30 Nov 2017 15:41
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, SOUTH AFRICA, In any Member State of the EEA (other than the UNITED KINGDOM) OR IN ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL
This announcement is not an offer to sell, or a solicitation of an offer to acquire, securities in the United States or in any other jurisdiction in which the same would be unlawful. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.
Jupiter UK Growth Investment Trust PLC
30 November 2017
Reconstruction of Jupiter Dividend & Growth Trust PLC - Result of Proposals
Further to the shareholder circular dated 19 October 2017 (the "Circular") relating to the issue of New Shares in connection with the reconstruction of Jupiter Dividend & Growth Trust PLC ("JDG") the Board of Jupiter UK Growth Investment Trust PLC (the "Company") is pleased to announce that the Company will acquire approximately £24.65 million of assets from JDG pursuant to the terms of the scheme in consideration for the issue of 7,821,713 New Shares.
Application has been made for the New Shares to be admitted to the premium segment of the Official List of the Financial Conduct Authority (the "FCA") and to trading on the main market for listed securities of the London Stock Exchange (together, "Admission"). It is expected that Admission will take place at 8.00am on 1 December 2017. The New Shares will be issued at 315.0956 pence per share representing a 0.75% premium to the NAV as calculated on 28 November 2017.
Following this issue of New Shares as noted above the issued share capital of the Company is 29,703,678 Ordinary shares, of which 8,864,439 are held in treasury. For reporting purposes under the FCA's Disclosure and Transparency Rules the market should exclude any shares held in treasury and should use the figure of 20,857,239 when determining if they are required to notify their interest in, or a change to their interest in the Company.
Capitalised terms used but not defined in this announcement will have the same meaning as set out in the Circular dated 19 October 2017.
For further information:
Richard Pavry
Head of Investment Trusts
Jupiter Asset Management Limited, Company Secretary
investmentcompanies@jupiteram.com
020 3817 1496
David Benda/Harry Trueman
Corporate broker to the Company
Numis Securities Limited
020 7260 1000