Completion of further acquisitions

RNS Number : 5854E

John Laing Environmental Assets Grp

11 April 2014

 

11 April 2014

JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED ("JLEN")

Completion of further acquisitions

John Laing Environmental Assets Group Limited (JLEN), which manages a balanced portfolio of environmental infrastructure projects, has completed the acquisitions of the Amber Solar, Castle Pill & Ferndale Wind and Bilsthorpe Wind projects from the John Laing Group.

This follows the acquisitions of the Dumfries & Galloway Waste, Hall Farm Wind and Tay Wastewater Projects announced on Thursday, 3 April. JLEN completed its successful placing, offer for subscription and admission to the main market of the London Stock Exchange on Monday 31 March 2014.

JLEN has now completed the acquisition of six projects out of seven of the Initial portfolio set out in the IPO Prospectus. JLEN expects to complete the acquisition of the final project in the Initial portfolio, East London Waste Authority Waste in the near term.

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For Further Details Contact:

John Laing Capital Management Limited David Hardy Chris Tanner	020 7901 3200
Redleaf Polhill Rebecca Sanders-Hewett Henry Columbine Charlie Geller	020 7382 4769

About JLEN

JLEN's investment policy is to invest in environmental infrastructure projects that have the benefit of long-term, predictable, wholly or partially inflation-linked cash flows supported by long-term contracts or stable regulatory frameworks.

Environmental Infrastructure is defined by the Company as infrastructure projects that utilise natural or waste resources or support more environmentally-friendly approaches to economic activity. This could involve the generation of renewable energy (including solar, wind, hydropower and biomass technologies), the supply and treatment of water, the treatment and processing of waste, and projects that promote energy efficiency.

Further details of the Company can be found on its website www.jlen.com

 

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