Jlen Environmental: Board Changes
15/06/2022 11:06
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RNS Number : 9787O JLEN Environmental Assets Group Ltd 15 June 2022
15 June 2022
JLEN Environmental Assets Group Limited
Board Changes
The Board of JLEN Environmental Assets Group Limited ("JLEN" or the "Company")
announces that Richard Morse has confirmed his intention to step down as
non-Executive Chair of the Company, effective 15 July 2022, having served as a
Director of the Company for nearly nine years.
The recruitment process for Richard's successor as Chair is in advanced stages
and the Directors look forward to announcing the conclusion shortly. The Board
would like to thank Richard for his commitment and dedication to the Company
since its launch, and to wish him every success for the future.
Richard Ramsay, Senior Independent Director, said:
"We are grateful to Richard for his time and effort whilst on the Board of
JLEN. As one of the Company's founding Directors, Richard has been
instrumental in shaping the Board and driving effective governance through his
collegiate and thoughtful leadership."
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 6882
Elisabeth Cowell
Sanne Fund Services +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 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 2023 is 7.14 pence per share(1). 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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