Completion of first acquisitions

RNS Number : 9151D

John Laing Environmental Assets Grp

03 April 2014

 



3 April 2014

JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED ("JLEN")

Completion of first acquisitions

John Laing Environmental Assets Group Limited (JLEN), which manages a balanced portfolio of environmental infrastructure projects, has completed the acquisition of the Dumfries & Galloway Waste Project and the Hall Farm Wind Project from John Laing Group. JLEN has also completed the acquisition of the Tay Wastewater Project from Henderson Secondary PFI Fund. The total consideration for the acquisitions was £43.1 million.

These acquisitions are the first investments in JLEN's seed portfolio to be completed by JLEN following its successful placing, offer for subscription and admission to the main market of the London Stock Exchange on Monday 31 March 2014. JLEN expects to complete further acquisitions in the near term.

Ends

For Further Details Contact:

John Laing Capital Management Limited David Hardy Chris Tanner	020 7901 3200
Barclays Bank PLC (Sole Global-Coordinator, Sole Bookrunner and Sponsor) Richard Probert Iain Smedley Ben West	020 7623 2323
Winterflood Securities Limited (Co-Lead Manager) Darren Willis James Moseley	020 3100 0000
Redleaf Polhill Rebecca Sanders-Hewett Henry Columbine Charlie Geller	020 7382 4769

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. JLEN will acquire a seed portfolio of interests in UK based solar, onshore wind, waste processing and wastewater projects on or around Admission.

 

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