John Laing Environmental Assets Grp John Laing Group plc Shareholding (4778C)
19 Januar 2015 - 8:45AM
UK Regulatory
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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