19th Feb 2014 12:03
LONDON (Alliance News) - Bluefield Solar Income Fund Ltd Wednesday declared an interim dividend of 2 pence per share, as it entered into a deal to buy its ninth large-scale solar plant as long asd it can raise new funds through a placing.
It said it would acquire the site north of Swindon for a total investment of about GBP21 million, as long as it can raise GBP13 million through a share placing.
The placing of more than 13 million new shares at an expected price of 101 pence each would raise some of the funds for the solar plant investment, as well as funding additional investment opportunities in its pipeline.
The new solar plant has an energy capacity of 19 megawatts peak, it said.
The board also declared an interim dividend of 2 pence per share in respect of the financial year ending June 30.
The company raised GBP130 million in an initial public offering in July last year.
Shares in the investment company were trading 0.1% lower at 102.675 pence per share on Wednesday morning.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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