Net Asset Value and Dividend Declaration

RNS Number : 7576P

John Laing Environmental Assets Grp

31 May 2018

 

31 May 2018

JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED

("JLEN" or the "Company")

Net Asset Value, Dividend and Notices of Annual Results Announcement and Capital Market Event

JLEN, the listed environmental infrastructure fund, announces that its unaudited Net Asset Value as at 31 March 2018 is £392.4 million (99.6 pence per share), an increase of 1.1 pence per share since the last published NAV as at 31 December 2017.

The Company also announces a quarterly interim dividend of 1.5775 pence per share for the period from 1 January 2018 to 31 March 2018.

Together with the interim dividends paid during the financial year to date of 4.7325 pence per share, the Company will have paid total dividends of 6.31 pence per share in respect of the year ended 31 March 2018, in line with the dividend target set out in the 2017 Annual Report.

Dividend Timetable

Ex-dividend date 7 June 2018

Record date 8 June 2018

Payment date 22 June 2018

The Company also announces an increase in the target dividend for the upcoming financial year to 6.51p pence per share, in line with inflation for the financial year to 31 March 2018.

The Company intends to announce its audited results for the year ended 31 March 2018 on 14 June 2018. A conference call for analysts will take place at 09.00am. To register for the call please contact Redleaf Communications on [phone], or by email on [e-mail].

Anaerobic Digestion Capital Markets Event

As announced on 23 May, JLEN is also holding a Capital Markets Event on Tuesday 19 June 2018 from 08:30am to 10:30am.

The event, which is for analysts and institutional investors, will aim to explain the investment opportunities in the Anaerobic Digestion sector, and include presentations from JLEN's portfolio management team and Future Biogas, the Company's anaerobic digestion partner.

If you are interested in attending the Capital Markets Event at Redleaf Communications, Sky Light City Tower, 50 Basinghall Street, London, EC2V 5DE please contact [e-mail].

For further details contact:

John Laing Capital Management Limited	020 7901 3559
Chris Tanner
Chris Holmes
Winterflood Investment Trusts	020 3100 0000
Neil Langford
Chris Mills
Redleaf Communications	020 3757 6880
Charlie Geller

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's aim is 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 2019 is 6.51 pence per share. The dividend is payable quarterly.

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

LEI: 213800JWJN54TFBMBI68

 

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