JLEN Environmental Assets Group Ltd Net Asset Value Uplift (6931K)

TIDMJLEN

RNS Number : 6931K

JLEN Environmental Assets Group Ltd

09 May 2022

9 May 2022

JLEN ENVIRONMENTAL ASSETS GROUP LIMITED

("JLEN" or the "Company")

Net Asset Value Uplift

The Company expects to announce its unaudited Net Asset Value ("NAV") as at 31 March 2022 in mid-May 2022. While the Company has yet to finalise the 31 March 2022 NAV, the initial indication is that there will be a material increase in the NAV relative to 31 December 2021. An uplift in the range of 13 to 15 per cent is anticipated, although the portfolio valuation remains subject to independent third-party review as part of JLEN's usual year-end process.

The NAV uplift is driven primarily by a combination of higher short term power prices and inflation expectations in addition to gains from moving certain assets from acquisition cost to a discounted cashflow (DCF) valuation basis in accordance with JLEN's valuation policy.

JLEN will provide further information in the Q1 2022 NAV update announcement, expected in mid-May.

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 
 Chris Holmes                   [phone] 
Winterflood Investment Trusts 
 Neil Langford 
 Chris Mills                    [phone] 
SEC Newgate 
 Elisabeth Cowell               [phone] 
Sane Fund Services 
 Matt Falla 
 Gemma Woods                    [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; 
   --    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 .

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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May 09, 2022 13:10 ET (17:10 GMT)