Foresight Solar Fund to launch placing of ordinary shares

Foresight Solar Fund Limited is set to issue new ordinary shares of no par value in the Company by way of a placing. The Placing will be conducted under the Company’s remaining shareholder authorities granted at the last AGM to issue up to 54,894,155 Ordinary Shares on a non-pre-emptive basis, being approximately 10% of the Ordinary Shares in issue at that time.

The Placing will be non-pre-emptive and will be launched immediately when Stifel Nicolaus Europe Limited will commence a book-building process to determine the level of demand from potential investors for participation in the Placing.

The Placing Shares are not being offered at a fixed price. To bid in the book-build, investors should communicate their bid (or bids) by telephone to their usual sales contact at Stifel. Each bid should state the number of Placing Shares for which the prospective investor wishes to subscribe and the price or price range that the prospective investor is offering to pay. Any bid price must be for a full pence or half pence amount. The Placing Price will be greater than the total of the latest announced unaudited NAV per existing Ordinary Share plus the estimated costs of the Placing and is therefore expected to be accretive to the NAV attributable to existing shareholders.