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John Laing Environ (JLEN)

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Monday 12 February, 2018

John Laing Environ

Publication of Circular & Notice of EGM

RNS Number : 5169E
John Laing Environmental Assets Grp
12 February 2018
 

12 February 2018

 

John Laing Environmental Assets Group Limited

 

Proposed Issuance Programme, Publication of Circular

and Notice of Extraordinary General Meeting

 

 

The Board of John Laing Environmental Assets Group Limited ("JLEN" or the "Company") today announces the Company's intention to launch a share issuance programme for up to 200 million New Ordinary Shares (the "Issuance Programme"). Issues under the Issuance Programme may be undertaken by way of a placing, an offer for subscription and/or an intermediaries offer (or any combination thereof). A prospectus relating to the Issuance Programme is expected to be published before the end of February 2018.

 

The net proceeds of each Issue undertaken pursuant to the Issuance 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 New Ordinary Shares issued under the Issuance Programme will be offered on a non-pre-emptive basis and so the Company has today published and posted to Shareholders a circular (the "Circular") convening an extraordinary general meeting to seek Shareholder approval for the disapplication of the pre-emption rights contained in the Articles by way of a special resolution (the "General Meeting"). The General Meeting will be held at Sarnia House, Le Truchot, St Peter Port, Guernsey, at 10.30 a.m. on 2 March 2018.

 

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.

 

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

Chris Tanner

Chris Holmes

 

+44(0)20 7901 3559

 

Winterflood Securities Limited

Neil Langford

Chris Mills

 

+44(0)20 3100 0000

 

Praxis Fund Services Limited

Matt Falla

 

+44(0)1481 755530

 

 

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


This information is provided by RNS
The company news service from the London Stock Exchange
 
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