NextEnergy Solar Fund Limited (LSE:NESF) commences share repurchases on June 28, 2024, under the program mandated by the shareholders in the Annual General Meeting held on August 16, 2023. As per the mandate, the company will repurchase up to 88,512,954 shares, representing 14.99% of its issued share capital. The minimum price which may be paid for each ordinary share is 1p and the maximum price (excluding expenses) which may be paid for each ordinary share is the higher of 105% of the average market value of an ordinary share in the company for the five business days prior to the day the purchase is made. The authority shall expired at the conclusion of the annual general meeting of the Company to be held in 2024. As of July 1, 2023, the company had 590,480,019 ordinary shares in issue.

On June 18, 2024, the company announced a share repurchase program. Under the program, the company will repurchse up to £20 million worth of its shares.

Cavendish Capital Markets Limited acted as broker to the company.