THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT ARE NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN WHOLE OR IN PART, IN, INTO OR FROM, 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, THE REPUBLIC OF SOUTH AFRICA, IN ANY MEMBER STATE OF THE
EEA 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.
Legal Entity Identifier:
5493007C3I0O5PJKR078
26 March 2024
JPMorgan Global Growth &
Income plc
Rollover of assets from
JPMorgan Multi-Asset Growth & Income plc
Results of the Scheme and
Issue of Scheme Shares
Results of the Scheme and Issue of Scheme
Shares
The Board of JPMorgan Global Growth
& Income plc (the "Company" or "JGGI") is pleased to announce that the
Company will acquire substantially all of the net assets from
JPMorgan Multi-Asset Growth & Income plc ("MATE") in exchange for the issue of
13,546,292 new shares in the capital of JGGI ("Scheme Shares") in connection with the
voluntary winding up of MATE pursuant to a scheme of reconstruction
under section 110 of the Insolvency Act 1986 (the "Scheme") following the passing today of
the resolution proposed at the Second General Meeting of
MATE.
JGGI ordinary shares
The number of Scheme Shares to be
issued to Eligible MATE Shareholders and to the Liquidators of MATE
for sale in the market for the benefit of Excluded MATE
Shareholders was calculated based on a FAV per JGGI share of
552.086482 pence and a FAV per MATE share of 104.063823 pence,
producing a conversion ratio of approximately 0.188492 JGGI shares
per MATE share rolling over, each calculated in accordance with the
Scheme.
As set out in the shareholder
circular published by the Company on 23 February 2024 (the
"Circular"), fractions of
Scheme Shares arising as a result of the conversion ratio will not
be issued under the Scheme and entitlements to such Scheme Shares
will be rounded down to the nearest whole number.
Admission
Applications have been made by the
Company to the FCA for the Scheme Shares to be admitted to the
premium listing category of the Official List and to the London
Stock Exchange for the Scheme Shares to be admitted to trading on
the premium segment of the Main Market (together, "Admission"). It is expected that
Admission will take place at 8.00am on 27 March 2024.
Following the issue of the Scheme
Shares noted above, the Company's share capital will comprise
464,057,308 ordinary shares (excluding treasury shares), with each
ordinary share entitled to one voting right per ordinary Share such
that, following Admission, the total voting rights of the Company
will be 464,057,308. The Company does not hold any shares held in
treasury.
The figure of 464,057,308 may be
used by Shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in voting rights, or a change to their interest in the
Company, under the Disclosure, Guidance and Transparency
Rules.
Capitalised terms used but not
defined in this announcement will have the same meaning as set out
in the Circular.
For further information:
|
JPMorgan Global Growth & Income plc
Tristan Hillgarth
|
Contact
via Company Secretary
|
|
JPMorgan Funds Limited
Simon Crinage
Fin Bodman
|
+44 (0) 20
7742 4000
|
|
JPMorgan Funds Limited (Company Secretary)
Divya Amin
|
+44 (0) 20
7742 4000
|
|
Winterflood Securities Limited
Neil Langford
Haris Khawaja
|
+44 (0) 20
3100 0000
|
|
|
|
|
|
|
|
|
|
|
|
|