JLEN Environmental Assets Group Ltd Board Changes (4948S)

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                      [phone] 
 Winterflood Securities Limited 
  Neil Langford                     [phone] 
 SEC Newgate 
  Elisabeth Cowell 
  Axaule Shukanayeva               [phone] 
 Sanne Fund Services (Guernsey) 
  Limited 
  Matt Falla 
  Gemma Berry                      [phone] 
 

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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March 10, 2023 02:00 ET (07:00 GMT)