TIDMJLEN
RNS Number : 8958L
JLEN Environmental Assets Group Ltd
08 September 2023
8 September 2023
JLEN Environmental Assets Group Limited
Results of AGM
JLEN Environmental Assets Group Limited ("JLEN" or the
"Company") is pleased to announce that at the Annual General
Meeting ("AGM") held at 10:00 a.m. today, 8 September 2023, all
resolutions were duly passed without amendment.
In accordance with LR 9.6.18, details of the results of those
resolutions proposed at the AGM, which were not ordinary business
of the AGM, are as follows:
Resolution For (including Against Withheld*
discretionary)
11 - Ordinary 385,556,429 (99.99%) 25,996 (0.01%) 6,694
--------------------- ------------------ ----------
12 - Special 385,402,803 (99.96%) 139,405 (0.04%) 46,911
--------------------- ------------------ ----------
13 - Special 383,029,923 (99.34%) 2,534,601 (0.66%) 24,595
--------------------- ------------------ ----------
14 - Special 385,084,934 (99.93%) 266,874 (0.07%) 237,311
--------------------- ------------------ ----------
*A vote withheld is not a vote in law and is therefore not
counted towards the proportion of votes "for" or "against" the
Resolution.
The full wording of these resolutions can be found below:
Resolution 11 - Ordinary Resolution
THAT the interim dividend of 1.78 pence per Ordinary Share in
respect of the period 1 April 2022 to 30 June 2022, the interim
dividend of 1.79 pence per Ordinary Share in respect of the period
1 July 2022 to 30 September 2022, the interim dividend of 1.78
pence per Ordinary Share in respect of the period 1 October 2022 to
31 December 2022 and the interim dividend of 1.79 pence per
Ordinary Share in respect of the period 1 January 2023 to 31 March
2023 declared by the Company be approved.
Resolution 12 - Ordinary Resolution
THAT, in accordance with Article 45 of the Articles of
Incorporation of the Company (the "Articles"), the Board may, in
respect of dividends declared for any financial period or periods
of the Company ending prior to the annual general meeting of the
Company to be held in 2024, offer shareholders the right to elect
to receive further shares, credited as fully paid, in respect of
all or any part of such dividend or dividends declared in respect
of any such period or periods.
Resolution 13 - Special Resolution
THAT the Company be and is hereby generally and unconditionally
authorised in accordance with Section 315 of The Companies
(Guernsey) Law, 2008 (as amended) (the "Law") (subject to the UK
Listing Rules and all other applicable legislation and regulations)
to make market acquisitions (as defined in the Law) of its Ordinary
Shares in issue, provided that:-
a. the maximum number of Ordinary Shares hereby authorised to be
purchased is 14.99 per cent. per annum of the Ordinary Shares in
issue immediately following the passing of this resolution;
b. the minimum price (exclusive of expenses) which may be paid
for an Ordinary Share is 1 pence;
c. the maximum price (exclusive of expenses) which may be paid
for an Ordinary Share shall be not more than the higher of (i) 5
per cent. above the average market value for the five business days
prior to the day the purchase is made and (ii) the higher of the
price of the last independent trade and the highest independent bid
at the time of the purchase for any number of the Ordinary Shares
on the trading venues where the purchase is carried out;
d. the authority hereby conferred shall expire at the conclusion
of the next annual general meeting of the Company held in 2024 or
18 months from the date of this resolution, whichever is the
earlier, unless such authority is varied, revoked or renewed prior
to such time;
e. the Company may make a contract to purchase Ordinary Shares
under the authority hereby conferred prior to the expiry of such
authority which will or may be executed wholly or partly after the
expiration of such authority and may make an acquisition of
Ordinary Shares pursuant to any such contract; and
f. any Ordinary Share bought back may be held in treasury in
accordance with the Law or be subsequently cancelled by the
Company.
Resolution 14 - Special Resolution
THAT pursuant to Article 7.7 of the Articles, the provisions of
Article 7.2 of the Articles shall not apply and shall be excluded
in relation to the issue of up to an aggregate number of Ordinary
Shares as represents up to 10 per cent. of the number of Ordinary
Shares admitted to trading on London Stock Exchange plc's main
market for listed securities immediately following the passing of
this resolution, provided that such disapplication and exclusion
shall expire on the date which is 18 months from the date of the
passing of this resolution or, if earlier, at the conclusion of the
next annual general meeting of the Company following the date of
the passing of this resolution (unless previously renewed, revoked
or varied by the Company by special resolution) save that the
Company may before such expiry make an offer or agreement which
would or might require Ordinary Shares to be allotted after such
expiry and the Directors may allot Ordinary Shares in pursuance of
such an offer or agreement as if the disapplication and exclusion
conferred hereby had not expired.
ENDS
For further information and enquiries, please contact:
Foresight Group +44 (0)20 3667 8100
Chris Tanner
Ed Mountney
Wilna de Villiers institutionalir@foresightgroup.eu
Winterflood Securities Limited +44 (0)20 3100 0000
Neil Langford
SEC Newgate UK +44 (0)20 3757 6882
Elisabeth Cowell
Alice Cho
Harry Handyside Jlen@secnewgate.co.uk
Sanne Fund Services (Guernsey)
Limited +44 (0)20 3530 3600
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 2024 is 7.57 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
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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END
RAGNKFBDDBKDACK
(END) Dow Jones Newswires
September 08, 2023 07:17 ET (11:17 GMT)
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