Share Name Share Symbol Market Type Share ISIN Share Description
Jlen Environmental Assets Group Limited LSE:JLEN London Ordinary Share GG00BJL5FH87 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 102.40 102.40 102.60 102.60 102.40 102.60 171,631 11:08:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 8.1 1.5 68.3 616

JLEN Environmental Assets Group Ltd Directorate Change

09/06/2021 7:00am

UK Regulatory (RNS & others)

Jlen Environmental Assets (LSE:JLEN)
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RNS Number : 2349B

JLEN Environmental Assets Group Ltd

09 June 2021

9 June 2021

JLEN Environmental Assets Group Limited

Board Changes

The Board of JLEN Environmental Assets Group Limited ("JLEN" or the "Company") is pleased to announce the appointments of Alan Bates and Jo Harrison as Directors of the Company. These appointments will commence from 10 June 2021. In line with the Comp any's suc cession plan, Peter Neville, Director and Chair of the Audit Committee, has indicated his intention to stand down from the Board following the Company's AGM in September 2021.

Alan Bates

Alan is a Guernsey resident who brings considerable operational and technical experience to the Company, particularly from his current positions as Chief Executive Officer of Guernsey Electricity Limited, as Chairman of the Channel Islands Electricity Grid and as a Board Advisor to Guernsey Water. Alan's previous experience included senior positions in the oil and gas and electrical engineering sectors, following an extensive career as an electrical engineer. Upon appointment, it is intended that Alan joins the membership of the Company's Audit Committee and the Company's Risk Committee.

Jo Harrison

Jo is a UK reside nt who b rings a wealth of ESG and leadership experience to the Company. J o is Director of Environment, Planning and Innovation at United Utilities and has over 20 years' experience working in the water industry. Jo is a chartered member of the Institute of Water and Environmental Managers and is a Chartered Environmentalist. Jo is also a trustee of the Community Forest Trust and a trustee of the Rivers Trust. Upon appointment, it is intended that Jo joins the membership of the Company's Risk Committe e and it is intended that Jo will lead a newly established committee of the Board to focus on ESG matters.

Richard Morse, Chairman, said:

"We are delighted to welcome Alan and Jo to the Board and believe that Alan's extensive operational background and skill s and Jo's wide-ranging ESG experience will complement and broaden the diversity of skills and experience represented on the Board. We are confident that Alan and Jo will be positive additions to the Company. Noting Peter's intention to resign in September, we thank Peter for his contribution to the Company. Peter has been a highly valued Board member and we shall miss his wisdom and diligence when he steps down. He will be succeeded as Chair of the Audit Committee by Stephanie Coxon."

No further disclosures are required for Alan Bates or Jo Harrison in respect of paragraphs 9.6.13 of the Financial Conduct Authority's Listing Rules.

For further information please contact:

 Foresight Group 
  Chris Tann er 
  Chris Holmes                     +44(0)20 7901 3559 
 Winterflood Securities Limited 
  Neil Langford 
  Chris Mills                       +44(0)20 3100 0000 
 SEC Newgate UK 
  Elisabeth Cowell 
  Megan Kovach                     +44 (0)20 3757 6882 
 Praxis Fund Services 
  Matt Falla 
  Gemma Woods                      +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 2022 is 6.80(1) pence per share. The dividend is payable quarterly.

Further details of the Company can be found on its website www.jlen.com


(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) Dow Jones Newswires

June 09, 2021 02:00 ET (06:00 GMT)

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