Acquisition of Praxis Fund Services by Sanne Group

RNS Number : 8933U

JLEN Environmental Assets Group Ltd

07 December 2021

 

7 December 2021

JLEN Environmental Assets Group Limited

(the "Company")

Acquisition of Praxis Fund Services Limited by Sanne Group plc

The Company announces that, effective 3 December 2021, the fund services division of the PraxisIFM Group, which included Praxis Fund Services Limited, the Company Secretary and Administrator of the Company, was acquired by Sanne Group plc. Effective 6 December 2021, the name of Praxis Fund Services Limited has changed to Sanne Fund Services (Guernsey) Limited ("Sanne"). There are no changes to the services provided to the Company by Sanne, or to the Company's registered address, e-mail or telephone number.

For further information, please contact:

Foresight Group Chris Tanner Chris Holmes	[phone]
Winterflood Investment Trusts  Neil Langford Chris Mills	[phone]
SEC Newgate Elisabeth Cowell Megan Kovach	[phone]
Sanne Fund Services (Guernsey) Limited Matt Falla Gemma Woods	[phone]

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 6.80¹ 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.

 

END

 

 

ACQEAPAXEFAFFFA