John Laing Environmental Assets Group is proposing to raise John Laing Environmental Assets25m through an initial placing under the placing programme for up to 150 million new ordinary shares announced in December.

The placing will be undertaken by way of a bookbuilding process.

The issue price will be agreed between the company, the investment adviser and Winterflood following the close of the bookbuild and will be at a premium to the company's latest published net asset value per share, at least sufficient to cover the costs of the placing.

At 10:00am: (LON:JLEN) John Laing Environmental Assets Group share price was -1.12p at 105.38p