15 Oct 2019 09:55
Jupiter European Opportunities Trust PLC (the "Company")
Legal Entity Identifier: 549300XN7RXQWHN18849
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014. This announcement has been authorised for release by the Board of Directors (the "Board").
15 October 2019
Management Update
Further to the Company's announcement on 2 October 2019, the Board is pleased to announce that it has completed its due diligence exercise, with the support of specialist professional advisers, on both Devon Equity Management Limited ("Devon"), as proposed portfolio manager, and FundRock Management Company S.A. ("FundRock") as proposed Alternative Investment Fund Manager ("AIFM").
In addition, Devon has now received formal confirmation that the FCA is minded to grant regulatory approval, which is expected to become effective once certain key employees have been registered as FCA approved persons with Devon.
Therefore, the Board has today entered into a portfolio management agreement with Devon and FundRock as well as a separate AIFM agreement with FundRock.
The Board intends that the appointment of Devon and FundRock will take effect from 15 November 2019, being the requisite 30 days' notice FundRock needs to give the FCA of its intention to act as AIFM of the Company. On the appointment of Devon and FundRock the management contract with Jupiter will terminate.
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