Last checked at 
23 Dec 2008 09:31
J.P. Morgan Private Equity Limited
23 December 2008
J.P. Morgan Private Equity Limited
23 December 2008
J.P. Morgan Private Equity Limited - Revision of Tender Offer Elections to Purchase Shares as at 31 December 2008.
The Company announces that based on the total number of Shares tendered as part of the Company's Tender Offer to purchase shares as at 31 December 2008, the Board anticipates that the Company will:
Accept 7.5 % of all of the 122,950,592 Equity Shares tendered (amounting to 9,221,294 Equity Shares in total); and
Accept 13.0 % of all of the 15,823,772 ZDP Shares tendered (amounting to 2,051,508 ZDP Shares in total).
ZDP and Equity Shares tendered in excess of the Basic Entitlement will be scaled back on a pro rata basis and the resulting number of ZDP and Equity Shares will be purchased. The Basic Entitlement of each ZDP and Equity Shareholder equates to 31.4 ZDP and Equity Shares per 1,000 ZDP and Equity Shares held respectively. ZDP and Equity Shares not accepted under the Tender Offer will be returned to the applicable CREST accounts by Capita Registrars in the week commencing 29 December 2008, at which time shareholders will be free to deal in such Shares, while the Shares accepted under the Tender Offer shall remain in escrow until the purchase date, which is anticipated to be 23 February 2009, at a price which will set by reference to the prevailing Net Asset Value of the Company's portfolio as of 31 December 2008.
Payments to Shareholders by cheque, in the case of certificated holders, will be made as soon as practicable after 23 February 2009. Payments through CREST, in the case of uncertificated holders, will be made on or around 26 February 2009. Balancing share certificates will be dispatched and CREST accounts settled on or around 26 February 2009.
Shareholders with any questions about the amount of their Equity Shares not accepted for tender or the procedure for the release from escrow of such Shares should contact the Capita Registrars helpline number on 0871 644 0321 from within the UK or +44 20 8639 3399 if calling from outside the UK between 9:00 a.m. and 5:00 p.m. (London time) Monday through Friday (except UK public holidays). Calls to the 0871 664 0321 number cost 10 pence per minute (including VAT) plus your service provider's network extras. Calls to the helpline from outside the UK will be charged at applicable international rates. Different charges may apply to calls from mobile telephones and calls may be recorded and randomly monitored for security and training purposes. The helpline cannot provide advice on the merits of the Tender Offer nor give any financial, legal or tax advice.
Definitions and terms defined in the Circular of 7 October 2008 have the same meaning when used herein unless the context otherwise requires.
ENQUIRIES:
HSBC Management (Guernsey) Ltd
+ 44 (0) 1481 759 000
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