Jlen Environmental Assets Grp Restructuring of Investment Advisory Arrangements (5539C)
11 February 2020 - 6:02PM
UK Regulatory
TIDMJLEN
RNS Number : 5539C
Jlen Environmental Assets Grp
11 February 2020
11 February 2020
JLEN Environmental Assets Group Limited
Restructuring of Investment Advisory Arrangements
The Board of JLEN Environmental Assets Group Limited ("JLEN" or
the "Company") announces that, following an internal restructuring
at Foresight Group, Foresight Group LLP ("Foresight") has replaced
Foresight Group CI Limited ("Foresight CI") as investment adviser
to JLEN.
As announced by the Company on 5 June 2019, Foresight CI was
appointed as investment adviser to JLEN with effect from 1 July
2019. Foresight CI appointed Foresight, an English law incorporated
limited liability partnership that is authorised and regulated by
the Financial Conduct Authority, as sub-investment adviser to
provide investment advice to Foresight CI in respect of the
Company.
This sub-investment advisory arrangement has now been terminated
and the Company has entered into a new investment advisory
agreement with Foresight (the "New Investment Advisory Agreement").
The material terms and fees contained in the New Investment
Advisory Agreement are the same as in the previous investment
advisory agreement with Foresight CI. The team members providing
investment advisory services to the Company will not change as a
result of this restructuring.
For further information please contact:
Foresight Group
Chris Tanner
Chris Holmes +44(0)20 7901 3559
Winterflood Securities Limited
Neil Langford
Chris Mills +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.
JLEN's aim is to provide investors with an annual dividend that
is sustainable and increases in line with inflation. The target
dividend for the year to 31 March 2020 is 6.66 pence per share. The
dividend is payable quarterly.
Further details of the Company can be found on its website
www.jlen.com.
LEI: 213800JWJN54TFBMBI68
The content of this announcement has been prepared by and is the
sole responsibility of the Company.
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END
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