JLEN Environmental Assets Group (JLEN) has changed its name after shareholders voted in favour of the proposal at the company’s annual general meeting held on 13 September.
The company is now known as Foresight Environmental Infrastructure Limited (FGEN), effective from 16 September 2024.
In a note on the London Stock Exchange, shareholders were notified their shareholdings would be unaffected by the change of name. Existing share certificates should, therefore, be retained as they will remain valid for all purposes and no new share certificates will be issued.
Chris Tanner, co-lead investment manager to FGEN, said: “As we move forward under our new name, Foresight Environmental Infrastructure, I am pleased to highlight this change represents a closer alignment with our investment manager, Foresight Group. The rebrand reflects the evolving nature of our company since Foresight acquired the management team from John Laing five years ago. The board and I believe this new identity will unlock clear commercial benefits, particularly through enhanced marketing opportunities and a stronger market reputation.”
The SFDR Article 9 fund’s investment policy is to invest in a diversified portfolio of environmental infrastructure, 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 are said to 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.
FGEN added it aims 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.
