TIDMJLEN
RNS Number : 4746Z
John Laing Environmental Assets Grp
27 May 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.
27 May 2016
John Laing Environmental Assets Group Limited
Result of the Placing
Further to the announcement on 12 May 2016, John Laing
Environmental Assets Group Limited ("JLEN" or the "Company")
announces that it has raised gross proceeds of GBP35.19 million
through the issue of 36,000,000 ordinary shares of no par value in
the Company ("Ordinary Shares") at 97.75 pence per Ordinary Share
pursuant to its existing placing programme (the "Placing").
The net proceeds of the Placing will be used to repay amounts
drawn down on the Company's revolving credit facility.
Applications have been made for a total of 36,000,000 Ordinary
Shares (the "New Shares") to be admitted to the premium segment of
the Official List of the UK Listing Authority and to trading on the
main market of the London Stock Exchange ("Admission"). Admission
is expected to occur at 8.00 a.m. on 1 June 2016.
The New Shares will, when issued, be credited as fully paid and
rank pari passu with the existing ordinary shares in the capital of
the Company, including the right to receive all future dividends
and distributions declared, made or paid save for the dividend
payable on 24 June 2016 to shareholders on the register on 20 May
2016. The New Shares will be entitled to the dividend for the
quarter to 30 June 2016, which is expected to be paid in September
2016.
Following Admission, the Company expects to have 260,356,435
Ordinary Shares in issue. The total number of voting rights of the
Company will be 260,356,435 and this figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company.
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 (the "Prospectus"). Unless otherwise defined,
capitalised words and phrases in this announcement shall have the
meaning given to them in the Prospectus.
For further information please contact:
John Laing Capital Management
Limited
David Hardy
Chris Tanner +44 (0)20 7901 3559
Winterflood Investment
Trusts
Neil Langford
Chris Mills +44 (0)20 3100 0000
Important information
This announcement 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.
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, the Placing Programme 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.
Apart from the responsibilities and liabilities, if any, which
may be imposed by the Financial Services and Markets Act 2000 or
the regulatory regime established thereunder, none of the Company,
the Investment Adviser or Winterflood nor any of their respective
affiliates accepts any responsibility or liability whatsoever for
or makes any representation or warranty, express or implied, as to
this announcement, including the truth, accuracy or completeness of
the information in this announcement (or whether any information
has been omitted from the announcement) or any other information
relating to the Company, its subsidiaries or associated companies,
whether written, oral or in a visual or electronic form, and
howsoever transmitted or made available or for any loss howsoever
arising from any use of the announcement or its contents or
otherwise arising in connection therewith. The Company, the
Investment Adviser and Winterflood and their respective affiliates
accordingly disclaim all and any liability whether arising in tort,
contract or otherwise which they might otherwise have in respect of
this announcement or its contents or otherwise arising in
connection therewith.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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