Dividend and Possible Equity Fund-raising
20 April 2015
John Laing Environmental Assets Group Limited
Interim dividend, possible equity fund-raising and notice of results
Dividend
John Laing Environmental Assets Group Limited (the "Company" or "JLEN") today announces an interim dividend of 3.0 pence per share for the period from 1 October 2014 to 31 March 2015, which will be paid on 12 June 2015 to shareholders on the register as at the close of business on 15 May 2015. The ex-dividend date will be 14 May 2015. This dividend is in line with the target set out in the IPO Prospectus dated 19 February 2014. No scrip or other alternative will be offered in respect of this dividend.
Current trading
The financial performance for the period to 31 March 2015 has been in line with expectations and the Board expects the Company's NAV per share as at 31 March 2015 to be broadly in line with the NAV per share as at 30 September 2014.
Possible equity fund-raising
JLEN recently announced the acquisition of three assets for £42.5m, financedby the Company's £50m credit facility, and has a good pipeline of acquisition opportunities, both from the John Laing Group under the "First Offer Agreement" and also from third parties. The Company is therefore considering a possible equity offering in order to free up its credit facility and to provide additional capacity for future acquisitions. Further details of any fund-raising will be announced in due course.
Notice of Results
The Company expects to publish its annual results for the year ended 31 March 2015 on 4 June 2015. For further details contact:
John Laing Capital Management Limited 020 7901 3559
David Hardy
Chris Tanner
Winterflood Investment Trusts 020 3100 0000
Joe Winkley
Darren Willis
Neil Langford
Redleaf Polhill 020 7382 4769
Rebecca Sanders-Hewett
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.
Further details of the Company can be found on its website www.jlen.com
This information is provided by RNS
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