Jlen Environmental: Board Changes
10/03/2023 07:00
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RNS Number : 4948S JLEN Environmental Assets Group Ltd 10 March 2023
10 March 2023
JLEN Environmental Assets Group Limited
Board Changes
The Board of JLEN Environmental Assets Group Limited ("JLEN" or the "Company")
announces that Richard Ramsay has informed the Board of his intention to step
down as a non-Executive Director and Senior Independent Director of the
Company, effective 1 April 2023, having served as a Director of the Company
since its launch in 2014.
Following Richard's retirement, Stephanie Coxon will assume the role of Senior
Independent Director.
Ed Warner, Chair, said:
"On behalf of the Board and shareholders, I'd like to thank Richard for his
exemplary commitment to JLEN. As one of its founding directors, he has
served the Company with distinction, enabling it to deliver strong returns
for investors. We wish Richard the very best for all his future endeavours."
For further information please contact:
Foresight Group +44(0)20 7901 3559
Chris Tanner
Chris Holmes
Ed Mountney
Winterflood Securities Limited +44(0)20 3100 0000
Neil Langford
SEC Newgate +44 (0)20 3757 6882
Elisabeth Cowell
Axaule Shukanayeva
Sanne Fund Services (Guernsey) Limited +44(0)1481 755530
Matt Falla
Gemma Berry
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.
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
(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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