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Cancellation of Scrip Offer

1st Aug 2022 15:08

RNS Number : 4977U
Foresight Solar Fund Limited
01 August 2022
 

1 August 2022

Foresight Solar Fund Limited

(the "Company")

Cancellation of Scrip Offer

 

On 16 June 2022, the Company announced a Scrip Offer in relation to the Q1 2022 interim dividend. Under the pricing mechanism set out in the Scrip Offer terms and conditions, the Scrip Price would have been below the Company's Net Asset Value ("NAV") per ordinary published earlier today. In the circumstances, the Board has exercised its discretion to cancel the Scrip Offer in respect of the Q1 2022 interim dividend and future quarters.

The Board will keep under consideration the re-instatement of the Scrip Offer in respect of future quarterly dividends, subject to an assessment of the relevant prices and a determination that a re-instatement of the Scrip Offer would be for the benefit of the Company's shareholders as a whole.

END

For further information, please contact:

Foresight GroupNish Sivarajan [email protected]

 

+44 (0)20 3911 2318

Jefferies International Limited

Neil WinwardGaudi Le Roux

 

+44 (0)20 7029 8000

Citigate Dewe Rogerson Toby MooreElizabeth Kittle Lucy Eyles

 

+44 (0)20 7638 9571

JTC (Jersey) Limited Christopher Gibbons [email protected]

+44 (0)203 846 9774

 

LEI: 213800VO4O83JVSSOX33

 

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Related Shares:

Foresight Solar Fund
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