JLEN Environmental Assets Group Ltd Net Asset Value and Dividend (1353I)
2023年8月3日 - 3:00PM
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TIDMJLEN
RNS Number : 1353I
JLEN Environmental Assets Group Ltd
03 August 2023
3 August 2023
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 ("NAV") at 30 June 2023 is
GBP801.4 million (121.1 pence per share), a decrease of 2.0 pence
per share since 31 March 2023 after paying the quarterly dividend
of 1.8 pence per share.
Valuation factors
Key valuation movements include price fixes secured above
previous valuation assumptions (+0.4p) and an uplift from
recognition of actual quarterly inflation data in excess of
valuation assumptions (+2.4p). The uplift was offset by downward
revisions to near term seasonal forwards and forecasts provided by
independent third-party consultants net of the Electricity
Generator Levy (-1.0p) and discount rate increases averaging 50 bps
across the operating portfolio (-3.3p) bringing the overall
Weighted Average Discount Rate to 8.9%.
Summary of changes in NAV:
NAV per
share
NAV at 31 March 2023 123.1p
Dividends paid in the period -1.8p
Power prices (loss from downward revision
from forecasts offset by price fixes secured
above valuation assumptions) -0.6p
Inflation 2.4p
Discount rate changes -3.3p
Other movements (including actual performance) 1.3p
NAV at 30 June 2023 121.1p
Gearing
At 30 June 2023 project level gearing is 18% and overall gearing
is 28%, with the Company's Revolving Credit Facility ("RCF")
GBP116.7m drawn from a total facility size of GBP200m. The Company
continues to maintain sufficient headroom in its RCF to finance its
hard commitments relating to construction assets held within the
portfolio.
Dividend
The Company also announces a quarterly interim dividend of 1.89
pence per share for the quarter ended 30 June 2023, in line with
the dividend target of 7.57p per share for the year to 31 March
2024, as set out in the 2023 Annual Report.
Dividend timetable
Ex-dividend date 31 August 2023
Record date 1 September 2023
Payment date 22 September 2023
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
Chris Tann er
Edward Mountney +44(0)20 3667 8100
Wilna de Villiers institutionalir@foresightgroup.eu
Winterflood Securities Limited
Neil Langford +44(0)20 3100 0000
SEC Newgate +44 (0)20 3757 6882
Elisabeth Cowell Jlen@secnewgate.co.uk
Alice Cho
Harry Handyside
Sanne Fund Services (Guernsey)
Limited
Matt Falla
Gemma Berry +44 (0)20 3530 3600
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) .
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
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August 03, 2023 02:00 ET (06:00 GMT)
Jlen Environmental Assets (LSE:JLEN)
過去 株価チャート
から 4 2024 まで 5 2024
Jlen Environmental Assets (LSE:JLEN)
過去 株価チャート
から 5 2023 まで 5 2024