John Laing Environmental Assets Grp Publication of Circular & Notice of EGM (5169E)
12 Februar 2018 - 8:00AM
UK Regulatory
TIDMJLEN
RNS Number : 5169E
John Laing Environmental Assets Grp
12 February 2018
12 February 2018
John Laing Environmental Assets Group Limited
Proposed Issuance Programme, Publication of Circular
and Notice of Extraordinary General Meeting
The Board of John Laing Environmental Assets Group Limited
("JLEN" or the "Company") today announces the Company's intention
to launch a share issuance programme for up to 200 million New
Ordinary Shares (the "Issuance Programme"). Issues under the
Issuance Programme may be undertaken by way of a placing, an offer
for subscription and/or an intermediaries offer (or any combination
thereof). A prospectus relating to the Issuance Programme is
expected to be published before the end of February 2018.
The net proceeds of each Issue undertaken pursuant to the
Issuance Programme will be used to repay amounts drawn under the
Facility and/or to fund acquisition opportunities in accordance
with the Company's investment policy, subject to the circumstances
at the time of each Issue.
The New Ordinary Shares issued under the Issuance Programme will
be offered on a non-pre-emptive basis and so the Company has today
published and posted to Shareholders a circular (the "Circular")
convening an extraordinary general meeting to seek Shareholder
approval for the disapplication of the pre-emption rights contained
in the Articles by way of a special resolution (the "General
Meeting"). The General Meeting will be held at Sarnia House, Le
Truchot, St Peter Port, Guernsey, at 10.30 a.m. on 2 March
2018.
The Circular will shortly be available on the Company's website
at www.jlen.com and on the National Storage Mechanism at
http://www.morningstar.co.uk/uk/NSM. The Circular will also be made
available at the Company's offices at Sarnia House, Le Truchot, St
Peter Port, Guernsey GY1 1GR.
Terms used in this announcement shall, unless the context
otherwise requires, bear the meanings given to them in the
Circular
For further information please contact:
John Laing Capital Management
Limited
Chris Tanner
Chris Holmes +44(0)20 7901 3559
Winterflood Securities Limited
Neil Langford
Chris Mills +44(0)20 3100 0000
Praxis Fund Services Limited
Matt Falla +44(0)1481 755530
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
LEI: 213800JWJN54TFBMBI68
This information is provided by RNS
The company news service from the London Stock Exchange
END
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