TIDMJLEN
RNS Number : 5184F
John Laing Environmental Assets Grp
28 July 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.
28 July 2016
John Laing Environmental Assets Group Limited
Issue of Equity
In response to investor demand, John Laing Environmental Assets
Group Limited ("JLEN" or the "Company") has today issued 750,000
ordinary shares of no par value in the Company ("Ordinary Shares")
at 102.5 pence per Ordinary Share, pursuant to the authority
approved by shareholders at the Company's Annual General Meeting on
13 August 2015.
The net proceeds of the issue will be used to repay amounts
drawn on JLEN's revolving credit facility.
Applications have been made for 750,000 Ordinary 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 3 August 2016.
The new Ordinary 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.
Following Admission, JLEN will have 261,106,435 Ordinary Shares
in issue. The total number of voting rights of the Company will be
261,106,435 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, JLEN.
In light of the premium at which the Ordinary Shares are
currently trading, JLEN intends to undertake further tap issuance
through its corporate broker, Winterflood Securities Limited, to
satisfy excess demand in the secondary market, subject to JLEN's
capital requirements. New shares issued under the tap issuance
programme will only be issued at a premium to net asset value (net
of costs) and will be accretive to existing shareholders.
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
The information contained within this announcement is deemed by
the Company to constitute inside information for the purposes of
the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via Regulatory News Service, this
inside information shall be considered to have been disclosed to
the public for the purposes of MAR.
This announcement is for information purposes only 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. The information contained in
this announcement is for background purposes only and does not
purport to be full or complete.
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 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 acquisition of such shares 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 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
IOESESSUAFMSELW
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