TIDMJLEN
RNS Number : 9120Z
JLEN Environmental Assets Group Ltd
28 January 2022
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE
REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH
PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
28 January 2022
JLEN Environmental Assets Group Limited
Result of Issue
The Board of JLEN Environmental Assets Group Limited ("JLEN" or
the "Company") is pleased to announce that the Company has raised
GBP60.7 million pursuant to the placing and offer for subscription
(together the "Issue") announced on 12 January 2022 (the "Issue
Announcement"). Accordingly, the Company will issue a total of
60,139,202 New Ordinary Shares at the issue price of 101 pence per
New Ordinary Share.
The Issue was significantly oversubscribed in both the placing
and offer for subscription. The Board is delighted by the support
from existing shareholders and new investors, in particular, the
response from retail investors, which led to the offer for
subscription materially exceeding the EUR8 million threshold.
Accordingly, applications have been scaled back in line with the
terms and conditions of the Issue set out in the Issue
Announcement.
JLEN intends to use the net proceeds of the Issue to repay the
Facility and fund a pipeline of environmental infrastructure
opportunities .
Applications have been made to the Financial Conduct Authority
for admission of the New Ordinary Shares to the premium segment of
the Official List and to the London Stock Exchange for admission to
trading of the New Ordinary Shares on its main market for listed
securities ("Admission"). It is expected that Admission will become
effective at or around 8.00 a.m. on 1 February 2022 and that
dealings in the New Ordinary Shares will commence at that time.
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, including the
dividend for the quarter to 31 December 2021.
Immediately following Admission, the Company's issued share
capital will consist of 661,531,229 Ordinary Shares with voting
rights. This figure may be used by shareholders in determining the
denominator for the calculation by which they will establish if
they are required to notify their interest in, or a change to their
interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.
The Issue is conditional, among other things, on Admission being
effective and the Placing Agreement not being terminated in
accordance with its terms.
Terms used in this announcement shall, unless the context
otherwise requires, bear the meanings given to them in the Issue
Announcement, which can be found on JLEN's website at
www.jlen.com.
For further information please contact:
Foresight Group
Chris Tann er
Chris Holmes +44(0)20 3667 8100
Winterflood Securities Limited
Neil Langford
Chris Mills +44(0)20 3100 0000
About JLEN
JLEN's investment policy is to invest in a diversified portfolio
of Environmental Infrastructure. Environmental Infrastructure is
defined by the Company as infrastructure assets, projects and
asset-backed businesses that utilise natural or waste resources or
support more environmentally friendly approaches to economic
activity, support the transition to a low carbon economy or which
mitigate the effects of climate change. Such investments will
typically feature one or more of the following characteristics:
-- long-term, predictable cash flows, which may be wholly or
partially inflation-linked cash flows;
-- long-term contracts or stable and well-proven regulatory and legal frameworks; or
-- well-established technologies, and demonstrable operational performance
JLEN's aim is to provide investors with a sustainable,
progressive dividend per share, paid quarterly and to preserve the
capital value of the portfolio over the long term on a real basis.
The target dividend for the year to 31 March 2022 is 6.80(1) pence
per share. The dividend is payable quarterly.
Further details of the Company can be found on its website
www.jlen.com.
(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.
LEI: 213800JWJN54TFBMBI68
Important Information
This Announcement contains information that is inside
information f or the purposes of the Market Abuse Regulation
(Regulation 596/2014), as it forms part of domestic law by virtue
of the European Union (Withdrawal) Act 2018. Upon the publication
of this Announcement via a Regulatory Information Service this
inside information is now considered to be in the public
domain.
This Announcement and the information contained herein, is
restricted and is not for publication, release or distribution,
directly or indirectly, in whole or in part, in or into the United
States of America, its territories and possessions, any state of
the United States or the District of Columbia (collectively, the
"United States"), Australia, Canada, Japan, the Republic of South
Africa, Japan, any member state of the European Economic Area
("EEA") or any other jurisdiction in which such publication,
release or distribution would be unlawful. 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, securities in any
jurisdiction. This announcement has not been approved by the London
Stock Exchange, nor is it intended that it will be so approved.
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 in the Company have not been, nor will they be,
registered under the United States Securities Act of 1933, as
amended, (the "Securities Act") 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, the Republic of South Africa or any member state of the EEA.
Further, the Company has not been and will not be registered under
the United States Investment Company Act of 1940, as amended. This
Announcement may not be distributed, forwarded to or transmitted
in, into or from the United States or to any US person (as defined
under Regulation S of the Securities Act ("US Person"). Shares in
the Company may not be offered or sold in any member state of the
EEA, the United States, Canada, Australia, Japan, or the Republic
of South Africa or to or for the account or benefit of any
national, resident or citizen of any member state of the EEA,
Canada, Australia, Japan, or the Republic of South Africa. The
Issue and 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. Any person within the United
States and any US Person who obtains a copy of this Announcement
must disregard it.
This announcement may include "forward-looking statements". All
statements other than statements of historical facts included in
this announcement, including, without limitation, those regarding
the Company's financial position, strategy, plans, proposed
acquisitions and objectives are forward-looking statements.
Forward-looking statements are subject to risks and
uncertainties and accordingly the Company's actual future financial
results and operational performance may differ materially from the
results and performance expressed in, or implied by, the
statements. These forward-looking statements speak only as at the
date of this announcement. The Company, the Investment Adviser and
Winterflood expressly disclaim any obligation or undertaking to
update or revise any forward-looking statements contained herein to
reflect actual results or any change in the assumptions, conditions
or circumstances on which any such statements are based unless
required to do so by the Financial Services and Markets Act 2000,
the Prospectus Regulation Rules of the Financial Conduct Authority
or other applicable laws, regulations or rules.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ROIFLFSALIIDFIF
(END) Dow Jones Newswires
January 28, 2022 02:00 ET (07:00 GMT)
Jlen Environmental Assets (LSE:JLEN)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Jlen Environmental Assets (LSE:JLEN)
Historical Stock Chart
Von Jul 2023 bis Jul 2024