JLEN Environmental Assets Group Ltd Board Changes (4948S)
March 10 2023 - 1:00AM
UK Regulatory
TIDMJLEN
RNS Number : 4948S
JLEN Environmental Assets Group Ltd
10 March 2023
10 March 2023
JLEN Environmental Assets Group Limited
Board Changes
The Board of JLEN Environmental Assets Group Limited ("JLEN" or
the "Company") announces that Richard Ramsay has informed the Board
of his intention to step down as a non-Executive Director and
Senior Independent Director of the Company, effective 1 April 2023,
having served as a Director of the Company since its launch in
2014.
Following Richard's retirement, Stephanie Coxon will assume the
role of Senior Independent Director.
Ed Warner, Chair, said:
"On behalf of the Board and shareholders, I'd like to thank
Richard for his exemplary commitment to JLEN. As one of its
founding directors, he has served the Company with distinction,
enabling it to deliver strong returns for investors. We wish
Richard the very best for all his future endeavours."
For further information please contact:
Foresight Group
Chris Tann er
Chris Holmes
Ed Mountney +44(0)20 7901 3559
Winterflood Securities Limited
Neil Langford +44(0)20 3100 0000
SEC Newgate
Elisabeth Cowell
Axaule Shukanayeva +44 (0)20 3757 6882
Sanne Fund Services (Guernsey)
Limited
Matt Falla
Gemma Berry +44(0)1481 755530
About JLEN
JLEN's investment policy is to invest in a diversified portfolio
of Environmental Infrastructure. Environmental Infrastructure is
defined by the Company as infrastructure assets, projects and
asset-backed businesses that utilise natural or waste resources or
support more environmentally friendly approaches to economic
activity, support the transition to a low carbon economy or which
mitigate the effects of climate change. Such investments will
typically feature one or more of the following characteristics:
-- long-term, predictable cash flows, which may be wholly or
partially inflation-linked cash flows;
-- long-term contracts or stable and well-proven regulatory and
legal frameworks; or
-- well-established technologies, and demonstrable operational
performance
JLEN's aim is to provide investors with a sustainable,
progressive dividend per share, paid quarterly and to preserve the
capital value of the portfolio over the long term on a real basis.
The target dividend for the year to 31 March 2023 is 7.14 pence per
share (1) . The dividend is payable quarterly.
JLEN is an Article 9 fund under the EU Sustainable Finance
Disclosure Regulation and has a transparent and award winning
approach to ESG.
Further details of the Company can be found on its website www.jlen.com
LEI: 213800JWJN54TFBMBI68
(1) These are targets only and not profit forecasts. There can
be no assurance that these targets will be met or that the Company
will make any distributions at all.
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END
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