Jlen Environmental: Directorate Change
02/08/2022 07:00
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RNS Number : 4979U JLEN Environmental Assets Group Ltd 02 August 2022
2 August 2022
JLEN Environmental Assets Group Limited
Director and Chair Appointment
The Board of JLEN Environmental Assets Group Limited ("JLEN" or the "Company")
is pleased to announce that Ed Warner, OBE has been appointed Chair of JLEN
with effect from 2 August 2022, succeeding Richard Morse who stepped down on
15 July 2022.
Ed brings extensive financial services experience from his time spent in
senior positions at several investment banks and financial institutions,
including IFX Group, Old Mutual, NatWest Markets, and Dresdner Kleinwort
Benson. He also has considerable investment trust experience, having been
Chair of both Standard Life Private Equity Trust plc and Blackrock Energy and
Resources Income Trust. He is currently Chair of HarbourVest Global Private
Equity Limited. Ed has also previously served as Chair of Air Partner plc and
non-executive director and interim Chair of Clarkson plc.
Richard Ramsay, Senior Independent Director, commented:
"I am pleased to welcome Ed to the JLEN Board. He brings deep knowledge of
financial markets and the investment trust sector and is well placed to lead
the board in the future as JLEN, now a FTSE 250 company, continues to invest
in the environmental infrastructure sector."
Ed Warner commented:
"I am delighted to join the board at JLEN and look forward to working with the
Board and team at Foresight to continue to diversify our portfolio and grow
the company and deliver excellent returns for shareholders in this vital asset
class."
No further disclosures are required for Ed Warner in respect of paragraphs
9.6.13 of the Financial Conduct Authority's Listing Rules.
For further information please contact:
Foresight Group +44(0)20 7901 3559
Chris Tanner
Chris Holmes
Winterflood Securities Limited +44(0)20 3100 0000
Neil Langford
Chris Mills
SEC Newgate +44 (0)20 3757 6882
Elisabeth Cowell/Axaule Shukanayeva/
Max Richardson
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 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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