9 August 2024
JLEN Environmental Assets
Group Limited
("JLEN" or the
"Company")
Net Asset Value and Dividend
Announcement
Net Asset
Value
JLEN, the listed environmental infrastructure
fund, announces that its unaudited Net Asset Value ("NAV") at 30 June 2024 is £748.1 million
(113.1 pence per share), a decrease of 0.5 pence per share since 31
March 2024 after paying the quarterly dividend of 1.89 pence per
share.
Summary of
changes in NAV:
The table below summarises the changes in NAV
since 31 March 2024, with the main drivers being payment of the
aforementioned dividend partially offset by an increase in near
term power forecasts and reflection of actual asset performance and
unwind of the discount rate.
|
NAV per
share
|
NAV at 31 March 2024
|
113.6p
|
Dividends paid in the period
|
-1.9p
|
Power price forecasts
|
0.7p
|
Other movements (including actual
performance)
|
0.7p
|
NAV at 30 June
2024
|
113.1p
|
Dividend
The Company also announces a quarterly interim
dividend of 1.95 pence per share for the quarter ended 30 June
2024, in line with the dividend target of 7.80p per share for the
year to 31 March 2025, as set out in the 2024 Annual
Report.
Dividend
timetable
Ex-dividend date
|
5
September 2024
|
Record
date
|
6
September 2024
|
Payment
date
|
27
September 2024
|
This announcement contains information that is
inside information for the purposes of the Market Abuse Regulation
(EU) No. 596/2014.
For further information please
contact:
Foresight Group
Chris Tanner
Edward Mountney
Jennifer
Johnson---------
|
+44(0)20 3667 8100
institutionalir@foresightgroup.eu
|
Winterflood Securities Limited
Neil Langford
|
+44(0)20 3100 0000
|
SEC
Newgate
Elisabeth Cowell
Alice Cho
Harry Handyside
|
+44 (0)20 3757 6882
Jlen@secnewgate.co.uk
|
Apex Fund and Corporate Services (Guernsey)
Limited
Matt Lihou
Matt Falla
|
+44(0)20 3530 3600
|
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
2025 is 7.80 pence per share1.
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.