We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
John Laing Inf | LSE:JLIF | London | Ordinary Share | GG00B4ZWPH08 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 142.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMJLIF
RNS Number : 2022R
John Laing Infrastructure Fund
09 December 2016
9 December 2016
John Laing Infrastructure Fund Limited
Agreement of Acquisition
JLIF, the FTSE 250 listed infrastructure investment company, is pleased to announce that it has signed a Sale and Purchase Agreement with John Laing Infrastructure Limited (a wholly-owned subsidiary of John Laing Group plc ("John Laing")) in respect of the acquisition of a 100% interest in the A55 Llandegai to Holyhead road PPP project. The A55, running from Holyhead across north Wales, forms part of the Trans-European Transport Network, providing a vital connection between the Republic of Ireland, the United Kingdom and ultimately Continental Europe.
The acquisition is being made under the First Offer Agreement between John Laing and JLIF. The consideration for the acquisition is approximately GBP28.3 million and completion is subject to the customary consents. The consideration will be funded through a combination of cash and by drawing on JLIF's GBP180 million multi-currency revolving credit facility.
The transaction represents JLIF's fifth highway investment in the United Kingdom and will bring the total number of assets in JLIF's portfolio to 61.
Andrew Charlesworth from John Laing Capital Management ("JLCM"), Investment Adviser to JLIF, said:
"JLIF is pleased to have secured a 100% interest in this UK-based, operational road PPP project. The project benefits from a long operating history and shadow toll mechanism which reduces the sensitivity to variation in traffic volumes. JLIF is confident in the level of prudence in this regard with its assumptions of forecast revenues and costs."
For further information, please contact:
JLCM 020 7901 3326
Andrew Charlesworth
Finsbury 020 7251 3801
Philip Walters
Nidaa Lone
JLIF is one of Europe's largest listed infrastructure funds, trading on the London Stock Exchange. As an equity stakeholder, JLIF partners with public sector counterparties across the world to deliver key local and national infrastructure projects. In return these provide government-backed, inflation-linked revenue streams to our business. JLIF's continued success is built on a collaborative approach, centred on long term relationships with its clients such that their changing infrastructure needs can be met in a timely and cost effective way.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQFSAFSWFMSEIE
(END) Dow Jones Newswires
December 09, 2016 02:00 ET (07:00 GMT)
1 Year John Laing Infrastructure Chart |
1 Month John Laing Infrastructure Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions