17:32 Wed 18 Dec 2019
Bluefield Solar Inco - Issue of Ordinary Shares
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('Bluefield Solar' or the 'Company')
Issue of Ordinary Shares in respect of the Investment Adviser's variable fee pursuant to the Investment Advisory Agreement
Bluefield Solar (LON:BSIF), a sterling income fund that invests in
Under the terms of the Investment Advisory Agreement if, in any year (excluding the Company's first financial year), the Company exceeds its distribution target of
The Ordinary Shares issued to the Investment Adviser (or to such persons as the Investment Adviser nominates) in satisfaction of the variable fee are subject to a three year lock-up period, with one-third of the relevant Ordinary Shares becoming free from the lock-up on each anniversary of their issue (subject to certain usual exceptions).
Application has been made for the new Ordinary Shares to be admitted to the premium segment of the Official List of the
The new Ordinary Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares of the Company. This includes the right to receive all dividends and other distributions declared or paid in respect of such Ordinary Shares after Admission.
Capitalised terms used but not defined in this announcement have the same meanings as set out in the Prospectus issued by the Company on
Total Voting Rights
Following Admission, the number of Ordinary Shares that the Company has in issue will be 370,499,622. The total number of voting rights of the Company will be 370,499,622 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.
For further information:
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Tel: +44 (0) 20 7078 0020 |
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Tel: +44 (0) 20 7260 1000 |
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Tel: +44 (0) 1481 716 000 |
Media enquiries: |
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Notes to Editors
About Bluefield Solar
Bluefield Solar is a sterling income fund focused on acquiring and managing UK-based solar projects to generate renewable energy for periods of typically 25 years or longer. The Company's primary objective is to deliver its Shareholders stable, long term sterling income via quarterly dividends, which are linked to RPI. The majority of the Group's revenue streams are regulated and non-correlated to traditional markets. Bluefield Solar owns and operates one of the UK's largest, diversified portfolios of solar assets with a combined installed power capacity in excess of 465MWp. Further information can be viewed at www.bluefieldsif.com.
About
Bluefield was established in 2009 and is an investment adviser to companies and funds investing in solar energy infrastructure. It has a proven record in the selection, acquisition and supervision of large-scale energy and infrastructure assets in the UK and Europe. The team has been involved in over
Bluefield has led the acquisitions of, and currently advises on over 85 UK based solar PV assets that are agriculturally, commercially or industrially situated. Based in its London office, Bluefield's partners are supported by a dedicated and highly experienced team of investment, legal and portfolio executives. Bluefield was appointed Investment Adviser to the Company in
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