Change of Adviser

RNS Number : 0407E

John Laing Environmental Assets Grp

01 July 2019

 

1 July 2019

JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED

("JLEN" or the "Company")

Change of Investment Adviser

Further to the announcement on 5 June 2019 advising of the proposed change of investment adviser to the Company from John Laing Capital Management Limited to Foresight Group CI Limited, The Board is pleased to confirm that the change of investment adviser took effect today, 1 July 2019.

For further information, please contact:

John Laing Capital Management Limited Chris Tanner Chris Holmes	[phone]
Winterflood Investment Trusts  Neil Langford Chris Mills	[phone]
Newgate Communications Elisabeth Cowell Ian Silvera	[phone]
Praxis Fund Services Matt Falla	[phone]

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 2020 is 6.66 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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