John Laing Environmental Assets Grp Result of Placing (3863K)
07 July 2017 - 4:00PM
UK Regulatory
TIDMJLEN
RNS Number : 3863K
John Laing Environmental Assets Grp
07 July 2017
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR
INDIRECTLY, TO U.S. PERSONS OR INTO OR IN THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR SOUTH AFRICA.
7 July 2017
John Laing Environmental Assets Group Limited
Result of Placing
Further to the announcement on 15 June 2017, the Board of John
Laing Environmental Assets Group Limited ("JLEN" or the "Company")
announces that it has raised GBP40 million through the issue of
38,834,951 New Ordinary Shares at a price of 103 pence per New
Ordinary Share ("Issue Price"). The Placing was significantly
oversubscribed and applications have been scaled back in accordance
with the terms of the Placing.
The Company intends to use the net proceeds of the Placing to
repay its revolving credit facility and allow it to deliver on a
near term pipeline of attractive opportunities across a range of
environmental infrastructure sectors.
Application will be made to the Financial Conduct Authority for
admission of the New Ordinary Shares to the premium segment of the
Official List and to the London Stock Exchange plc for admission to
trading of the New Ordinary Shares on its main market for listed
securities ("Admission"). It is expected that Admission will become
effective on or around 8.00 a.m. on 12 July 2017 and that dealings
in the New Ordinary Shares will commence at that time.
The New Ordinary Shares will, when issued, be credited as fully
paid and rank pari passu with the existing Ordinary Shares in the
capital of the Company, including the right to receive all future
dividends and distributions declared, made or paid.
Immediately following Admission, the Company's issued share
capital will consist of 378,477,029 Ordinary Shares with voting
rights. This figure may be used by shareholders in determining the
denominator for the calculation by which they will establish if
they are required to notify their interest in, or a change to their
interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.
Terms used in this announcement shall, unless the context
otherwise requires, bear the meanings given to them in the
prospectus published by the Company on 16 December 2016 which can
be found on JLEN's website at www.jlen.com.
For further information please contact:
John Laing Capital Management
Limited
Chris Tanner
David Hardy +44(0)20 7901 3559
Winterflood Securities
Limited
Neil Langford
Chris Mills +44(0)20 3100 0000
Important Information
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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