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John Laing Group Sees FY Adj. Net Asset Value Marginally Below Market View

John Laing Group plc. (JLG.L) said that it expects Net Asset Value for the full year, before impact of foreign exchange, to be marginally below market expectations.

In its pre-close update for the year ending 31 December 2019 ahead of the Group's results on 3 March 2020, the company said the translational effect of Sterling strengthening from 1 July 2019 to 30 November 2019 has negatively impacted the value of the portfolio by 50 million pounds.

The company said it is on track to reach three-year investment and realisation target of 1 billion pounds by 2021.

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