TIDMJLEN

RNS Number : 8470V

John Laing Environmental Assets Grp

21 April 2016

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS OR INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR SOUTH AFRICA.

21 April 2016

JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED

Proposed Equity Issue

On 17 March, John Laing Environmental Assets Group Limited ("JLEN" or the "Company") announced the acquisition of Pylle Southern Solar Park which was funded by a drawdown under the Company's revolving credit facility.

JLEN has now drawn the majority of its revolving credit facility and has a strong pipeline of investment opportunities and, with this in mind, the Board of JLEN is proposing to raise up to GBP65 million by way of a cash placing of new ordinary shares (the "New Shares") to institutional investors pursuant to its existing placing programme (the "Placing"). The net proceeds of the Placing will be used to repay the Company's facility to provide capital for pipeline acquisitions.

The issue price per New Share will be at a modest premium to the estimated net asset value as at 31 March 2016, which is expected to be announced on or around 12 May 2016.

The Placing is expected to close at 2.00 p.m. (London time) on 26 May 2016 with the results of the issue expected to be announced on 27 May 2016.

The Placing will be made to Qualified Investors (as defined in section 86(7) of the Financial Services and Markets Act 2000 (as amended)) through Winterflood Securities Limited ("Winterflood"). The decision to allot New Shares to any Qualified Investor shall be at the absolute discretion of the Board of JLEN (following consultation with Winterflood and the Company's investment adviser, John Laing Capital Management Limited).

Application will be made for the New Shares to be admitted to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange. It is expected that dealings in the New Shares will commence at 8.00 a.m. on 1 June 2016.

The prospectus in connection with the placing programme was published on 4 June 2015 and can be found on JLEN's website at www.jlen.com.

For further details contact:

 
 John Laing Capital Management 
  Limited 
  David Hardy 
  Chris Tanner                    020 7901 3559 
 Winterflood Investment Trusts 
  Neil Langford 
  Chris Mills                     020 3100 0000 
 Redleaf Polhill 
  Charlie Geller 
  Harriet Lynch                   020 7382 4769

Important information

The contents of this announcement, which has been prepared by and is the sole responsibility of the Company, have been approved by John Laing Capital Management Limited (the "Investment Adviser") solely for the purposes of section 21(2)(b) of the Financial Services and Markets Act 2000 (as amended).

This announcement is an advertisement. It does not constitute a prospectus relating to the Company and does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares in the Company in any jurisdiction nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with or act as any inducement to enter into, any contract therefor.

Recipients of this announcement who are considering acquiring shares in the Company are reminded that any such acquisition must be made only on the basis of the information contained in the prospectus published by the Company dated 4 June 2015 and any supplement or supplements thereto which may be different from the information contained in this announcement. This announcement does not contain sufficient information to support an investment decision and investors should ensure that they obtain all available relevant information before making any investment.

Winterflood Securities Limited ("Winterflood"), which is authorised and regulated by the Financial Conduct Authority, is acting only for the Company in connection with the matters described in this announcement and is not acting for or advising any other person, or treating any other person as its client, in relation thereto and will not be responsible for providing the regulatory protection afforded to clients of Winterflood or advice to any other person in relation to the matters contained herein.

The shares of the Company have not been, nor will they be, registered under the US Securities Act of 1933, as amended, or with any securities regulatory authority of any state or other jurisdiction of the United States or under the applicable securities laws of Australia, Canada, Japan, New Zealand or South Africa. Further, the Company has not been and will not be registered under the US Investment Company Act of 1940, as amended. Subject to certain exceptions, the shares of the Company may not be offered or sold in any member state of the EU other than the United Kingdom, the United States of America, Canada, Australia, Japan, New Zealand or South Africa or to or for the account or benefit of any national, resident or citizen of any member state of the EU other than the United Kingdom, Canada, Australia, Japan, New Zealand or South Africa or any person located in the United States. The Placing and the distribution of this announcement in other jurisdictions may be restricted by law and the persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions.

Acquiring shares to which this announcement relates may expose an investor to a significant risk of losing all of the amount invested. This announcement does not constitute a recommendation concerning the Placing and no information in this announcement should be construed as providing financial, investment or other professional advice. The value of the shares in the Company can decrease as well as increase. Past performance or information in this announcement or any of the documents relating to the Placing cannot be relied upon as a guide to future performance.

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEEAKLEASNKEFF

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April 21, 2016 02:00 ET (06:00 GMT)

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