John Laing Infrastructure Fund Completion of Acquisition (9167G)

TIDMJLIF

RNS Number : 9167G

John Laing Infrastructure Fund

01 June 2017

John Laing Infrastructure Fund Limited

Completion of Acquisition

JLIF, the FTSE 250 listed infrastructure investment company, is pleased to announce that it has completed the acquisition of a 50% interest in the Croydon and Lewisham Street Lighting project from John Laing Investments Limited (a wholly-owned subsidiary of John Laing Group plc ("John Laing")).

The 25-year PPP contract involves the replacement of 90% of the street lighting apparatus in the London Boroughs of Croydon and Lewisham, and the ongoing operations and maintenance of 48,000 lighting points. The project reached financial close in April 2011 and has been fully operational since November 2016.

The acquisition was made under the first offer arrangements between John Laing and JLIF and the consideration for the interest was approximately GBP8.2 million. The investment represents JLIF's ninth UK street lighting PPP project and brings the total number of assets in JLIF's portfolio to 63.

For further information, please contact:

   John Laing Capital Management                       020 7901 3326 

David Hardy

Gianluca Mazzoni

   Finsbury                                                             020 7251 3801 

Nidaa Lone

This information is provided by RNS

The company news service from the London Stock Exchange

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June 01, 2017 11:13 ET (15:13 GMT)