John Laing Environmental Assets Grp Net Asset Value and Dividend Declaration (5308A)
30 Mai 2019 - 8:01AM
UK Regulatory
TIDMJLEN
RNS Number : 5308A
John Laing Environmental Assets Grp
30 May 2019
30 May 2019
JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED
("JLEN" or the "Company")
Net Asset Value, Dividend and Notices of Annual Results
Announcement
JLEN, the listed environmental infrastructure fund, announces
that its unaudited Net Asset Value ("NAV") as at 31 March 2019 is
GBP520.3 million (104.7 pence per share), an increase of 1.9 pence
per share since the last published NAV as at 31 December 2018.
The Company also announces a quarterly interim dividend of
1.6275 pence per share for the period from 1 January 2019 to 31
March 2019.
Together with the interim dividends paid during the financial
year to date of 4.8825 pence per share, the Company will have paid
total dividends of 6.51 pence per share in respect of the year
ended 31 March 2019, in line with the dividend target set out in
the 2018 Annual Report.
Dividend Timetable
Ex-dividend date: 6 June 2019
Record date: 7 June 2019
Payment date: 28 June 2019
The Company also announces an increase in the target dividend
for the upcoming financial year to 6.66 pence per share, in line
with inflation, for the financial year to 31 March 2019.
As previously announced, the Company intends to announce its
audited results for the year ended 31 March 2019 on 13 June 2019. A
meeting for analysts will take place at 09.00 a.m. at Newgate
Communications, Sky Light City Tower, 50 Basinghall Street, London
EC2V 5DE.
To register for the meeting, or for further details and
instructions on how to connect to the meeting via a conference call
facility, please contact Newgate Communications on +44 (0) 20 3757
6880, or by email on JLEN@newgatecomms.com .
This announcement contains information that is inside
information for the purposes of the Market Abuse Regulation (EU)
No. 596/2014.
For further details contact:
John Laing Capital Management Limited +44(0)20 7901 3559
Chris Tanner
Chris Holmes
Winterflood Investment Trusts +44(0)20 3100 0000
Neil Langford
Chris Mills
Newgate Communications +44 (0)20 3757 6880
Elisabeth Cowell
Ian Silvera
Tom Carnegie
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 2020 is 6.66 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
DIVPGUQAAUPBGQB
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