News

Stay up to date with the latest BSIF RNS announcements.

Relevant sector news stories are also featured.

  • Photon article: UK installed 189 MW of new PV capacity in the first quarter of 2014

  • Telegraph Article: Global Solar Dominance…

  • Half Yearly Report

    Show story
    RNS Number : 1581B07
    Bluefield Solar Income Fund Limited
    28 February 2014
    For full details please click (pdf)

     

    This information is provided by RNS
    The company news service from the London Stock Exchange
  • London Stock Exchange welcomes Bluefield Solar Income Fund to the Main Market

    Show story

    London Stock Exchange welcomes Bluefield Solar Income Fund to the Main Market

     bluefield ipo

  • First day of trading

    Show story

    First day of trading
    JULY 12, 2013

    RNS Number : 1674J
    Bluefield Solar Income Fund Limited
    12 July 2013

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH AFRICA.

    This announcement is an advertisement and not a prospectus. Investors should not purchase or subscribe for any transferable securities referred to in this announcement except on the basis of information in the prospectus dated 25 June 2013 and the supplementary prospectus dated 3 July 2013 (together the “Prospectus”) published by Bluefield Solar Income Fund Limited in connection with the initial public offering and the admission of its ordinary shares (the “Ordinary Shares”) to the premium segment of the Official List of the Financial Conduct Authority (the “Official List”) and to trading on London Stock Exchange plc’s main market for listed securities (the “London Stock Exchange”). A copy of the Prospectus is available from the Company’s website. This announcement is not an offer to sell, or a solicitation of an offer to acquire, securities in the United States or in any other jurisdiction. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.

    BLUEFIELD SOLAR INCOME FUND LIMITED (BSIF.L)
    £130 million IPO, admission to trading and PDMR shareholdings

    12 July 2013: Further to its announcement on 11 July 2013 that it has raised £130 million in its initial public offering (“IPO”), Bluefield Solar Income Fund Limited (the “Fund”), a newly incorporated investment fund focusing on large scale agricultural and industrial solar assets, today announced its first day of trading on the Main Market of the London Stock Exchange.

    Reflecting strong investor demand, including a cornerstone investment from CCLA Investment Management Limited, the Fund has placed 130 million shares, conditional on Admission, at an issue price of 100 pence per Ordinary Share, raising gross proceeds of £130 million, significantly exceeding the minimum target fund raise of £75m.

    On admission the beneficial interests of Directors in the issued share capital of the Fund will be as follows:

    Director

    Number of ordinary shares under placing/offer for subscription

    Number of ordinary shares in lieu of first two years’ fees

    TOTAL

    % of issued share capital

    John Rennocks

    55,000

    100,000

    155,000

    0.12%

    Paul Le Page

    70,000

    70,000

    0.05%

    Laurence McNairn

    30,000

    60,000

    90,000

    0.07%

    John Scott

    40,000

    60,000

    100,000

    0.08%

    On admission the beneficial interests of the partners of the Investment Adviser to the Fund will be as follows:

    Partner

    Number of ordinary shares under placing/offer for subscription

    % of issued share capital

    James Armstrong

    50,000

    0.04%

    William Doughty

    750,000

    0.58%

    Jon Moulton

    500,000

    0.38%

    Mike Rand

    50,000

    0.04%

    Anthony Williams

    1,500,000

    1.15%

    On admission, the issued share capital of the Fund will be 130,290,000 shares.

    Comment

    Commenting on the announcement, James Armstrong, a Managing Partner of Bluefield Partners LLP, the Investment Adviser to the Fund, said:

    “We view this first successful IPO of a solar fund in the UK as a pivotal moment in the growth of large scale UK solar. The Fund has been backed by a broad range of investors, including some of the largest fund management groups globally and in the UK, which is a clear reflection that solar energy assets are rightly being recognised as a great way to earn long term, stable income.

    “The UK solar sector will play an increasingly important role in the UK Government’s 2020 renewable energy targets, as it continues to drive down installation costs and reduce its reliance on subsidies. We believe this is the start of a significant growth phase for the sector.”

    John Rennocks, Non-Executive Chairman, of the Fund said:

    “The success of the listing gives the Bluefield Fund a strong platform from which to become a leading player in the rapidly growing large scale UK solar sector. Solar energy has the potential to be a major investment theme over the coming years, due to ease of deployment, stability of energy production and on-going cost reductions. The Board are very excited about the Fund’s potential.”

    For further details contact:

    Numis Securities (Investors) 020 7260 1000

    Tod Davis (Sales)
    David Benda (Corporate Broking)
    Jamie Lillywhite (Corporate Finance)

    Capital MSL (Media) 020 7307 5330

    Nick Bastin
    Michael Kinirons
    Giles Abbott

    Important Information

    This announcement has been prepared by, and is the sole responsibility of, Bluefield Solar Income Fund Limited.

    Numis Securities Limited is acting only for Bluefield Solar Income Fund Limited in connection with the matters described in this announcement and is not acting for or advising any other person, or treating any other person as its client, in relation thereto and will not be responsible for providing the regulatory protection afforded to clients of Numis Securities Limited or advice to any other person in relation to the matters contained herein.

    The Fund is not and will not be registered under the US Investment Company Act of 1940, as amended. The Ordinary Shares have not been, nor will they be, registered under the US Securities Act of 1933, as amended (the “Securities Act”) or with any securities regulatory authority of any state or other jurisdiction of the United States or under the applicable securities laws of Australia, Canada, Japan, the Republic of Ireland or South Africa. Subject to certain exceptions, the Ordinary Shares may not be offered or sold in the United States, Australia, Canada, Japan, the Republic of Ireland or South Africa or to or for the account or benefit of any national, resident or citizen of Australia, Canada, Japan, the Republic of Ireland or the Republic of South Africa or any person located in the United States. The Placing and the Offer for Subscription and the distribution of this announcement in other jurisdictions may be restricted by law and the persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions.

    This information is provided by RNS
    The company news service from the London Stock Exchange

    END

    MSCRBMRTMBTBBAJ
    Close

    London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.
    ©2013 London Stock Exchange plc. All rights reserved

    Regulatory

    Post navigation

    ← London Stock Exchange welcomes Bluefield Solar Income Fund to the Main MarketHolding(s) in Company →

  • Completion of IPO

    Show story

    Completion of IPO

    JULY 11, 2013

    11 Jul 2013
    Source: RNS
    RNS Number : 0670J
    Bluefield Solar Income Fund Limited

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH AFRICA.

    This announcement is an advertisement and not a prospectus. Investors should not purchase or subscribe for any transferable securities referred to in this announcement except on the basis of information in the prospectus dated 25 June 2013 and the supplementary prospectus dated 3 July 2013 (together the “Prospectus”)  published by Bluefield Solar Income Fund Limited in connection with the initial public offering and the admission of its ordinary shares (the “Ordinary Shares”) to the premium segment of the Official List of the Financial Conduct Authority (the “Official List”) and to trading on London Stock Exchange plc’s main market for listed securities (the “London Stock Exchange”). A copy of the Prospectus is available from the Company’s website. This announcement is not an offer to sell, or a solicitation of an offer to acquire, securities in the United States or in any other jurisdiction. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.

    BLUEFIELD SOLAR INCOME FUND LIMITED

    IPO successfully raises £130 million to invest in UK-based large scale solar assets

    11 July 2013 Bluefield Solar Income Fund Limited (the “Fund”), a newly incorporated investment fund focusing on large scale agricultural and industrial solar assets, today announced that it has raised gross proceeds of £130 million in its initial public offering (“IPO”) of shares on the Main Market of the London Stock Exchange.

    Application has been made to the Financial Conduct Authority (the “FCA”) for the Ordinary Shares to be admitted to the premium segment of the Official List and to the London Stock Exchange and for such Ordinary Shares to be admitted to trading on the London Stock Exchange’s Main Market for listed securities, with unconditional trading expected to commence at 08.00 on 12 July 2013.

    For further details contact:

    Numis Securities (Investors)                          020 7260 1000

    Tod Davis (Sales)
    David Benda (Corporate Broking)
    Jamie Lillywhite (Corporate Finance)

    Capital MSL (Media)                                           020 7307 5330

    Nick Bastin
    Michael Kinirons
    Giles Abbott

    Important Information

    This announcement has been prepared by, and is the sole responsibility of, Bluefield Solar Income Fund Limited.

    Numis Securities Limited is acting only for Bluefield Solar Income Fund Limited in connection with the matters described in this announcement and is not acting for or advising any other person, or treating any other person as its client, in relation thereto and will not be responsible for providing the regulatory protection afforded to clients of Numis Securities Limited or advice to any other person in relation to the matters contained herein.

    The Fund is not and will not be registered under the US Investment Company Act of 1940, as amended.  The Ordinary Shares have not been, nor will they be, registered under the US Securities Act of 1933, as amended (the ”Securities Act”) or with any securities regulatory authority of any state or other jurisdiction of the United States or under the applicable securities laws of Australia, Canada, Japan, the Republic of Ireland or the Republic of South Africa.  Subject to certain exceptions, the Ordinary Shares may not be offered or sold in the United States, Australia, Canada, Japan, the Republic of Ireland or the Republic of South Africa or to or for the account or benefit of any national, resident or citizen of Australia, Canada, Japan, the Republic of Ireland or the Republic of South Africa or any person located in the United States. The Placing and the Offer for Subscription and the distribution of this announcement in other jurisdictions may be restricted by law and the persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions.

    This information is provided by RNS
    The company news service from the London Stock Exchange

    END