John Laing Group plc Announcement of Disposal (0215Z)
12 December 2017 - 6:00PM
UK Regulatory
TIDMJLG
RNS Number : 0215Z
John Laing Group plc
12 December 2017
12 December 2017
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Announcement of Sale of Llynfi Wind Farm investment and
increased realisation level for 2017
John Laing Group plc, the international originator, active
investor and manager of infrastructure projects, announces that it
has agreed and completed the sale of its 100% investment in Llynfi
Wind Farm in Wales to John Laing Environmental Assets Group Limited
and that it is increasing its level of realisations for 2017.
The consideration, which is in line with the most recent
portfolio valuation, is GBP43 million (before costs).
As a result of the above realisation, together with realisations
already announced in the year to date of GBP256 million, the
Group's total realisations announced in 2017 amount to GBP299
million. No further realisations are expected in 2017.
Olivier Brousse, John Laing's Chief Executive Officer, said:
"We are pleased to announce a further disposal as we continue to
take advantage of strong demand for operating assets in order to
fund our pipeline of attractive investment opportunities. As
re-iterated in our pre-close update last week, our special dividend
is based on realisations, and these are well ahead of the guidance
of approximately GBP200 million we gave earlier in the year."
Further information
Analyst/investor enquiries:
Patrick O'D Bourke, Group
Finance Director +44 20 7901 3200
Media Enquiries:
James Isola, Maitland +44 20 7379 5151
This information is provided by RNS
The company news service from the London Stock Exchange
END
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