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JLIF placing up to 29,376,270 new shares

Thursday, 26th April 2012
John Laing Infrastructure Fund is to place up to 29,376,270 new ordinary shares.

The proceeds will be used partly to repay debt following previously announced acquisitions of fully operational PFI/PPP projects from third party vendors.

JLIF says the placing provides greater flexibility for the company to continue to benefit from the buoyant market for secondary acquisitions.

JLIF also announced the completion of the acquisition of a 100% stake in Roseberry Park Hospital from John Laing for £13m.

Chairman Paul Lester said: "JLIF has grown rapidly since its launch in November 2010, investing in a portfolio which now comprises 34 projects and delivering total returns to our shareholders of 13.76% to 25 April 2012.

"The fast moving secondary market presents a number of opportunities for JLIF and the Placing will provide us with greater flexibility to take advantage of these opportunities as they arise.

"We have found our investors to be attracted to our proven, low risk model, which has given a predictable yield, a level of protection against inflation, and prospects for capital growth."


At 8:50am: (LON:JLIF) share price was -0.8p at 106.3p



Story provided by StockMarketWire.com

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