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Market Cap: $21.21m
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Issue of Equity

17 Nov 2009 17:14

RNS Number : 6626C
J.P. Morgan Private Equity Ltd
17 November 2009
Ā 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTOĀ AUSTRALIA,Ā CANADA,Ā JAPANĀ OR THE UNITED STATES OFĀ AMERICAĀ OR TO US PERSONS

FOR IMMEDIATE RELEASEĀ 

J.P. MORGAN PRIVATE EQUITY LIMITEDĀ -Ā ISSUE OF SHARESĀ 

17 November 2009

This announcement appears as a matter of record only.Ā 

J.P. Morgan Private Equity Limited ("JPEL" or the "Company") is pleased to announce the successful completion of its offering of 2015 zero dividend preference shares (the "2015 ZDP Shares"). As the offering was oversubscribed, the Company has closed on its maximum target of £30,000,000.

The CompanyĀ resolvedĀ to issue anĀ aggregateĀ of 53,333,333Ā 2015 ZDP Shares at a price of 56.25p per share, representing a 7.46 per cent gross redemption yieldĀ to investors.

The issue represented the maximum number of shares offered under the prospectus published by the Company onĀ 10 November 2009. As such, the Company's board of directors has indicated that JPELĀ does not intendĀ to issue any additional 2015 ZDP Shares in the foreseeable future as a result of the successful placement.

TheĀ issuance of the 2015 ZDP SharesĀ is conditional, inter alia, on admission of theĀ 2015 ZDP SharesĀ to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities ("Admission").Ā Application has been made forĀ 53,333,333Ā 2015 ZDP Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange. It is expected that Admission will become effective, settlement will occur and dealings in theĀ 2015 ZDP SharesĀ will commence onĀ 20 November 2009.Ā 

EXPECTED TIMETABLE

2009

(LondonĀ time)

Admission to listing of theĀ 2015Ā ZDPĀ Shares

8.00 a.m.Ā onĀ 20Ā November

Dealings in theĀ 2015Ā ZDPĀ Shares to commence on the London Stock Exchange

8.00 a.m.Ā onĀ 20 November

CREST (stock) accounts credited

20 November

Certificates despatched for theĀ 2015Ā ZDPĀ Shares

week commencingĀ 23 November

The times and dates set out in the expected timetable of events above and mentioned throughout this document may be adjusted by the Company, in which event the Company will notify investors of changes to the timetable by publication of a notice through a RIS provider.

All references in this document to time are toĀ LondonĀ time.

Defined terms used in this announcement shall have the meaning assigned to them in the prospectusĀ issued by the Company onĀ 10Ā NovemberĀ 2009Ā unless expressly stated otherwise.

Enquiries:Ā 

Ā 

J.P. MorganĀ Asset ManagementĀ 

Troy DuncanĀ /Ā Greg GetschowĀ 

+Ā 44 (0) 20 7247 3032 / +1 212Ā 648Ā 1150

Cenkos Securities plc

Peter HindmarshĀ / Will RogersĀ 

+ 44 (0) 7397Ā 8900

J.P.Ā MorganĀ CazenoveĀ 

Angus GordonĀ LennoxĀ / Edward Gibson-Watt

+44 (0) 020 7588 2828Ā 

Ā 

Anthony Payne / Max Hilton +44 (0) 20Ā 31786869Ā 

anthony.payne@peregrinecommunications.co.ukĀ 

Ā 

DISCLAIMER

THIS ANNOUNCEMENTĀ HASĀ BEEN ISSUED BY,Ā ANDĀ IS THE SOLE RESPONSIBILITY OFĀ J.P.Ā MORGANĀ PRIVATE EQUITY LIMITED.Ā 

This announcement does not constitute orĀ formĀ part of an offer to sell, purchase, exchange or subscribe for any securities or solicitation of such an offer in the United States of America or any other jurisdiction. The CompanyĀ hasĀ not beenĀ andĀ will not be registered under the United States Investment Company Act of 1940,Ā as amended.Ā The securities referred to in this announcement have not beenĀ andĀ will not be registered under the United States Securities Act 1933, as amended,Ā andĀ will not be offeredĀ or sold or otherwise transferred within the Unites States or to, or for the account or benefit of US Persons (as defined in Regulations of the Securities Act of 1933 as amended) except in accordance with the United States Securities Act of 1933, asĀ amended, or an exemption therefromĀ andĀ under the circumstances which will not require the company to register under the United States Investment Act of 1940, as amended.

THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS ANNOUNCEMENT INTO CERTAIN JURISDICTIONS OTHERĀ THANĀ THEĀ UKĀ MAYĀ BE RESTRICTED BY LAWĀ ANDĀ THEREFORE PERSONS IN SUCH JURISDICTIONS INTO WHICH THIS ANNOUNCEMENT IS RELEASED, PUBLISHED OR DISTRIBUTED SHOULD INFORM THEMSELVES ABOUTĀ ANDĀ OBSERVE ANY SUCH RESTRICTIONS.Ā NO ACTIONĀ HASĀ BEEN TAKEN BY THE COMPANY OR JPMC THAT WOULD PERMIT AN OFFERING OF SUCH SHARES OR POSSESSION OR DISTRIBUTION OF THIS ANNOUNCEMENT OR ANY OTHER OFFERING OR PUBLICITY MATERIAL RELATING TO SUCH SHARES IN ANY JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED.Ā ANY FAILURE TO COMPLY WITH ANY SUCH RESTRICTIONSĀ MAYĀ CONSTITUTE A VIOLATION OF THE SECURITIESĀ LAWSĀ OR REGULATION OF SUCH JURISDICTIONS.Ā 

THIS ANNOUNCEMENT INCLUDES FORWARD-LOOKING STATEMENTS THATĀ AREĀ PREDICTIONS OF OR INDICATE FUTURE EVENTSĀ ANDĀ FUTUREĀ TRENDS. THESE FORWARD-LOOKING STATEMENTS INCLUDEĀ ALLĀ MATTERS THATĀ AREĀ NOT HISTORICAL FACTS. UNDUE RELIANCE SHOULD NOT BE PLACED ON FORWARD-LOOKING STATEMENTS BECAUSE THEY INVOLVE KNOWNĀ ANDĀ UNKNOWN RISKS, UNCERTAINTIESĀ ANDĀ OTHER FACTORS THATĀ AREĀ IN MANY CASES BEYOND THE COMPANY'S CONTROL. BY THEIR NATURE, FORWARD-LOOKING STATEMENTS INVOLVE RISKSĀ ANDĀ UNCERTAINTIES BECAUSE THEY RELATE TO EVENTSĀ ANDĀ DEPEND ON CIRCUMSTANCES THATĀ MAYĀ ORĀ MAYĀ NOT OCCUR IN THE FUTURE.Ā 

FORWARD-LOOKING STATEMENTSĀ AREĀ NOT GUARANTEES OF FUTURE PERFORMANCE,Ā ANDĀ THE COMPANY'S ACTUAL RESULTS OF OPERATIONS, FINANCIAL CONDITIONĀ ANDĀ LIQUIDITY,Ā ANDĀ THE DEVELOPMENT OF THE INDUSTRY IN WHICH IT OPERATESĀ MAYĀ DIFFER MATERIALLY FROM THOSE MADE IN OR SUGGESTED BY THE FORWARD-LOOKING STATEMENTS CONTAINED IN THIS ANNOUNCEMENT. THE CAUTIONARY STATEMENTS SETĀ FORTHĀ ABOVE SHOULD BE CONSIDERED IN CONNECTION WITH ANY SUBSEQUENT WRITTEN OR ORAL FORWARD-LOOKING STATEMENTS THAT THE COMPANY, OR PERSONS ACTING ON ITS BEHALF,Ā MAYĀ ISSUE. THESE FORWARD-LOOKING STATEMENTSĀ AREĀ MADE AS OF THE DATE OF THIS ANNOUNCEMENTĀ ANDĀ AREĀ NOT INTENDED TO GIVE ANY ASSURANCES AS TO FUTURE RESULTS. SAVE AS REQUIRED BY LAW OR REGULATION, THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE THESE FORWARD-LOOKING STATEMENTS,Ā ANDĀ WILL NOT PUBLICLY RELEASE ANY REVISIONS ITĀ MAYĀ MAKE TO THESE FORWARD-LOOKING STATEMENTS THATĀ MAYĀ RESULT FROM EVENTS OR CIRCUMSTANCESĀ 

ARISING AFTER THE DATE OF THIS ANNOUNCEMENT.Ā 

JPMC, which is authorisedĀ andĀ regulated in the United Kingdom by the Financial Services Authority, is acting for the CompanyĀ andĀ for noĀ oneĀ elseĀ in connection with the matters referred to in this announcementĀ andĀ will not be responsible to anyone otherĀ thanĀ the Company for providing the protections afforded to clients ofĀ JPMCĀ or for affording advice in relation to the contents of this announcement or on any matters referred to herein.Ā 

This announcement is not for distribution directly or indirectly in or into the UnitedĀ States,Ā Canada,Ā AustraliaĀ orĀ Japan. No public offering of securities will be made in the UnitedĀ States,Ā Canada,Ā Australia, orĀ Japan.Ā 

This Announcement is only addressed toĀ andĀ directed at persons in member states of the European Economic Area whoĀ areĀ "qualified investors" ("Qualified Investors") within the meaning of Article 2(1)(e) of the EU Prospectus Directive (Directive 2003/71/EC) (the "Prospectus Directive"). Any person in the EEA who acquires any securities in the Placing or to whom any offer of securities is made will be deemed to have acknowledgedĀ andĀ agreed that theyĀ areĀ such a Qualified Investor.

In the case of any securities acquired by a financial intermediary as that term is used in Article 3(2) of the Prospectus Directive, such financial intermediary will also be deemed to have representedĀ andĀ warranted that the securities acquired by it in the Placing have not been acquired on a non-discretionary basis on behalf of,Ā norĀ have they have been acquired with a view to their offer or resale to, persons in circumstances whichĀ mayĀ give rise to an offer of securities to the public otherĀ thanĀ an offer or resale in a member state of the EEA whichĀ hasĀ implemented the Prospectus Directive to Qualified Investors or in circumstances in which the prior consent of JPMCĀ hasĀ been given to each such proposed offer or resale.

This AnnouncementĀ hasĀ been issued byĀ andĀ is the sole responsibility of the Company. No representation or warranty express or implied, is or will be made as to,Ā andĀ no responsibility or liability is or will be accepted by JPMC or by any of its affiliates or agents as to or in relation to, the accuracy or completeness of this Announcement or any other written orĀ oralĀ information made available to or publicly available to any interested party or its advisers,Ā andĀ any liability therefore is expressly disclaimed.

This information is provided by RNS
The company news service from the London Stock Exchange
Ā 
END
Ā 
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