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Foresight Solar Fund Limited   -  FSFL   

Dividend Declaration and Scrip Alternative Offer

Released 15:32 11-Jul-2019

RNS Number : 2872F
Foresight Solar Fund Limited
11 July 2019
 

11 July 2019

Foresight Solar Fund Limited

("Foresight Solar" or "the Company")

Declaration of Dividend

Foresight Solar Fund Limited, a fund investing in a diversified portfolio of ground-based solar PV assets in the UK and internationally, is pleased to announce a first quarterly interim dividend in respect of the period 1 January 2019 to 31 March 2019 of 1.69 pence per ordinary share (the "Dividend"). The shares will go ex-dividend on 25 July 2019 and the Dividend will be paid on 30 August 2019 to shareholders on the register as at the close of business on 26 July 2019.

Following shareholder approval at the 2019 AGM, the Company is now offering shareholders a scrip dividend alternative to the Dividend. Further, the Company has implemented a Scrip Dividend Scheme which will apply to any subsequent interim or final dividends in respect of which a scrip dividend alternative is offered. Full details of the scrip dividend offered in respect of the Dividend and the Scrip Dividend Scheme can be found in the Scrip Dividend Alternative Offer (the "Scrip Offer") available on the Company's website to view and/or download at fsfl.foresightgroup.eu/investor-relations/. The Scrip Offer is also available on the National Storage Mechanism website at www.morningstar.co.uk/uk/NSM. Copies of the Scrip Offer 2019 will also be available for inspection at 28 Esplanade, St. Helier, Jersey JE2 3QA.

The reference price of the scrip shares in respect of the Dividend will be calculated and published on or around 1 August 2019.

Shareholders will receive the Dividend in cash, unless they have previously completed a standing election (a "Form of Election") to receive scrip shares. Shareholders who would like to receive scrip shares rather than cash, and who have not previously submitted a Form of Election, should complete the Form of Election at the back of the Scrip Offer and return it to the Company's Receiving Agent, Computershare Investors Service (Jersey) Limited by no later than 5.00pm on 16 July 2019.

The expected timetable in relation to the Dividend will be as follows:

Ex-Dividend Date

25 July 2019

Record Date

26 July 2019

Scrip Price Announcement

1 August 2019

Last Date for Submission of Forms of Election

16 August 2019 at 17h00

Last Date Crest Elections

16 August 2019 at 17h00

Anticipated Listing of New Shares

30 August 2019

Dividend Payment Date

30 August 2019

For further information, please contact:

LEI: 213800VO4O83JVSSOX33

 

For further information, please contact:

Foresight Group


Joanna Andrews

+44 (0)20 3763 6951

InstitutionalIR@ForesightGroup.eu




Stifel Nicolaus Europe Limited

+44 (0)20 7710 7600

Mark Bloomfield


Neil Winward


Gaudi Le Roux




Citigate Dewe Rogerson

+44 (0)20 7638 9571

Nick Hayns


Elizabeth Kittle


Lucy Eyles




JTC (Jersey) Limited
Christopher Gibbons
Foresightsolar@jtcgroup.com

+44 (0)203 846 9774

 


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Dividend Declaration and Scrip Alternative Offer - RNS