JPMorgan Brazil Investment Trust Publication and posting of Circular (3884C)
16 Octubre 2020 - 11:09AM
UK Regulatory
TIDMJPB
RNS Number : 3884C
JPMorgan Brazil Investment Trust
16 October 2020
JPMORGAN BRAZIL INVESTMENT TRUST PLC (the "Company")
Publication and posting of Circular
and
Timetable for suspension and cancellation of the Company's
listing and trading and voluntary winding-up of the Company
16 October 2020
Legal Entity Identifier: 5493002T5BE3YCTKTE20
Further to the announcement made on 17 September 2020, the
Company announces the publication of a circular (the "Circular")
and notice of general meeting (the "GM"), which has been posted to
Shareholders for the purpose of proposing a vote on the liquidation
of the Company (the "Proposals"). The detailed reasons for and
background to the Proposals are set out in the Circular. The
Circular also contains details of the timetable for the suspension
and cancellation of the Company's listing and trading. The
Proposals requires the approval of not less than 75 per cent of the
votes cast by Shareholders at the GM.
The Circular will be available to download from the Company
website ( www.jpmbrazil.co.uk ) and National Storage Mechanism (
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .)
shortly.
The current timetable for the Proposals are as follows:
2020
Publication of circular 16 October
Date from which it is advised that dealings close of business on 12
in Ordinary Shares should only be for November
cash settlement and immediate delivery
of documents of title
Latest time and date for receipt of Forms 11.00 a.m. on 12 November
of Proxy from Shareholders for use at
the General Meeting
Latest time for delivery to Registrars 5.00 p.m. on 13 November
of documents of title relating to dealings
in Ordinary Shares subject to cash settlement
Close of the Register and Record Date 6.00 p.m. on 13 November
for participation in the Members' Voluntary
Liquidation
Suspension of Ordinary Shares from trading 7.30 a.m. on 16 November
on the London Stock Exchange and suspension
of listing on the Official List
General Meeting to approve the Members' 11.00 a.m. on 16 November
Voluntary Liquidation and, if approved,
the appointment of the Joint Liquidators
Announcement of the result of the General 16 November
Meeting
Cancellation of the listing of the Ordinary 8.00 a.m. on 17 November
Shares on the Official List and cancellation
of admission to trading of the Ordinary
Shares on the Main Market
Expected date for payment of Initial Distribution* on or about 27 November
* Actual date to be determined by the Joint Liquidators
All references are to London time.
The dates and times set out in the expected timetable above may
be adjusted by the Company, in which event details of the new dates
and/or times will be notified to the FCA and the London Stock
Exchange, and an announcement will be made through a Regulatory
Information Service.
The Company's shares will be suspended from trading at 7:30 a.m.
on 16 November 2020 in advance of the GM. Conditional on the
approval of Shareholders at the GM, the Board proposes to appoint
Patrick Brazzill and Richard Barker of Ernst & Young LLP as the
joint liquidators of the Company (together the "Joint
Liquidators").
Immediately upon and with effect from the appointment of the
Joint Liquidators at the GM, the powers of the Board will cease,
the Joint Liquidators will wind up the affairs of the Company, and
listing of the Ordinary Shares on the Official List and admission
to trading of the Ordinary Shares on the Main Market will be
cancelled with effect from 8.00 a.m. on 17 November 2020 following
which the Company's shares will no longer be tradeable.
No mechanism to enable the Company's shares to be traded
following cancellation will be made available to shareholders and
the Company's shares will not be transferable once the Company
enters liquidation without the consent of the Liquidators.
Enquiries:
JPMorgan Funds Limited
Katie Standley
Fin Bodman 020 7742 4000
Numis Securities Limited
David Benda
George Shiel 020 7260 1000
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END
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