John Laing Environmental Assets Grp Investment Adviser (5759V)
06 November 2017 - 8:00AM
UK Regulatory
TIDMJLEN
RNS Number : 5759V
John Laing Environmental Assets Grp
06 November 2017
06 November 2017
JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED
Investment Adviser
The Board of John Laing Environmental Assets Group Limited
("JLEN" or the "Company") has been notified by John Laing Capital
Management ("JLCM"), the investment adviser to the Company, that
Chris Holmes will join JLCM in January 2018 to take on the role as
joint lead adviser to the Company. Chris will work alongside Chris
Tanner, who has acted as joint lead adviser to JLEN since its
launch in 2014. This follows the transfer within JLCM of David
Hardy, which was announced by JLEN on 19 May 2017.
Chris Holmes is formerly of Green Investment Group (part of
Macquarie Group), where he was Managing Director of Waste and
Bioenergy.
Richard Morse, Chairman of JLEN, said:
"We are pleased with the appointment of Chris Holmes as joint
lead adviser to JLEN. Chris brings with him a wealth of knowledge
and experience in the renewables sector, in particular waste and
bioenergy. The JLEN Board is confident that, under the management
of both Chris Tanner and Chris Holmes, the Company's strong
performance will continue and JLEN remains well placed for the next
phase of the Company's development in 2018 and beyond."
For further details contact:
John Laing Capital Management
Limited
Chris Tanner 020 7901 3559
Redleaf Communications
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.
JLEN aims to provide investors with an annual dividend that is
sustainable and increases in line with inflation. The target
dividend for the year to 31 March 2018 is 6.31 pence per share(1) .
The dividend is payable quarterly.
Further details of the Company can be found on its website
www.jlen.com
LEI: 213800JWJN54TFBMBI68
((1) These are targets only and not profit forecasts. There can
be no assurance that these targets will be met or that the Company
will make any distributions at all.)
This information is provided by RNS
The company news service from the London Stock Exchange
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