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Bluefield Solar Income pushes issue timetable back in response to windfall tax rumours

Bluefield Solar Income pushes issue timetable back in response to windfall tax rumours – The board of Bluefield Solar Income (BSIF) has responded to recent articles regarding unspecific rumours of a possible windfall tax on electricity generators including renewable generators.

Given the timing of this press speculation relative to the originally planned closing date and despite considerable indications of interest received for the issue, BSIF has decided it would be appropriate to extend the timetable to allow investors to consider the topics raised by the press speculation. The revised timetable is as follows:

Event

Date

Latest time and date for receipt of completed Application Forms and payment in full under the Offer for Subscription

11.00 a.m. on Monday, 30 May 2022

Latest time and date for commitments under the Placing

12.00 p.m. on Tuesday, 31 May 2022

Announcement of results of the Issue

Wednesday, 1 June 2022

Admission and dealing in New Ordinary Shares commence

8.00 a.m. on Tuesday, 7 June 2022

According to reports, first published in the Financial Times, sources close to the Treasury’s thinking on how to impose a windfall tax have pointed out that renewable and nuclear energy generators have also enjoyed windfall profits as electricity prices have also surged and that they have enjoyed extra profits as they are not dependent on expensive gas to produce power. An announcement on windfall taxes could come as soon as tomorrow but the Treasury said no decisions have yet been made.

BSIF : Bluefield Solar Income pushes issue timetable back in response to windfall tax rumours

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