Directorate Change

RNS Number : 5066P

JLEN Environmental Assets Group Ltd

10 February 2023

 

10 February 2023

JLEN Environmental Assets Group Limited

Director Appointment

JLEN Environmental Assets Group Limited ("JLEN " or the "Company " ) is pleased to announce that Nadia Sood has been appointed to the Board as a Non-Executive Director with effect from 10 February 2023.

Nadia brings extensive experience of executing and managing complex infrastructure investments ranging in size across multiple international markets. She has held a senior role within a Joint Venture with Tata Power, has been a director at Nestlé and is a member of the Governing Council of the IFC/World Bank SME Finance Forum. She is currently the CEO of CreditEnable, an award-winning global credit insights and technology solutions company.

Nadia holds a Bachelor of Science in Foreign Service from The Edmund A. Walsh School of Foreign Service at Georgetown University in Washington DC, and a Masters in International Affairs from Columbia University, New York. She is fluent in English, French and Norwegian.

Ed Warner, Chair, commented:

'I am delighted to welcome Nadia to the JLEN Board. She brings a wealth of experience that will bring new perspectives and capabilities to the Board, enhancing our work on behalf of JLEN's shareholders. Nadia's appointment is the outcome of a rigorous, open recruitment process.'

No further disclosures are required for Nadia Sood 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 Ed Mountney	[phone]
Winterflood Securities Limited Neil Langford Chris Mills	[phone]
SEC Newgate Elisabeth Cowell Axaule Shukanayeva	[phone]
Sanne Fund Services (Guernsey) Limited Matt Falla Gemma Berry	[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.

JLEN is an Article 9 fund under the EU Sustainable Finance Disclosure Regulation and has a transparent and award winning approach to ESG.

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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