John Laing Environmental Assets Grp Net Asset Value and Dividend Declaration (7576P)
31 Mai 2018 - 8:00AM
UK Regulatory
TIDMJLEN
RNS Number : 7576P
John Laing Environmental Assets Grp
31 May 2018
31 May 2018
JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED
("JLEN" or the "Company")
Net Asset Value, Dividend and Notices of Annual Results
Announcement and Capital Market Event
JLEN, the listed environmental infrastructure fund, announces
that its unaudited Net Asset Value as at 31 March 2018 is GBP392.4
million (99.6 pence per share), an increase of 1.1 pence per share
since the last published NAV as at 31 December 2017.
The Company also announces a quarterly interim dividend of
1.5775 pence per share for the period from 1 January 2018 to 31
March 2018.
Together with the interim dividends paid during the financial
year to date of 4.7325 pence per share, the Company will have paid
total dividends of 6.31 pence per share in respect of the year
ended 31 March 2018, in line with the dividend target set out in
the 2017 Annual Report.
Dividend Timetable
Ex-dividend date 7 June 2018
Record date 8 June 2018
Payment date 22 June 2018
The Company also announces an increase in the target dividend
for the upcoming financial year to 6.51p pence per share, in line
with inflation for the financial year to 31 March 2018.
The Company intends to announce its audited results for the year
ended 31 March 2018 on 14 June 2018. A conference call for analysts
will take place at 09.00am. To register for the call please contact
Redleaf Communications on +44 (0)20 3757 6880, or by email on
JLEN@RedleafPR.com.
Anaerobic Digestion Capital Markets Event
As announced on 23 May, JLEN is also holding a Capital Markets
Event on Tuesday 19 June 2018 from 08:30am to 10:30am.
The event, which is for analysts and institutional investors,
will aim to explain the investment opportunities in the Anaerobic
Digestion sector, and include presentations from JLEN's portfolio
management team and Future Biogas, the Company's anaerobic
digestion partner.
If you are interested in attending the Capital Markets Event at
Redleaf Communications, Sky Light City Tower, 50 Basinghall Street,
London, EC2V 5DE please contact JLEN@RedleafPR.com.
For further details contact:
John Laing Capital Management
Limited 020 7901 3559
Chris Tanner
Chris Holmes
Winterflood Investment Trusts 020 3100 0000
Neil Langford
Chris Mills
Redleaf Communications 020 3757 6880
Charlie Geller
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's aim is 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 2019 is 6.51 pence per share. The
dividend is payable quarterly.
Further details of the Company can be found on its website
www.jlen.com
LEI: 213800JWJN54TFBMBI68
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END
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