John Laing Environmental Assets Grp Placing Programme and Notice of EGM (1100Q)
25 November 2016 - 6:00PM
UK Regulatory
TIDMJLEN
RNS Number : 1100Q
John Laing Environmental Assets Grp
25 November 2016
25 November 2016
John Laing Environmental Assets Group Limited
Placing Programme of up to 150m Ordinary Shares
On 23 November 2016, John Laing Environmental Assets Group
Limited ("JLEN" or the "Company") published its interim results for
the six months to 30 September 2016, in which the Company stated
that it was considering a placing programme to enable the Company
to issue new ordinary shares either by way of a series of placings,
further tap issuance or a combination of both (the "Placing
Progamme").
The Board is today pleased to confirm that JLEN is proposing to
issue up to 150 million new ordinary shares pursuant to the Placing
Programme.
The net proceeds of any issuance undertaken pursuant to the
Placing Programme will be used to repay amounts drawn under the
Facility and/or to fund acquisition opportunities in accordance
with the Company's investment policy, subject to the circumstances
at the time of each Issue.
The Company has today published and posted to Shareholders a
circular convening an extraordinary general meeting to seek
Shareholder approval for the disapplication of the pre-emption
rights contained in the Articles in relation to the Placing
Programme by way of a special resolution (the "General Meeting")
(the "Circular"). The General Meeting will be held at Sarnia House,
Le Truchot, St Peter Port, Guernsey GY1 1GR at 10.00 a.m. on 15
December 2016.
The Circular will shortly be available on the Company's website
at www.jlen.com and on the National Storage Mechanism at
http://www.morningstar.co.uk/uk/NSM. The Circular will also be made
available at the Company's offices at Sarnia House, Le Truchot, St
Peter Port, Guernsey GY1 1GR.
A Prospectus in connection with the Placing Programme is
expected to be published in due course.
Winterflood Securities Limited is acting as sponsor and
bookrunner to the Company.
Terms used in this announcement shall, unless the context
otherwise requires, bear the meanings given to them in the
Circular.
For further information please contact:
John Laing Capital Management Telephone: +44(0)20 7901
Limited 3559
David Hardy
Chris Tanner
Winterflood Securities Telephone: +44(0)20 3100
Limited 0000
Neil Langford
Chris Mills
This announcement contains information that is inside
information for the purposes of the Market Abuse Regulation (EU)
No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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