Directorate Change

RNS Number : 4979U

JLEN Environmental Assets Group Ltd

02 August 2022

 

2 August 2022

JLEN Environmental Assets Group Limited

Director and Chair Appointment

The Board of JLEN Environmental Assets Group Limited ("JLEN" or the "Company") is pleased to announce that Ed Warner, OBE has been appointed Chair of JLEN with effect from 2 August 2022, succeeding Richard Morse who stepped down on 15 July 2022.

Ed brings extensive financial services experience from his time spent in senior positions at several investment banks and financial institutions, including IFX Group, Old Mutual, NatWest Markets, and Dresdner Kleinwort Benson. He also has considerable investment trust experience, having been Chair of both Standard Life Private Equity Trust plc and Blackrock Energy and Resources Income Trust. He is currently Chair of HarbourVest Global Private Equity Limited. Ed has also previously served as Chair of Air Partner plc and non-executive director and interim Chair of Clarkson plc. 

Richard Ramsay, Senior Independent Director, commented:

"I am pleased to welcome Ed to the JLEN Board. He brings deep knowledge of financial markets and the investment trust sector and is well placed to lead the board in the future as JLEN, now a FTSE 250 company, continues to invest in the environmental infrastructure sector."

Ed Warner commented:

"I am delighted to join the board at JLEN and look forward to working with the Board and team at Foresight to continue to diversify our portfolio and grow the company and deliver excellent returns for shareholders in this vital asset class."

No further disclosures are required for Ed Warner in respect of paragraphs 9.6.13 of the Financial Conduct Authority's Listing Rules.

For further information please contact:

Foresight Group Chris Tanner Chris Holmes	[phone]
Winterflood Securities Limited Neil Langford Chris Mills	[phone]
SEC Newgate Elisabeth Cowell/Axaule Shukanayeva/ Max Richardson	[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 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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