216W

NextEnergy Solar Fund Limited

19 August 2015

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL OR RESTRICTED BY LAW OR TO US PERSONS (WITHIN THE MEANING OF REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED).

SAVE IN RELATION TO THE UK AND THE REPUBLIC OF IRELAND, NO ACTION HAS BEEN TAKEN BY THE COMPANY, THE JOINT BOOKRUNNERS OR THE SPONSOR THAT WOULD PERMIT AN OFFERING OF THE NEW ORDINARY SHARES OR POSSESSION OR DISTRIBUTION OF THIS ANNOUNCEMENT, ANY OTHER PUBLICITY MATERIAL OR ANY OFFERING MATERIAL RELATING TO SUCH SHARES IN ANY JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED. PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT OR ANY OTHER SUCH MATERIALS COMES SHOULD INFORM THEMSELVES ABOUT, AND OBSERVE, ANY SUCH RESTRICTIONS. ANY FAILURE TO COMPLY WITH ANY SUCH RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER TO ISSUE OR SELL, OR ANY SOLICITATION OF ANY OFFER TO SUBSCRIBE OR PURCHASE, ANY SECURITIES IN THE COMPANY IN ANY JURISDICTION, INCLUDING THE UNITED STATES, NOR SHALL IT (OR ANY PART OF IT OR THE FACT OF ITS DISTRIBUTION) FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY CONTRACT THEREFOR OR INVESTMENT DECISION IS RESPECT OF ANY SUCH SECURITIES. WITHOUT PREJUDICE TO THE FOREGOING GENERALITY, THIS ANNOUNCEMENT DOES NOT CONSTITUTE A RECOMMENDATION REGARDING ANY SECURITIES.

ANY INVESTMENT DECISION MUST BE MADE EXCLUSIVELY ON THE BASIS OF THE PROSPECTUS PUBLISHED BY THE COMPANY ON 10 NOVEMBER 2014 (AND ANY SUPPLEMENT THERETO, INCLUDING THE SUPPLEMENTARY PROSPECTUS REFERRED TO IN THIS ANNOUNCEMENT) IN CONNECTION WITH ITS PLACING PROGRAMME. UNLESS THE CONTEXT REQUIRES OTHERWISE, WORDS AND EXPRESSIONS DEFINED IN THE PROSPECTUS HAVE THE SAME MEANINGS WHEN USED IN THIS ANNOUNCEMENT.

19 August 2015

NextEnergy Solar Fund Limited (the "Company")

Publication of Supplementary Prospectus

The Company announces the publication today of a supplementary prospectus (the "Supplementary Prospectus") which is supplemental to and must be read in conjunction with the prospectus published by the Company on 10 November 2014 in connection with the placing programme in respect of the issue of up to 250,000,000 New Ordinary Shares and/or C Shares during the period commencing on 10 November 2014 and ending on 9 November 2015.

The supplementary prospectus is required following:

   --        announcement of the Company's audited results for the year ended 31 March 2015; and

-- the Directors' decision to reserve the right to reduce the maximum number of New Ordinary Shares which may be issued pursuant to the Offer following the date of the Supplementary Prospectus (currently 39,922,792 New Ordinary Shares) and to increase the maximum number of New Ordinary Shares which may still be issued pursuant to the Placings (currently 55,327,208 New Ordinary Shares) by a corresponding amount (any such change shall be notified by the Company through a Regulatory Information Service);

each of which constitutes a significant new factor relating to information included in the prospectus published by the Company on 10 November 2014.

A copy of the Supplementary Prospectus has been submitted to the National Storage Mechanism and will be available shortly for inspection at www.morningstar.co.uk/uk/nsm. The Supplementary Prospectus will also be added to the Company's website, which is located at www.nextenergysolarfund.com.

For Further Information:

 
NextEnergy Capital Limited                                               020 3239 9054 
Michael Bonte-Friedheim 
Aldo Beolchini 
Cantor Fitzgerald Europe (Financial Adviser and Joint Lead Bookrunner)   020 7894 7667 
Sue Inglis (Corporate Finance) 
Andrew Worne / Andrew Davey / Tom Dixon (Sales) 
Shore Capital (Sponsor and Joint Bookrunner)                             020 7408 4090 
Bidhi Bhoma 
Anita Ghanekar 
Patrick Castle 
Macquarie Capital (Europe) Limited (Joint Lead Bookrunner)               020 3037 2000 
Ken Fleming 
Nick Stamp 
MHP Communications                                                       020 3128 8100 
Andrew Leach 
Jamie Ricketts 
Gina Bell

Additional Important Notices

Cantor Fitzgerald, which is authorised and regulated in the United Kingdom by the FCA, is acting exclusively for the Company in connection with issue of New Shares pursuant to the Placing Programme and Admission and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Cantor Fitzgerald or for advising any such person in connection with the Placing Programme or related matters. This does not limit or exclude any responsibilities which Cantor Fitzgerald Europe may have under FSMA or the regulatory regime established thereunder.

Macquarie Capital (Europe) Limited, which is authorised and regulated in the United Kingdom by the FCA, is acting exclusively for the Company in connection with issue of New Shares pursuant to the Placing Programme and Admission and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Macquarie Capital (Europe) Limited or for advising any such person in connection with the Placing Programme or related matters. This does not limit or exclude any responsibilities which Macquarie Capital (Europe) Limited may have under FSMA or the regulatory regime established thereunder.

Shore Capital and Corporate Limited, which is authorised and regulated in the United Kingdom by the FCA, is acting exclusively for the Company in connection with issue of New Shares pursuant to the Placing Programme and Admission and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Shore Capital and Corporate Limited or for advising any such person in connection with the Placing Programme or related matters. This does not limit or exclude any responsibilities which Shore Capital and Corporate Limited may have under FSMA or the regulatory regime established thereunder.

Shore Capital Stockbrokers Limited (the "Sponsor"), which is authorised and regulated in the United Kingdom by the FCA, is acting exclusively for the Company in connection with issue of New Shares pursuant to the Placing Programme and Admission and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Shore Capital Stockbrokers Limited or for advising any such person in connection with the Placing Programme or related matters. This does not limit or exclude any responsibilities which Shore Capital Stockbrokers Limited may have under FSMA or the regulatory regime established thereunder.

Notes to Editors:

NextEnergy Solar Fund

NextEnergy Solar Fund (www.nextenergysolarfund.com) is a specialist investment company focused on operational solar photovoltaic ("PV") assets located in the UK. The Company intends to provide investors with a sustainable and attractive dividend that increases in line with RPI over the long term and an element of capital growth through the re-investment of net cash generated in excess of the target dividend.

Further information on NextEnergy Capital and WiseEnergy is available at www.nextenergycapital.com and www.wise-energy.eu.

This information is provided by RNS

The company news service from the London Stock Exchange

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