JLEN Environmental Assets (JLEN) is set to use the proceeds of a partial asset sale to launch a share buyback programme for up to £20m and pay down debt.
In a stock exchange notice today (15 August), the listed environmental infrastructure fund said it had signed an agreement for the sale of 51% of a portfolio of six gas-to-grid anaerobic digestion facilities to specialist developer Future Biogas for £68.1m. The proceeds from the partial sale will be used to repay amounts outstanding under its revolving credit facility, while the board has also allocated £20m for buybacks. JLEN Environmental Assets faces discontinuation vote following further NAV dip "The discount to net asset value at which JLEN's shares are currently trading mat...
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