Jlen Environmental: Acquisition of Praxis Fund Services by Sanne Group
07/12/2021 18:13
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RNS Number : 8933U JLEN Environmental Assets Group Ltd 07 December 2021
7 December 2021
JLEN Environmental Assets Group Limited
(the "Company")
Acquisition of Praxis Fund Services Limited by Sanne Group plc
The Company announces that, effective 3 December 2021, the fund services
division of the PraxisIFM Group, which included Praxis Fund Services Limited,
the Company Secretary and Administrator of the Company, was acquired by Sanne
Group plc. Effective 6 December 2021, the name of Praxis Fund Services Limited
has changed to Sanne Fund Services (Guernsey) Limited ("Sanne"). There are no
changes to the services provided to the Company by Sanne, or to the Company's
registered address, e-mail or telephone number.
For further information, please contact:
Foresight Group +44(0)20 3667 8100
Chris Tanner
Chris Holmes
Winterflood Investment Trusts +44(0)20 3100 0000
Neil Langford
Chris Mills
SEC Newgate +44(0)20 3757 6880
Elisabeth Cowell
Megan Kovach
Sanne Fund Services (Guernsey) Limited +44(0)1481 755530
Matt Falla
Gemma Woods
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;
· 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 2022 is 6.80(1) pence per share. The dividend is payable quarterly.
Further details of the Company can be found on its website www.jlen.com
(http://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.
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