US Solar Fund PLC APPOINTMENT OF JOINT CORPORATE BROKERS (2239E)
July 02 2019 - 5:44AM
UK Regulatory
TIDMUSF TIDMUSFP
RNS Number : 2239E
US Solar Fund PLC
02 July 2019
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, TO US PERSONS OR INTO OR WITHIN
THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER
JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO WOULD
BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE
OR FORM PART OF ANY OFFER TO SELL OR ISSUE, OR ANY SOLICITATION OF
ANY OFFER TO PURCHASE, SUBSCRIBE FOR OR OTHERWISE ACQUIRE, ANY
INVESTMENTS IN ANY JURISDICTION.
2 July 2019
US SOLAR FUND PLC (the "Company")
APPOINTMENT OF JOINT CORPORATE BROKERS
US Solar Fund plc (LSE: USF (USD)/USFP (GBP)) is pleased to
announce the appointment of Cenkos Securities plc and Macquarie
Capital (Europe) Limited as joint corporate brokers to the Company
with immediate effect.
Gillian Nott, Chairman of USF, said:
"The Board believes that appointing Macquarie and Cenkos as the
Company's joint brokers is the right combination as USF works
toward investing the proceeds of the IPO and creating value for
shareholders. We are pleased to be appointing two brokers with such
a complementary skill set."
For further information, please contact:
US Solar Fund
Whitney Voûte +1 718 230 4329
Cenkos Securities plc
Alex Collins
Sapna Shah
Tom Scrivens +44 20 7397 8900
Macquarie Capital (Europe) Limited
Stephen Taylor
Nick Stamp +44 20 3037 2000
KL Communications +44 20 3603 2803
Charles Gorman
Josie Workman
About US Solar Fund plc
US Solar Fund plc listed on the London Stock Exchange in April
2019, following its successful US$200m IPO. The Company's
investment objective is to provide investors with attractive and
sustainable dividends, with an element of capital growth, by
investing in a diversified portfolio of solar power assets in North
America and other OECD countries in the Americas.
USF is aiming to deliver:
-- an annual dividend yield target of 5.5% once all Solar Power Assets
are operational with an average growth rate of 1.5 -2.0% per annum
(on a fully invested and geared basis)
-- initial target annual dividend yield of 2 to 3% until all Solar
Power Assets are fully operational
-- target net total return over the life of the Solar Power Assets
of at least 7.5% per annum
Initial proceeds are expected to be invested or committed within
six to nine months of Admission, with most plants expected to be
operational within the following 12 months.
About the Investment Manager
USF is managed by New Energy Solar Manager (NESM). NESM also
manages New Energy Solar, an Australian Securities Exchange
(ASX)-listed fund which has committed over US$800m to US and
Australian solar plants since late 2015.
NESM is owned by Walsh & Company, the funds management
division of Evans Dixon, an ASX listed company (ASX: ED1) with over
A$18 billion of funds under advice and management.
Further information on the Company can be found on its website
at www.ussolarfund.co.uk.
The Company's LEI is: 2138007BIUWE7AHS5Y90.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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