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JLEN Jlen Environmental Assets Group Limited

87.90
2.90 (3.41%)
Last Updated: 09:28:12
Delayed by 15 minutes
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
  2.90 3.41% 87.90 87.40 87.90 88.30 85.90 88.30 295,258 09:28:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investment Advice 108.45M 98.3M 0.1486 5.94 584.13M

JLEN Environmental Assets Group Ltd Potential acquisition of CNG portfolio

16/04/2024 11:19am

RNS Regulatory News


RNS Number : 8193K
JLEN Environmental Assets Group Ltd
16 April 2024
 

16 April 2024

 

JLEN ENVIRONMENTAL ASSETS GROUP LIMITED

("JLEN" or the "Company")

 

Potential acquisition by Refuels of non-controlling assets of CNG portfolio

JLEN notes the announcement this morning by ReFuels N.V. ("ReFuels") regarding discussions it has held with the Foresight Group ("Foresight") relating to the potential acquisition by ReFuels of the remaining part of the CNG station portfolio it does not control ("CNG Portfolio"), and an equity and debt capital raise it is planning to fund the transaction.

JLEN holds an interest in the CNG Portfolio (representing approximately 3% of the Company's portfolio) and confirms that Foresight has held discussions with ReFuels regarding the potential acquisition of Foresight's interests in the CNG Portfolio (including JLEN's interest). Any transaction remains subject to the agreement of terms acceptable to Foresight and JLEN and there is no certainty that the Refuels fundraising or the sale of the CNG Portfolio will proceed."

 

For further information, please contact: 

 

Foresight Group

Chris Tanner
Edward Mountney 
Wilna de Villiers

+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 2024 is 7.57 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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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