John Laing Pension Trust - Proposed Sale of Shares
8 March 2019
This announcement is not an offer to sell, or an offer to acquire or subscribe for ordinary shares in John Laing Environmental Assets Group Limited in any jurisdiction. This announcement shall not form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.
John Laing Environmental Assets Group Limited
The John Laing Pension Trust Ltd - Proposed Sale of Shares
John Laing Environmental Assets Group Limited ("JLEN" or the "Company") today announces that it has received notification from The John Laing Pension Trust Ltd ("JLPT") of its intention to sell up to 21,982,157 ordinary shares (the "JLPT Shares"), being JLPT's entire holding in JLEN (the "Transaction").
The JLPT Shares are being made available to investors through a bookbuilding process being co-ordinated by Winterflood which will be launched immediately following this Announcement.
The bookbuild is expected to close at 1:00 p.m. on 13 March 2019 but may close earlier or later at the discretion of Winterflood. The settlement date is expected to be 8.00 a.m. on 15 March 2019.
For the avoidance of doubt, the JLPT Shares rank pari passu with the ordinary shares in the capital of the Company, including the right to receive all future dividends and distributions declared, made or paid.
For further information please contact:
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John Laing Capital Management Limited Chris Tanner Chris Holmes
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+44(0)20 7901 3559
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Winterflood Securities Limited Darren Willis Innes Urquhart Neil Langford
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+44(0)20 3100 0258 +44(0)20 3100 0265 +44(0)20 3100 0000
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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
LEI: 213800JWJN54TFBMBI68
Important Information
This announcement contains information that is inside information for the purposes of the Market Abuse Regulation (EU) No. 596/2014, and is being made by the Company solely to comply with its regulatory disclosure obligations.
The content of this announcement has been prepared by and is the sole responsibility of the Company.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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