Jupiter Second Split Trust PLC Final entitlements of shareholders (0936W)

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

[e-mail]

020 7314 4822

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLIFFALALSIIS