Placing Programme and Notice of EGM

RNS Number : 1100Q

John Laing Environmental Assets Grp

25 November 2016

 

25 November 2016

John Laing Environmental Assets Group Limited

Placing Programme of up to 150m Ordinary Shares

On 23 November 2016, John Laing Environmental Assets Group Limited ("JLEN" or the "Company") published its interim results for the six months to 30 September 2016, in which the Company stated that it was considering a placing programme to enable the Company to issue new ordinary shares either by way of a series of placings, further tap issuance or a combination of both (the "Placing Progamme").

The Board is today pleased to confirm that JLEN is proposing to issue up to 150 million new ordinary shares pursuant to the Placing Programme.

The net proceeds of any issuance undertaken pursuant to the Placing Programme will be used to repay amounts drawn under the Facility and/or to fund acquisition opportunities in accordance with the Company's investment policy, subject to the circumstances at the time of each Issue.

The Company has today published and posted to Shareholders a circular convening an extraordinary general meeting to seek Shareholder approval for the disapplication of the pre-emption rights contained in the Articles in relation to the Placing Programme by way of a special resolution (the "General Meeting") (the "Circular"). The General Meeting will be held at Sarnia House, Le Truchot, St Peter Port, Guernsey GY1 1GR at 10.00 a.m. on 15 December 2016.

The Circular will shortly be available on the Company's website at www.jlen.com and on the National Storage Mechanism at http://www.morningstar.co.uk/uk/NSM. The Circular will also be made available at the Company's offices at Sarnia House, Le Truchot, St Peter Port, Guernsey GY1 1GR.

A Prospectus in connection with the Placing Programme is expected to be published in due course.

Winterflood Securities Limited is acting as sponsor and bookrunner to the Company.

Terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the Circular.

For further information please contact:

John Laing Capital Management Limited David Hardy Chris Tanner	Telephone: [phone]
Winterflood Securities Limited Neil Langford Chris Mills	Telephone: [phone]

This announcement contains information that is inside information for the purposes of the Market Abuse Regulation (EU) No. 596/2014.

 

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