16
April 2024
JLEN ENVIRONMENTAL ASSETS GROUP
LIMITED
("JLEN" or the "Company")
Potential acquisition by
Refuels of non-controlling assets of CNG
portfolio
JLEN notes the announcement this morning by
ReFuels N.V. ("ReFuels") regarding discussions it has
held with the Foresight Group ("Foresight") relating to the potential
acquisition by ReFuels of the remaining part of the CNG station
portfolio it does not control ("CNG Portfolio"), and an equity and debt
capital raise it is planning to fund the transaction.
JLEN holds an interest in the CNG
Portfolio (representing approximately 3% of
the Company's portfolio) and confirms that Foresight has held
discussions with ReFuels regarding the
potential acquisition of Foresight's interests in the CNG Portfolio
(including JLEN's interest). Any transaction remains subject to the
agreement of terms acceptable to Foresight and JLEN and
there is no certainty that the Refuels fundraising
or the sale of the CNG Portfolio will proceed."
For further information, please
contact:
Foresight Group
Chris Tanner
Edward Mountney
Wilna de Villiers
|
+44(0)20 3667 8100
institutionalir@foresightgroup.eu
|
Winterflood Securities Limited
Neil Langford
|
+44(0)20 3100 0000
|
SEC
Newgate
Elisabeth Cowell
Alice Cho
Harry Handyside
|
+44 (0)20 3757 6882
Jlen@secnewgate.co.uk
|
Apex Fund and Corporate Services (Guernsey)
Limited
Matt Lihou
Matt Falla
|
+44 (0)20 3530 3600
|
About JLEN
JLEN's investment policy is to
invest in a diversified portfolio of Environmental Infrastructure.
Environmental Infrastructure is defined by the Company as
infrastructure assets, projects and asset-backed businesses that
utilise natural or waste resources or support more environmentally
friendly approaches to economic activity, support the transition to
a low carbon economy or which mitigate the effects of climate
change. Such investments will typically feature one or more of the
following characteristics:
· long-term, predictable cash flows,
which may be wholly or partially inflation-linked cash flows;
· long-term contracts or stable and well-proven regulatory and
legal frameworks; or
· well-established technologies, and demonstrable operational
performance.
JLEN's aim is to provide investors
with a sustainable, progressive dividend per share, paid quarterly
and to preserve the capital value of the portfolio over the long
term on a real basis. The target dividend for the year to 31 March
2024 is 7.57 pence per share1.
JLEN is an Article 9 fund under the
EU Sustainable Finance Disclosure Regulation and has a transparent
and award winning approach to ESG.
Further details of the Company can
be found on its website www.jlen.com
LEI:
213800JWJN54TFBMBI68
(1) These are targets only and not profit forecasts. There
can be no assurance that these targets will be met or that the
Company will make any distributions at all.