JLEN Environmental Assets Group Ltd Directorate Change (2349B)
09 Junio 2021 - 1:00AM
UK Regulatory
TIDMJLEN
RNS Number : 2349B
JLEN Environmental Assets Group Ltd
09 June 2021
9 June 2021
JLEN Environmental Assets Group Limited
Board Changes
The Board of JLEN Environmental Assets Group Limited ("JLEN" or
the "Company") is pleased to announce the appointments of Alan
Bates and Jo Harrison as Directors of the Company. These
appointments will commence from 10 June 2021. In line with the Comp
any's suc cession plan, Peter Neville, Director and Chair of the
Audit Committee, has indicated his intention to stand down from the
Board following the Company's AGM in September 2021.
Alan Bates
Alan is a Guernsey resident who brings considerable operational
and technical experience to the Company, particularly from his
current positions as Chief Executive Officer of Guernsey
Electricity Limited, as Chairman of the Channel Islands Electricity
Grid and as a Board Advisor to Guernsey Water. Alan's previous
experience included senior positions in the oil and gas and
electrical engineering sectors, following an extensive career as an
electrical engineer. Upon appointment, it is intended that Alan
joins the membership of the Company's Audit Committee and the
Company's Risk Committee.
Jo Harrison
Jo is a UK reside nt who b rings a wealth of ESG and leadership
experience to the Company. J o is Director of Environment, Planning
and Innovation at United Utilities and has over 20 years'
experience working in the water industry. Jo is a chartered member
of the Institute of Water and Environmental Managers and is a
Chartered Environmentalist. Jo is also a trustee of the Community
Forest Trust and a trustee of the Rivers Trust. Upon appointment,
it is intended that Jo joins the membership of the Company's Risk
Committe e and it is intended that Jo will lead a newly established
committee of the Board to focus on ESG matters.
Richard Morse, Chairman, said:
"We are delighted to welcome Alan and Jo to the Board and
believe that Alan's extensive operational background and skill s
and Jo's wide-ranging ESG experience will complement and broaden
the diversity of skills and experience represented on the Board. We
are confident that Alan and Jo will be positive additions to the
Company. Noting Peter's intention to resign in September, we thank
Peter for his contribution to the Company. Peter has been a highly
valued Board member and we shall miss his wisdom and diligence when
he steps down. He will be succeeded as Chair of the Audit Committee
by Stephanie Coxon."
No further disclosures are required for Alan Bates or Jo
Harrison in respect of paragraphs 9.6.13 of the Financial Conduct
Authority's Listing Rules.
For further information please contact:
Foresight Group
Chris Tann er
Chris Holmes +44(0)20 7901 3559
Winterflood Securities Limited
Neil Langford
Chris Mills +44(0)20 3100 0000
SEC Newgate UK
Elisabeth Cowell
Megan Kovach +44 (0)20 3757 6882
Praxis Fund Services
Matt Falla
Gemma Woods +44(0)1481 755530
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 2022 is 6.80(1) pence
per share. The dividend is payable quarterly.
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
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