The following amendment has been made to the 'Scrip Dividend Circular' announcement released on 7 March 2014 at 07:00 hrs under RNS No 7412B. In the announcement released this morning it was incorrectly stated that the latest time and date for receipt of Scrip Election Forms and Dividend Election Input Messages was 3.00 p.m. on 21 March. The correct time and date is 5.00 p.m. on 21 March. The announcement has been amended to reflect this. All other details remain unchanged. The full amended text is shown below.
7 March 2014
BLUEFIELD SOLAR INCOME FUND LIMITED
Scrip Dividend Circular
Further to the dividend declaration announced on 19 February 2014 the Board of Bluefield Solar Income Fund is pleased to announced that a scrip dividend circular in respect of the Interim Dividend has been posted to shareholders and has also been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM
The Reference Share Price under the Scrip Dividend Alternative in respect of the 2013 Interim Dividend is based on a price for each Scrip Dividend Share of 101.975 pence (being the average of the middle market prices of the Ordinary Shares derived from the Daily Official List of the London Stock Exchange for the Ex-Dividend Date and the four subsequent dealing days.
Expected timetable |
2014 |
Latest time and date for receipt of Scrip Election Forms (for Ordinary Shares held in certificated form) and Dividend Election Input Messages (for Ordinary Shares held in CREST) |
5.00 p.m. on 21 March |
Posting of cheques for payment of cash dividends |
10 April |
Dispatch of certificates for Scrip Dividend Shares that are to be held in certificated form |
11 April |
Dividend payment date |
11 April |
Expected date for admission of Scrip Dividend Shares to the premium segment of the Official List and to trading on the London Stock Exchange's main market for listed securities |
11 April |
Capitalised terms used but not defined in this announcement have the same meanings as set out in the scrip dividend circular dated 7 March 2014.
Enquiries:
James Armstrong / Mike Rand / Giovanni Terranova
Bluefield Partners LLP - Company Investment Adviser
Tel: +44 (0)2070780020
Tod Davis / David Benda
Numis Securities Limited - Company Broker
Tel: +44 (0)2072601000
Kevin Smith
Heritage International Fund Managers Limited - Company Secretary & Administrator
Tel: +44 (0)1481716000
Note to editors:
About Bluefield Solar Income Fund Limited (the "Company" or "BSIF")
BSIF is a Guernsey-registered investment company focusing on large scale agricultural and industrial solar assets. The Company raised gross proceeds of GBP130m in July 2013 through an initial public offering ("IPO") of shares on the main market of the London Stock Exchange. It raised further capital via a tap issue in February 2014.
The Company seeks to provide shareholders with an attractive return, principally in the form of semi-annual income distributions, by investing in a diversified portfolio of solar energy assets, each located within the UK, with a focus on utility scale assets and portfolios on greenfield, industrial and/or commercial sites. The Company's target dividend is 4 pence per share in relation to the first financial year ending 30 June 2014, and 7 pence per share in respect of the Company's second financial year, rising with RPI thereafter.
About Bluefield Partners LLP ("Bluefield")
Bluefield was established in 2009 and is a specialist investment adviser to funds and companies investing in solar energy infrastructure. Bluefield's team has a proven track record in the selection, acquisition and management of large scale energy and infrastructure assets in the UK and Europe.
The managing partners have been involved in over GBP350m of solar photovoltaic ("PV") funds and/or transactions in both the UK and Europe since 2008, including over GBP170m in the UK since December 2011. Bluefield has led the acquisitions, and currently advises, on over 50 UK based solar assets.
Bluefield was appointed Investment Adviser to the Company in June 2013.
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http://www.rns-pdf.londonstockexchange.com/rns/7885B_-2014-3-7.pdf
