JLEN Environmental Assets Group Ltd Net Asset Value Uplift (6931K)
09 Mai 2022 - 7:10PM
UK Regulatory
TIDMJLEN
RNS Number : 6931K
JLEN Environmental Assets Group Ltd
09 May 2022
9 May 2022
JLEN ENVIRONMENTAL ASSETS GROUP LIMITED
("JLEN" or the "Company")
Net Asset Value Uplift
The Company expects to announce its unaudited Net Asset Value
("NAV") as at 31 March 2022 in mid-May 2022. While the Company has
yet to finalise the 31 March 2022 NAV, the initial indication is
that there will be a material increase in the NAV relative to 31
December 2021. An uplift in the range of 13 to 15 per cent is
anticipated, although the portfolio valuation remains subject to
independent third-party review as part of JLEN's usual year-end
process.
The NAV uplift is driven primarily by a combination of higher
short term power prices and inflation expectations in addition to
gains from moving certain assets from acquisition cost to a
discounted cashflow (DCF) valuation basis in accordance with JLEN's
valuation policy.
JLEN will provide further information in the Q1 2022 NAV update
announcement, expected in mid-May.
This announcement contains information that is inside
information for the purposes of the Market Abuse Regulation (EU)
No. 596/2014.
For further information, please contact:
Foresight Group
Chris Tanner
Chris Holmes +44(0)20 3667 8100
Winterflood Investment Trusts
Neil Langford
Chris Mills +44(0)20 3100 0000
SEC Newgate
Elisabeth Cowell +44(0)20 3757 6882
Sane Fund Services
Matt Falla
Gemma Woods +44(0)1481 755530
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;
-- 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 .
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.
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END
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