John Laing Environmental Assets Grp John Laing Pension Trust - Proposed Sale of Shares (2411S)
08 March 2019 - 6:00PM
UK Regulatory
TIDMJLEN
RNS Number : 2411S
John Laing Environmental Assets Grp
08 March 2019
8 March 2019
This announcement is not an offer to sell, or an offer to
acquire or subscribe for ordinary shares in John Laing
Environmental Assets Group Limited in any jurisdiction. This
announcement shall not form the basis of or be relied on in
connection with or act as an inducement to enter into any contract
or commitment whatsoever.
John Laing Environmental Assets Group Limited
The John Laing Pension Trust Ltd - Proposed Sale of Shares
John Laing Environmental Assets Group Limited ("JLEN" or the
"Company") today announces that it has received notification from
The John Laing Pension Trust Ltd ("JLPT") of its intention to sell
up to 21,982,157 ordinary shares (the "JLPT Shares"), being JLPT's
entire holding in JLEN (the "Transaction").
The JLPT Shares are being made available to investors through a
bookbuilding process being co-ordinated by Winterflood which will
be launched immediately following this Announcement.
The bookbuild is expected to close at 1:00 p.m. on 13 March 2019
but may close earlier or later at the discretion of Winterflood.
The settlement date is expected to be 8.00 a.m. on 15 March
2019.
For the avoidance of doubt, the JLPT Shares rank pari passu with
the ordinary shares in the capital of the Company, including the
right to receive all future dividends and distributions declared,
made or paid.
For further information please contact:
John Laing Capital Management Limited
Chris Tanner
Chris Holmes +44(0)20 7901 3559
Winterflood Securities Limited
Darren Willis +44(0)20 3100 0258
Innes Urquhart +44(0)20 3100 0265
Neil Langford +44(0)20 3100 0000
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
LEI: 213800JWJN54TFBMBI68
Important Information
This announcement contains information that is inside
information for the purposes of the Market Abuse Regulation (EU)
No. 596/2014, and is being made by the Company solely to comply
with its regulatory disclosure obligations.
The content of this announcement has been prepared by and is the
sole responsibility of the Company.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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