Notice of Annual General Meeting
Source: RNS19 August 2024
JLEN ENVIRONMENTAL ASSETS GROUP LIMITED
("JLEN" or the "Company")
Notice of Annual General Meeting
Annual General Meeting
JLEN has today published notice of its Annual General Meeting ("AGM") to be held at 1 Royal Plaza, Royal Avenue, St Peter Port, Guernsey, GY1 2HL on Friday 13 September 2024 at 10:00 a.m.
Copies of the Notice of AGM have been posted to shareholders electing to receive printed materials from the Company and are available on the Company's website jlen.com/investors/agm-vote/ and on the National Storage Mechanism.
Discontinuation Vote
In accordance with the Company's policy, as set out in its Prospectus, the Board is proposing a discontinuation resolution at the AGM (Resolution 16). The Notice of AGM includes details of the discontinuation resolution and the reasons why the Board recommends shareholders VOTE AGAINST the resolution to allow the Company to continue operating and delivering on its investment strategy.
Action to be taken
Shareholders are encouraged to vote on the resolutions to be proposed at the AGM which, to be valid, should be completed, signed and returned so as to be received by the Company's Receiving Agent, Link Group, at PXS1, 34 Beckenham Road, Beckenham, Kent BR3 4ZF as soon as possible but, in any event, so as to arrive by 10.00 a.m. on 11 September 2024.
Shareholders are strongly encouraged to exercise their voting rights by appointing a proxy where possible, using one of the following methods:
· By logging on to www.signalshares.com and following the instructions; or
· By printing a copy of the form of proxy which is available for download on the Company's website www.jlen.com or by requesting a hard copy form of proxy directly from the Company's registrars, Link Group, via email at shareholderenquiries@linkgroup.co.uk or on tel: 0371 664 0300. Calls are charged at the standard geographic rate and will vary by provider. Calls outside the United Kingdom will be charged at the applicable international rate. Lines are open between 09:00 - 17:30, Monday to Friday excluding public holidays in England and Wales. Hard copy proxy forms should be returned by post, by courier or by hand to PXS 1, Link Group, Central Square, 29 Wellington Street, Leeds, LS1 4DL; or
· In the case of CREST members, by utilising the CREST electronic proxy appointment service in accordance with the procedure set out in the notes to the Notice of AGM 2024.
Recommendation
The Board considers that Resolutions 1 to 15 to be proposed at the AGM are in the best interests of the Company and its members. Accordingly, the Board unanimously recommends shareholders VOTE IN FAVOUR of these Resolutions.
As stated above, the Board unanimously recommends that the shareholders VOTE AGAINST Resolution 16.
The Board's full voting recommendations are detailed in the table below:
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If you have any questions that you would like to put to the Board or to Foresight Group, please contact the Company Secretary by email at jlen@apexfs.group no later than close of business on Tuesday, 10 September 2024.
Foresight Group Chris Tanner Edward Mountney Wilna de Villiers --------- |
+44(0)20 3667 8100
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Winterflood Securities Limited Neil Langford
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+44(0)20 3100 0000
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SEC Newgate Elisabeth Cowell Alice Cho Harry Handyside
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+44 (0)20 3757 6882 Jlen@secnewgate.co.uk
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Apex Fund and Corporate Services (Guernsey) Limited Matt Lihou Matt Falla
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+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 2025 is 7.80 pence per share¹. The dividend is payable quarterly.
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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