Jupiter UK Growth Inv Trust PLC Update on the future of the company (3307H)
03 Diciembre 2020 - 1:00AM
UK Regulatory
TIDMJUKG
RNS Number : 3307H
Jupiter UK Growth Inv Trust PLC
03 December 2020
Jupiter UK Growth Investment Trust PLC (the "Company")
Legal Entity Identifier: 549300QSBKGE8ZO08A97
3 December 2020
Update on the future of the Company
On 14 October 2020, the Board announced that it was considering
the best options for the future of the Company and that it believed
that the best option was to liquidate the Company so that
shareholders would have the ability to roll their investment into
another investment vehicle or receive cash.
The Company is now pleased to announce that it has agreed in
principle to proposals with Brown Advisory Funds plc under which
the Company, through a scheme of reconstruction expected to be
effected in the Company under section 110 of the Insolvency Act
1986, will be wound up voluntarily and shareholders will be offered
a choice of:
-- the default option of rolling over their investment on a cost
and tax efficient basis into new shares to be issued by the Brown
Advisory Global Leaders Fund, being a sub-fund of Brown Advisory
Funds plc (the "Rollover Fund"); and/or
-- electing for a cash exit calculated in accordance with the
Company's articles of association.
Brown Advisory Funds plc is an open-ended Irish-domiciled UCITS
umbrella fund with segregated liability between sub-funds,
authorised by the Central Bank of Ireland. The Rollover Fund's
investment objective is to achieve capital appreciation by
investing primarily in global equities and it has been selected as
the rollover option having taken into account shareholder feedback.
It is currently proposed that Sterling Class B distribution shares
in the Rollover Fund will be issued.
Shareholder documentation setting out full details of the
proposed scheme of reconstruction, the rollover option and
convening the necessary shareholder meeting will be sent out in due
course.
For further information, please contact:
Numis Securities Limited
David Benda, Investment Banking
d.benda@numis.com
Tel. 020 7260 1275
Jupiter Asset Management Limited
Magnus Spence, Head of Investment Trusts and Alternatives
investmentcompanies@jupiteram.com
Tel. 020 3817 1000
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