TIDMJLEN

RNS Number : 4778C

John Laing Environmental Assets Grp

19 January 2015

19 January 2015

JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED

JOHN LAING GROUP PLC SHAREHOLDING

John Laing Environmental Assets Group Limited ("JLEN") notes the announcement that John Laing Group Plc ("John Laing") is intending to undertake an initial public offering ("IPO") and apply for admission of its shares to the premium listing segment of the Official List and to trading on the Main Market of the London Stock Exchange ("Admission").

In connection with the IPO, John Laing Investments Limited ("John Laing Investments"), a wholly owned subsidiary of John Laing and major shareholder in JLEN representing 63,496,731 ordinary shares ("Shares") (equivalent to 39.7 per cent. of JLEN's issued share capital), has entered into a framework agreement with John Laing Pension Trust Limited ("JL Pension Trustee"). Pursuant to this agreement, John Laing Investments has agreed to transfer 47,840,000 Shares (equivalent to 29.9 per cent. of JLEN's issued share capital) to JL Pension Trustee, subject to Admission. John Laing Investments will retain the remaining 15,656,731 Shares (equivalent to 9.8 per cent. of JLEN's issued share capital).

In addition, JL Pension Trustee and John Laing Investments have entered into an extended "lock-in" agreement with Barclays Bank PLC and Winterflood Securities Limited, effective on Admission, which prevents JL Pension Trustee and John Laing Investments from selling their respective holdings, or any proportion thereof, until 1 October 2015, subject to certain limited exceptions.

For further details contact:

 
 John Laing Capital Management Limited 
  David Hardy 
  Chris Tanner                            020 7901 3559 
 Redleaf Polhill 
  Rebecca Sanders-Hewett 
  Charlie Geller                          020 7382 4769

About JLEN

JLEN's investment policy is to invest in environmental infrastructure projects that have the benefit of long-term, predictable, wholly or partially inflation-linked cash flows supported by long-term contracts or stable regulatory frameworks.

Environmental Infrastructure is defined by the Company as infrastructure projects that utilise natural or waste resources or support more environmentally-friendly approaches to economic activity. This could involve the generation of renewable energy (including solar, wind, hydropower and biomass technologies), the supply and treatment of water, the treatment and processing of waste, and projects that promote energy efficiency.

Further details of the Company can be found on its website www.jlen.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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