Jupiter Green Investment Trust Plc - Intention to propose a scheme of reconstruction
December 19 2024 - 2:00AM
UK Regulatory
Jupiter Green Investment Trust Plc -
Intention to propose a scheme of reconstruction
PR Newswire
LONDON, United Kingdom, December 19
Jupiter
Green Investment Trust plc (the "Company")
Legal
Entity Identifier: 549300MFRCR13CT1L845
19 December 2024
Intention
to propose a scheme of reconstruction
On
25 July 2024, the Company as part of
its annual results announced that the Board was currently
evaluating options for the future of the business in recognition
that it may be in the best interests of shareholders for the
Company not to continue in its present form. The Board has
concluded the evaluation of those options and considered
shareholder feedback and today announces it has decided to propose
a scheme of reconstruction and voluntarily liquidation of the
Company (the “Scheme”).
Under the
Scheme shareholders will have the option of electing to (a) roll
over their investment into units in Jupiter Ecology Fund, a unit
trust providing investors access to the same underlying
environmental solutions themes as the Company managed by the same
investment team at Jupiter, a superior performance profile, the
daily liquidity of an open ended fund and lower ongoing costs; or
(b) an uncapped cash exit at a modest discount to Net Asset
Value.
It is
expected that the Scheme will take effect during the first quarter
of 2025. A shareholder circular and notice of general meetings
setting out the full details of the Scheme will be sent to
shareholders in due course.
For
further information, please contact:
Jupiter
Asset Management Limited
|
Nick
Black
|
T: 020
3817 1000
|
Cavendish
Capital Markets Limited
|
Tunga
Chigovanyika
(Corporate Finance)
|
T: +44 (0)
20 7397 1915
|
|
Daniel
Balabanoff/Pauline Tribe
(Sales)
|
T: +44 (0)
20 7220 0500
|
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