TIDMJLEN

RNS Number : 9787O

JLEN Environmental Assets Group Ltd

15 June 2022

15 June 2022

JLEN Environmental Assets Group Limited

Board Changes

The Board of JLEN Environmental Assets Group Limited ("JLEN" or the "Company") announces that Richard Morse has confirmed his intention to step down as non-Executive Chair of the Company, effective 15 July 2022, having served as a Director of the Company for nearly nine years.

The recruitment process for Richard's successor as Chair is in advanced stages and the Directors look forward to announcing the conclusion shortly. The Board would like to thank Richard for his commitment and dedication to the Company since its launch, and to wish him every success for the future.

Richard Ramsay, Senior Independent Director, said:

"We are grateful to Richard for his time and effort whilst on the Board of JLEN. As one of the Company's founding Directors, Richard has been instrumental in shaping the Board and driving effective governance through his collegiate and thoughtful leadership."

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 
S anne 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 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 2023 is 7.14 pence per share(1) . 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.

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

BOABKPBKKBKDNAD

(END) Dow Jones Newswires

June 15, 2022 06:06 ET (10:06 GMT)

Jlen Environmental Assets (LSE:JLEN)
Historical Stock Chart
Von Jun 2024 bis Jul 2024 Click Here for more Jlen Environmental Assets Charts.
Jlen Environmental Assets (LSE:JLEN)
Historical Stock Chart
Von Jul 2023 bis Jul 2024 Click Here for more Jlen Environmental Assets Charts.