Jupiter Second Split Trust PLC Final entitlements of shareholders (0936W)
November 04 2014 - 4:31AM
UK Regulatory
TIDMJSS
RNS Number : 0936W
Jupiter Second Split Trust PLC
04 November 2014
4 November 2014
Jupiter Second Split Trust PLC
Final entitlements of shareholders
The liquidators of Jupiter Second Split Trust PLC (the
"Company") announce that the estimated NAV as at midday on 31
October 2014 and the amount of the first liquidators' distributions
to shareholders in the Company who are entitled to receive cash in
the Company's liquidation are as follows:
Share Class ISIN Estimated NAV at midday on 31 First liquidators' distribution
October 2014
--------------------------------- -------------- --------------------------------- --------------------------------
Geared Ordinary shares GB00B4268J87 25.84p 24.94p (interim)
--------------------------------- -------------- --------------------------------- --------------------------------
Zero Dividend Preference shares GB00B4264123 40.5p 40.5p (final)
GB00BSBN8V05
GB00BSBN8T82
--------------------------------- -------------- --------------------------------- --------------------------------
Packaged Units (each comprising GB00B40T7695 106.84p 105.94p (interim)
two Zero Dividend Preference
shares and one Geared Ordinary
share)
--------------------------------- -------------- --------------------------------- --------------------------------
The Company has a holding of 723,560 shares in Datawind Inc.,
with a middle market value of approximately GBP1.6million as at 31
October 2014, in relation to which it has entered into a
contractual lock-up whereby the shares in Datawind Inc. may not be
sold until 2015. The sale proceeds from this holding are therefore
not available for distribution at this time. Instead the proceeds
of eventual sale of the Company's holding in Datawind Inc. will
form part of a further liquidators' distribution to Geared Ordinary
Shareholders which is expected to be made within a year of the
Company being placed into liquidation.
Zero Dividend Preference shareholders who have rolled over their
investment into the I-ACC unit class of the Jupiter Strategic
Reserve Fund (ISIN: GB00B7KKF583) received an issue price of 54.32p
per unit, which equates to 0.745582 Units for each Zero Dividend
Preference share previously held (at 40.5p each).
The liquidators anticipate that payments of their first
distribution will take place in the week commencing 3 November 2014
in accordance with the timetable set out in the Company's
reconstruction circular dated 4 September 2014.
Enquiries
Richard Pavry
Head of Investment Trusts
Jupiter Asset Management Limited, Company Secretary
investmentcompanies@jupiter-group.co.uk
020 7314 4822
This information is provided by RNS
The company news service from the London Stock Exchange
END
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