Board Changes

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	[phone]
Winterflood Investment Trusts  Neil Langford Chris Mills	[phone]
SEC Newgate Elisabeth Cowell	[phone]
S anne Fund Services  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 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 share¹.  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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