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JLEN raises £40m

07 July 2017 07:34

John Laing Environmental Assets Group has raised £40m through the issue of 38,834,951 new ordinary shares at 103p apiece.

JLEN said the placing was significantly oversubscribed and applications had been scaled back.

The company said it intended to use the net proceeds to repay its revolving credit facility and allow it to deliver on a near term pipeline of attractive opportunities across a range of environmental infrastructure sectors.

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