Issue of Equity

RNS Number : 7131F

John Laing Environmental Assets Grp

29 July 2016

 

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS OR INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR SOUTH AFRICA.

29 July 2016

John Laing Environmental Assets Group Limited

Issue of Equity

John Laing Environmental Assets Group Limited ("JLEN" or the "Company") has today issued 1,600,000 ordinary shares of no par value in the Company ("Ordinary Shares") at 102.5 pence per Ordinary Share, pursuant to the Company's tap issuance programme announced on 28 July 2016.

The net proceeds of the issue will be used to repay amounts drawn on JLEN's revolving credit facility.

Applications have been made for 1,600,000 Ordinary Shares to be admitted to the premium segment of the Official List of the UK Listing Authority and to trading on the main market of the London Stock Exchange ("Admission").  Admission is expected to occur at 8.00 a.m. on 4 August 2016.

The new Ordinary Shares will, when issued, be credited as fully paid and rank pari passu with the existing ordinary shares in the capital of the Company, including the right to receive all future dividends and distributions declared, made or paid. 

Following Admission, JLEN will have 262,706,435 Ordinary Shares in issue. The total number of voting rights of the Company will be 262,706,435 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, JLEN.

For further information please contact:

John Laing Capital Management Limited David Hardy Chris Tanner	[phone]
Winterflood Investment Trusts Neil Langford Chris Mills	[phone]

Important information

The information contained within this announcement is deemed by the Company to constitute inside information for the purposes of the Market Abuse Regulation (EU) No. 596/2014 ("MAR").  Upon the publication of this announcement via Regulatory News Service, this inside information shall be considered to have been disclosed to the public for the purposes of MAR.

This announcement is for information purposes only and does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares in the Company in any jurisdiction nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with or act as any inducement to enter into, any contract therefor.  The information contained in this announcement is for background purposes only and does not purport to be full or complete.

Winterflood Securities Limited ("Winterflood"), which is authorised and regulated by the Financial Conduct Authority, is acting only for the Company in connection with the matters described in this announcement and is not acting for or advising any other person, or treating any other person as its client, in relation thereto and will not be responsible for providing the regulatory protection afforded to clients of Winterflood or advice to any other person in relation to the matters contained herein.

The shares of the Company have not been, nor will they be, registered under the US Securities Act of 1933, as amended, or with any securities regulatory authority of any state or other jurisdiction of the United States or under the applicable securities laws of Australia, Canada, Japan, New Zealand or South Africa. Further, the Company has not been and will not be registered under the US Investment Company Act of 1940, as amended. Subject to certain exceptions, the shares of the Company may not be offered or sold in any member state of the EU other than the United Kingdom, the United States of America, Canada, Australia, Japan, New Zealand or South Africa or to or for the account or benefit of any national, resident or citizen of any member state of the EU other than the United Kingdom, Canada, Australia, Japan, New Zealand or South Africa or any person located in the United States. The distribution of this announcement in other jurisdictions may be restricted by law and the persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions.

Acquiring shares to which this announcement relates may expose an investor to a significant risk of losing all of the amount invested. This announcement does not constitute a recommendation concerning the acquisition of such shares and no information in this announcement should be construed as providing financial, investment or other professional advice. The value of the shares in the Company can decrease as well as increase.  Past performance or information in this announcement cannot be relied upon as a guide to future performance. 

 

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