JLEN Environmental Assets Group, formerly John Laing Environmental Fund, (LSE: JLEN) is a large British investment trust dedicated to investments in Renewable Energy Infrastructure. The chairman is Ed Warner.[1] Established in March 2014,[2] the company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.[3]
| LSE: JLEN | |
| Industry | Investment trust |
| Founded | March 2014 |
| Headquarters | , |
Key people | Ed Warner (Chairman) |
| Website | Official site |
History
editThe company was established in March 2014.[2] Foresight Group took over responsibility for managing the fund from John Laing Capital Management in June 2019.[4] In August 2024, the company launched a £20m share buyback programme.[5] Because the shares were trading at a significant discount to asset value, the company proposed holding a vote on discontinuation at its annual general meeting in September 2024.[6] The company has also proposed changing its name to Foresight Environmental Infrastructure in accordance with the branding of its investment manager.[7]
Operations
editThe company invests in wind farms, and solar energy farms and also has a portfolio of anaerobic digestion projects,[8] as well as several green hydrogen projects,[7] and energy storage projects.[9]
References
edit- ^ "JLEN hires HarbourVest Global's Ed Warner as new chair". You Invest. 2 August 2022. Retrieved 29 September 2022.
- ^ a b "JLEN Environmental Assets Group". Trust.net. Retrieved 3 June 2020.
- ^ "FTSE UK Index Series: Annual Review June 2020". 3 June 2020. Archived from the original on 3 June 2020. Retrieved 3 June 2020.
- ^ "Foresight Group acquires mandate for John Laing Environmental Assets Group". Forsight Group. 5 June 2019. Retrieved 13 September 2024.
- ^ "JLEN Environmental Assets launches £20m buyback after partial asset sale". Investment Week. 15 August 2024. Retrieved 13 September 2024.
- ^ "JLEN Environmental Assets – 'Vote against discontinuation'". Quote Data. 18 July 2024. Retrieved 13 September 2024.
- ^ a b "New name and lower fees for JLEN Environmental". Quoted Data. 21 June 2024. Retrieved 13 September 2024.
- ^ "JLEN Environmental Assets sells off £68m in assets to pay debts and launch share buyback". City AM. 15 August 2024. Retrieved 13 September 2024.
- ^ "Osborne Clarke advises Foresight Solar Fund and JLEN Environmental Assets Group on acquisition of 50MW Clayfords energy storage project". Osborne Clarke. 4 August 2022. Retrieved 13 September 2024.
External links
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