John Laing Environmental Assets Group Share Offer
This offer is now closed for applications through interactive investor
"The Board has been delighted by the response to the fundraising with significant interest from both existing shareholders and new investors. The Company will seek to further diversify its portfolio through investments in AD, Waste to Energy and Biomass, which are expected to enhance returns to shareholders. This fundraising places JLEN in a strong position to capitalise on its pipeline of opportunities and the Board looks forward to updating shareholders in due course."
Richard Morse, Chairman of JLEN
19 October 2018
result of the issue
- The Issue Price was set at 102 pence per New Ordinary Share.
- John Laing Environmental Assets Group Limited has successfully raised gross proceeds of £105 million.
- Despite increasing the size of the Issue to £105 million and an additional £20 million being made available by John Laing Pension Fund the fundraising remains significantly oversubscribed.
- The Company, following consultation with Winterflood, has scaled back applications in accordance with the terms set out in the prospectus published by the Company on 23 February 2018.
- Customers will receive approximately 83.6% of the amount applied for.
- Share allocations and uninvested cash are being credited to accounts today (19 October 2018). Confirmation of allocations will be sent once the shares and refunds are showing on accounts.
- Please note the allocation policy was set by John Laing Environmental Assets Group Limited and not Interactive Investor.
offer period
- The Offer Period for the John Laing Environmental Assets Group Share Offer closed at 9am on Wednesday 17 October 2018.
trading starts
- Admission and unconditional dealing in the New Ordinary Shares is expected to commence at 8am on Wednesday 24 October 2018. There is no conditional dealing period.
- When admitted to trading, the new shares will be registered with SEDOL (Stock Exchange Daily Official List) number BJL5FH8 and trade under the symbol "JLEN".
- If you buy or sell John Laing Environmental Assets Group shares after admission the relevant share dealing rate will apply.
key information
| Issue price per share: | 102 pence per New Share |
| Minimum investment: | £1,000 (multiples of £1 thereafter) |
| Stock ticker: | JLEN |
| SEDOL: | BJL5FH8 |
expected timetable
| Offer open: | 12 September 2018 |
| Offer close: | 17 October 2018 (10am) |
| Result announced: | 19 October 2018 |
| Unconditional dealing starts: | 24 October 2018 (8am) |
Interactive Investor Services Limited uses the John Laing Envirnomental Assets Group Limited Prospectus in accordance with the Company's consent and the conditions set out in the John Laing Envirnomental Assets Group Limited Prospectus.
This website is issued by, and is the sole responsibility of, Interactive Investor Services Limited. This website is an advertisement and not a Prospectus. Any application to participate in the Offer can and will only be made on the basis of the Prospectus, together with any supplements thereto.
Investing in IPOs carries a high degree of risk. If you are unsure of the suitability of an investment please seek Financial Advice. You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest. Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue. Investment in the Company should not be regarded as short-term in nature. You should consider carefully all of the information set out in the Prospectus, including all the risks attached to investing in the Company before you apply.
"John Laing Environmental Assets Group Limited" and the John Laing Environmental Assets Group Limited logo are registered trademarks of John Laing Environmental Assets Group Limited. Reproduced by kind permission of John Laing Environmental Assets Group Limited. All rights reserved.
This announcement has been published by Interactive Investor Services Limited.
This announcement has been prepared and is the sole responsibility of Interactive Investor Services Limited of Exchange Court, Duncombe Street, Leeds, LS1 4AX, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.