John Laing Shareholdings

RNS Number : 6263N

John Laing Environmental Assets Grp

27 October 2016

 

27 October 2016

JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED

("JLEN" or the "Company")

John Laing Group and John Laing Pension Fund Shareholdings  

The Company notes that John Laing Investments Limited ("John Laing Investments") and The John Laing Pension Trust Limited ("JL Pension Trust") have sold, in aggregate, 12.5 million shares in the Company. The transactions have been undertaken in response to institutional demand and the Board is pleased that John Laing Investments and JL Pension Trust were able to provide liquidity in this instance.

Following the sale, John Laing Investments and JL Pension Trust own 9,406,731 shares (3.3%) and 41,590,000 shares (14.7%) respectively.

For further details contact:

John Laing Capital Management Limited                           020 7901 3559

David Hardy

Chris Tanner

Winterflood Investment Trusts                                            020 3100 0000

Neil Langford

Chris Mills

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 per share, initially of 6.0 pence, that increases progressively in line with inflation from 1 April 2015. The target dividend for the year to 31 March 2017 is 6.14 pence per share being the initial target of 6.0 pence per share adjusted for inflation.

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

 

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