Change of Auditor
24 March 2023
JLEN Environmental Assets Group Limited
Change of Auditor
The Board of JLEN Environmental Assets Group Limited ("JLEN" or the "Company") announces that the Board has conducted a formal tender process for the position of external auditor to the Company, in light of the fact that 2023 marks the ninth annual audit completed by its current external auditor, Deloitte LLP ("Deloitte").
Following the tender process, the Board has approved the appointment of KPMG Channel Islands Limited ("KPMG") as the Company's external auditor.
The appointment of KPMG will be recommended to the Company's shareholders for approval at its Annual General Meeting in 2023. Deloitte will continue in its role as external auditor to the Company for the current year ending 31 March 2023.
For further information please contact:
+44(0)20 7901 3559
Winterflood Securities Limited
+44(0)20 3100 0000
+44 (0)20 3757 6882
Sanne Fund Services (Guernsey) Limited
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 2023 is 7.14 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
(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.