The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJLEN Regulatory News (JLEN)

Share Price Information for JLEN (JLEN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 90.30
Bid: 89.70
Ask: 90.30
Change: -0.10 (-0.11%)
Spread: 0.60 (0.669%)
Open: 90.60
High: 90.60
Low: 89.80
Prev. Close: 90.40
JLEN Live PriceLast checked at -
JLEN Environmental Assets Group is an Investment Trust

To provide shareholders with a sustainable dividend, that increases progressively in line with inflation, and to preserve the capital value of its portfolio on a real basis over the long term through the reinvestment of cash flows.

Find out More

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Acquisition

29 Aug 2017 07:00

RNS Number : 0695P
John Laing Environmental Assets Grp
29 August 2017
 

 

29 August 2017

 

JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED

("JLEN" or the "Company")

 

Acquisition of Vulcan Renewables Anaerobic Digestion plant

 

JLEN, the listed environmental infrastructure fund, is pleased to announce the acquisition of Vulcan Renewables Ltd for a total consideration, including working capital, of £15.3 million.

The acquisition, in partnership with experienced operator Future Biogas Ltd, is the Company's first investment in the anaerobic digestion sector, further diversifying the Company's portfolio of environmental infrastructure projects including, wind, solar, waste and wastewater. Vulcan Renewables has been acquired from Venture Capital Trusts managed by Downing LLP having provided the original funding into the business in 2012.

The plant, located in Hatfield Woodhouse near Doncaster, was commissioned in October 2013, and was one of the first commercial biogas-to-grid projects in the UK. It has a capacity of 5MWth and predominantly produces biomethane. In addition, the plant also has a 0.5MWe CHP engine and is accredited under the Renewable Heat Incentive (RHI) and Feed-in-Tariff (FiT).

This acquisition brings the total capacity of the renewable energy assets in the JLEN portfolio to 230.2 MW.

The acquisition was funded by a draw-down under the Company's revolving credit facility.

Richard Morse, the Chairman of JLEN, said "We are pleased to make our first investment in the anaerobic digestion sector through Vulcan Renewables, a project with a proven operational history. With its RPI-linked RHI and FiT revenue streams, the project adds to the diversification of the JLEN portfolio."

 

For further details contact:

 

John Laing Capital Management Limited 020 7901 3559

Chris Tanner

David Hardy

 

Winterflood Investment Trusts 020 3100 0000

Joe Winkley

Neil Langford

 

Redleaf Polhill 020 7382 4769

Charlie Geller

Harriet Lynch

 

About JLEN

JLEN's investment policy is to invest in environmental infrastructure projects that have the benefit of long-term, predictable, wholly or partially inflation-linked cash flows supported by long-term contracts or stable regulatory frameworks.

 

Environmental Infrastructure is defined by the Company as infrastructure projects that utilise natural or waste resources or support more environmentally-friendly approaches to economic activity. This could involve the generation of renewable energy (including solar, wind, hydropower and biomass technologies), the supply and treatment of water, the treatment and processing of waste, and projects that promote energy efficiency.

 

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

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQEAKPSAFPXEFF
Date   Source Headline
28th Feb 20225:06 pmRNSTotal Voting Rights
14th Feb 20227:00 amRNSNet Asset Value and Dividend
28th Jan 20227:00 amRNSResult of Issue
12th Jan 20227:00 amRNSProposed Issue
11th Jan 20227:00 amRNSAppointment of Foresight Group LLP as AIFM
10th Jan 20227:00 amRNSDivestment of French wind assets
23rd Dec 20219:49 amRNSDirector Declaration
7th Dec 20216:14 pmRNSAcquisition of Praxis Fund Services by Sanne Group
26th Nov 20214:32 pmRNSDirector/PDMR Shareholding
25th Nov 20217:00 amRNSHalf-year Report
2nd Nov 20217:00 amRNSNotice of Results
2nd Sep 20213:51 pmRNSResult of AGM, Directorate Change
5th Aug 20212:46 pmRNSUpdate research from QuotedData
4th Aug 20217:00 amRNSNet Asset Value and Dividend
24th Jun 20213:19 pmRNSNotice of AGM
14th Jun 20217:00 amRNSAcquisition
10th Jun 20217:02 amRNSAnnual Financial Report
9th Jun 20217:00 amRNSDirectorate Change
28th May 20214:30 pmRNSTotal Voting Rights
26th May 20217:00 amRNSESG Linked Revolving Credit Facility
25th May 20217:00 amRNSNotice of Results
20th May 20213:44 pmRNSHolding(s) in Company
19th May 20219:53 amRNSHolding(s) in Company
18th May 20214:48 pmRNSTotal Voting Rights
18th May 20217:00 amRNSAcquisition
13th May 20217:00 amRNSResult of Placing
5th May 20217:00 amRNSProposed Placing
4th May 20217:00 amRNSAcquisition
4th May 20217:00 amRNSAcquisition of First Battery Storage Asset
30th Apr 20217:00 amRNSNet Asset Value and Dividend Declaration
23rd Mar 20217:00 amRNSAcquisition
8th Mar 202111:22 amRNSResult of EGM
3rd Mar 20217:00 amRNSAcquisition
24th Feb 20217:00 amRNSNotice of Capital Markets Day
16th Feb 202112:28 pmRNSUpdate research from QuotedData
16th Feb 20217:00 amRNSPublication of Shareholder Circular, Notice of EGM
15th Feb 202110:09 amRNSDirector Declaration
12th Feb 20217:00 amRNSNet Asset Value and Dividend Declaration
4th Feb 20217:00 amRNSAcquisition
4th Dec 20201:17 pmRNSAcquisition
26th Nov 20207:00 amRNSHalf-year Results, Dividend Declaration
27th Oct 20207:00 amRNSNotice of Results
18th Sep 20207:00 amRNSAcquisition
15th Sep 20206:00 pmRNSHolding(s) in Company
3rd Sep 20202:22 pmRNSResult of AGM and Directorate Change
18th Aug 20207:00 amRNSNet Asset Value and Dividend Declaration
7th Aug 20204:38 pmRNSDirector Declaration
30th Jun 20205:12 pmRNSNotice of AGM
11th Jun 20204:25 pmRNSDirectorate Change
11th Jun 20207:00 amRNSAnnual Financial Report

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.