Notice of AGM
24 June 2021
JLEN ENVIRONMENTAL ASSETS GROUP LIMITED
("JLEN" or the "Company")
Notice of Annual General Meeting
JLEN has today published its notice of Annual General Meeting ("AGM"), to be held at Sarnia House, Le Truchot, St Peter Port, Guernsey, GY1 1GR on Thursday, 2 September 2021 at 10:00 a.m.
Copies of the notice of AGM have been posted with the 2021 Annual Report to shareholders electing to receive printed materials from the Company, and are available on the Company's website www.jlen.com and on the National Storage Mechanism.
The Directors wish to reassure shareholders that the Company has considered the potential impact of the Covid-19 pandemic on the AGM and the restrictive measures in place as at today's date.
The Board recognises the ongoing public health advice in relation to travel at this time and notes the latest update from the States of Guernsey Civil Contingencies Authority which recognised the rising prevalence levels across many UK regions and stipulated that, from 1 July 2021, only fully vaccinated individuals who are two weeks or more post their second vaccination arriving into the Bailiwick of Guernsey from a country within the Common Travel Area will not be required to undergo a Covid-19 test or complete any period of self-isolation upon arrival.
Whilst it remains the Board's intention that the AGM will take place as scheduled on 2 September 2021, it should be noted that global developments ahead of, and following 1 July 2021 may impact current guidance, and travel restrictions and regulations for those arriving into the Bailiwick of Guernsey could change at short notice. Shareholders are therefore encouraged to submit their votes by proxy in advance of the meeting and may provide details of any questions they may have to the Company Secretary in advance of the meeting. Responses to any queries will be made available on the Company's website, following the meeting.
For further information, please contact:
+44(0)20 3667 8100
Winterflood Investment Trusts
+44(0)20 3100 0000
+44(0)20 3757 6882
Praxis Fund Services
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;
· 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 6.801 pence per share. The dividend is payable quarterly.
Further details of the Company can be found on its website www.jlen.com.
(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.