John Laing Environmental Assets Group (JLEN) has raised £35.19m through an issue of new shares.
The listed renewable energy fund sold 36 million shares at 97.97 pence each as part of a placing program that started last June, it said.
The net proceeds will be used to repay amounts drawn down on the fund’s revolving credit facility.
Once the new stock starts trading in June 1, JLEN expects to have 260.36m ordinary shares.
The infrastructure fund invests in clean energy assets including wind, solar, waste processing and wastewater.
Image: John Laing
