Investment Adviser

RNS Number : 5759V

John Laing Environmental Assets Grp

06 November 2017

 

06 November 2017

JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED

Investment Adviser

The Board of John Laing Environmental Assets Group Limited ("JLEN" or the "Company") has been notified by John Laing Capital Management ("JLCM"), the investment adviser to the Company, that Chris Holmes will join JLCM in January 2018 to take on the role as joint lead adviser to the Company. Chris will work alongside Chris Tanner, who has acted as joint lead adviser to JLEN since its launch in 2014. This follows the transfer within JLCM of David Hardy, which was announced by JLEN on 19 May 2017.

Chris Holmes is formerly of Green Investment Group (part of Macquarie Group), where he was Managing Director of Waste and Bioenergy.

Richard Morse, Chairman of JLEN, said:

"We are pleased with the appointment of Chris Holmes as joint lead adviser to JLEN. Chris brings with him a wealth of knowledge and experience in the renewables sector, in particular waste and bioenergy. The JLEN Board is confident that, under the management of both Chris Tanner and Chris Holmes, the Company's strong performance will continue and JLEN remains well placed for the next phase of the Company's development in 2018 and beyond." 

 For further details contact:

John Laing Capital Management Limited Chris Tanner	020 7901 3559
Redleaf Communications 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.

JLEN aims to provide investors with an annual dividend that is sustainable and increases in line with inflation. The target dividend for the year to 31 March 2018 is 6.31 pence per share¹. The dividend is payable quarterly.

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

LEI: 213800JWJN54TFBMBI68

(¹These 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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