Jupiter UK Growth Inv Trust PLC Result of First GM, Elections and update on DRIP (3004S)
15 Marzo 2021 - 8:00AM
UK Regulatory
TIDMJUKG
RNS Number : 3004S
Jupiter UK Growth Inv Trust PLC
15 March 2021
Jupiter UK Growth Investment Trust PLC (the "Company")
Legal Entity Identifier: 549300QSBKGE8ZO08A97
15 March 2021
Result of First General Meeting, Elections and update on
DRIP/treasury shares
Result of First General Meeting
In connection with the proposals for the reconstruction and
voluntary winding -- up of the Company with the option of a
rollover into the Brown Advisory Global Leaders Fund ("BAGL"), the
Board is pleased to announce that all Resolutions, which were put
forward at the First General Meeting, have been voted on and passed
by Shareholders.
The results of the First General Meeting, which incorporate
proxy votes lodged in advance of the meeting, are set out
below:
Resolution Votes For % Votes Against % Votes Total % Votes Withheld
ISC
1. To reclassify
the Ordinary
Shares and
amend the Articles. 2,098,330 99.0 21,097 1.0 2,119,427 14.6 32,599
---------- ----- -------------- ---- ------------ ----- ---------------
2. To approve
the Scheme,
to further
amend the Articles
and to instruct
the Liquidators
to give effect
to the Scheme. 2,098,336 99.0 21,097 1.0 2,119,433 14.6 32,593
---------- ----- -------------- ---- ------------ ----- ---------------
The full text of the Resolutions can be found in the Notice of
First General Meeting contained in the Company's Circular dated 19
February 2021 which is available for viewing at the National
Storage Mechanism which can be located at
www.morningstar.co.uk/uk/NSM and on the Company's website,
www.jupiteram.com/uk/en/professional/jupiter-uk-growth-investment-trust-plc.
Cancellation of Treasury Shares
The Company announces that it has today cancelled all of the
15,156,956 outstanding ordinary shares held in treasury. Following
this cancellation the issued share capital of the Company comprises
14,564,722 ordinary shares of which none are held in treasury. For
reporting purposes under the FCA's Disclosure and Transparency
Rules the market should use the figure 14,564,722 when determining
if they are required to notify their interest in, or a change to
their interest in the Company.
Results of Elections
Pursuant to the Scheme, the Company has received the following
Elections (including deemed elections) in connection with the
Proposals:
Options Elections from Ordinary Shareholders
Rollover Option 2,893,346
-------------------------------------
Cash Option 11,671,376
-------------------------------------
Therefore, the Company's Ordinary Shares will be reclassified as
follows:
-- 2,893,346 Ordinary Shares with "A" rights -- being Ordinary
Shares with the entitlement to receive BAGL Shares.
-- 11,671,376 Ordinary Shares with "B" rights -- being Ordinary
Shares with the entitlement to receive cash.
The amendment to the listing of the Shares has been requested
and dealings in the Reclassified Shares are expected to commence at
8:00 a.m. on 25 March 2021, and the listing and dealings in
Reclassified Shares is subsequently expected to be suspended at
7:00 a.m. on 26 March 2021.
Dividend Reinvestment Plan ("DRIP")
On 19 February 2021 the Company announced an interim dividend
for period 1 July 2020 to 15 March 2021, of 1.5 pence (net) per
ordinary share which will be paid on 24 March 2021 to those
Ordinary shareholders on the register as at 5 March 2021. As it is
anticipated that the Company will be wound up following the
conclusion of the Second General Meeting to be held on 26 March
2021 shareholders should note that the Dividend Reinvestment Plan
has been suspended and entitlements in respect of this interim
dividend will not be re-invested pursuant to the DRIP.
Defined terms used in this announcement have the meanings given
in the Company's Circular dated 19 February 2021 unless the context
otherwise requires.
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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