Jlen Environmental: Net Asset Value and Dividend
04/08/2022 07:00
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RNS Number : 7986U JLEN Environmental Assets Group Ltd 04 August 2022
4 August 2022
JLEN ENVIRONMENTAL ASSETS GROUP LIMITED
("JLEN" or the "Company")
Net Asset Value and Dividend Announcement
Net Asset Value
JLEN, the listed environmental infrastructure fund, announces that its
unaudited Net Asset Value as at 30 June 2022 is £814.3million (123.1 pence
per share), an increase of 7.8 pence per share since 31 March 2022. The
increase is due to a combination of price fix arrangements secured above
previous valuation assumptions (+1.2p), uplifts in seasonal forward pricing
(+1.5p) and revisions to long term forecasts provided by independent third
party consultants (+5.8p). Other valuation assumptions, including actual year
to date and forecast inflation will be reviewed for the interim report to 30
September 2022.
Dividend
The Company also announces a quarterly interim dividend of 1.78 pence per
share for the quarter ended 30 June 2022, in line with the dividend target of
7.14p per share for the year to 31 March 2023, as set out in the 2022 Annual
Report.
Dividend Timetable
Ex-dividend date 1 September 2022
Record date 2 September 2022
Payment date 23 September 2022
This announcement contains information that is inside information for the
purposes of the Market Abuse Regulation (EU) No. 596/2014.
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 (For media enquiries) +44 (0)20 3757 6882
Elisabeth Cowell jlen@secnewgate.co.uk (mailto:jlen@secnewgate.co.uk)
Sanne Fund Services (Guernsey) Limited 44 (0)14 8175 5530
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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