FTSE Russell Scottish Investment Trust PLC (0777W)

TIDMSCIN TIDMJGGI

RNS Number : 0777W

FTSE Russell

15 August 2022

Scottish Investment Trust (UK): Scheme of Reconstruction with JPMorgan Global Growth & Income (UK)

Informative Notice

15 August 2022

 
 FTSE Russell notes the proposed Scheme of Reconstruction and voluntary liquidation of Scottish 
  Investment Trust (UK, 0782609, FTSE SmallCap Index) whereby shareholders will receive shares 
  in JPMorgan Global Growth & Income (UK, BYMKY69, FTSE 250 Index) in exchange for their current 
  holdings. Scottish Investment Trust is expected to suspend prior to the disclosure of the 
  stock terms. 
 
  Subject to shareholder approval and based on the current timetable, FTSE Russell anticipates 
  the following treatment: 
 
  Wednesday 31 August 2022: 
 
  Expected suspension in Scottish Investment Trust shares. 
 
  Expected announcement of the stock terms. 
 
  In the absence of an active market, the close price for Scottish Investment Trust will be 
  updated to reflect the stock terms in JPMorgan Global Growth & Income shares until it is removed. 
 
  FTSE Russell expects to announce confirmed index changes, subject to the timely announcement 
  of the stock terms. 
 
  Thursday 01 September 2022: 
 
  Expected settlement of terms and listing of the newly issued shares. 
 
  Monday 05 September 2022 (at the earliest, assuming two days' notice subsequent to disclosure 
  of stock terms) : 
 
  Scottish Investment Trust will be deleted from FTSE Russell Indices. 
 
  JPMorgan Global Growth & Income will remain within its existing indices with shares increased 
  in accordance with the stock terms. 
 
  FTSE Russell will issue further notices confirming index treatment in due course. 
 
 
 
 
 
 For further information please contact FTSE Russell Client Services at [e-mail] 
                             or call: Australia    [phone] 
                                  Hong Kong    [phone] 
                                 Japan        [phone] 
                               London       [phone] 
                                  New York     [phone] 
 
                Alternatively please visit our website at www.ftserussell.com 
 
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August 15, 2022 12:30 ET (16:30 GMT)