The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Net Asset Value

9 Feb 2015 07:00

RNS Number : 3370E
John Laing Environmental Assets Grp
09 February 2015
 



 

9 February 2015

 

JOHN LAING ENVIRONMENTAL ASSETS GROUP LIMITED

("JLEN" or the "Company")

 

 Net Asset Value Announcement

 

JLEN, the listed environmental infrastructure fund, announces its unaudited Net Asset Value as at 31 December 2014 is £159.4m or 99.6p per share, an ex-dividend increase of 1.4p per share since 30 September 2014 (101.2p or 98.2p ex-dividend).

The weighted average discount rate of the Portfolio as at 31 December 2014 was 9.2% (30 September 2014: 9.2%). Power price assumptions are based on longterm forecasts from an established market consultant and other relevant information, and adjusted by John Laing Capital Management Limited for project specific arrangements.

Other highlights for the quarter to 31 December 2014 are as follow:

· Financial performance of portfolio in line with management expectations

· Revolving Credit Facility of £50m signed in October 2014 giving flexibility for further acquisitions

· Interim dividend of 3.0p per share for the period to 30 September 2014 declared in November 2014 and paid on 19 December 2014

· Strong pipeline of assets for further growth and First Offer Agreement with John Laing plc

 

 

 

Ends

 

For Further Details Contact:

John Laing Capital Management Limited

David Hardy

Chris Tanner

 

020 7901 3559

Redleaf Polhill

Rebecca Sanders-Hewett

Charlie Geller

020 7382 4769

 

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
 
 
NAVSSUFMMFISEDE

Related Shares

Back to RNS

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.