JLEN Environmental Assets Group Ltd Net Asset Value and Dividend (7986U)
04 August 2022 - 8:00AM
UK Regulatory
TIDMJLEN
RNS Number : 7986U
JLEN Environmental Assets Group Ltd
04 August 2022
4 August 2022
JLEN ENVIRONMENTAL ASSETS GROUP LIMITED
("JLEN" or the "Company")
Net Asset Value and Dividend Announcement
Net Asset Value
JLEN, the listed environmental infrastructure fund, announces
that its unaudited Net Asset Value as at 30 June 2022 is
GBP814.3million (123.1 pence per share), an increase of 7.8 pence
per share since 31 March 2022. The increase is due to a combination
of price fix arrangements secured above previous valuation
assumptions (+1.2p), uplifts in seasonal forward pricing (+1.5p)
and revisions to long term forecasts provided by independent third
party consultants (+5.8p). Other valuation assumptions, including
actual year to date and forecast inflation will be reviewed for the
interim report to 30 September 2022.
Dividend
The Company also announces a quarterly interim dividend of 1.78
pence per share for the quarter ended 30 June 2022, in line with
the dividend target of 7.14p per share for the year to 31 March
2023, as set out in the 2022 Annual Report.
Dividend Timetable
Ex-dividend 1 September 2022
date
Record date 2 September 2022
Payment date 23 September
2022
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 (For media enquiries) +44 (0)20 3757 6882
Elisabeth Cowell jlen@secnewgate.co.uk
Sanne Fund Services (Guernsey)
Limited
Matt Falla
Gemma Woods 44 (0)14 8175 5530
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.
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END
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