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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Fleming Inc'o1' | LSE:AK29 | London | Ordinary Share | GB0031389538 | ORD INC 25P 'O1' RIGHTS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:4145S Fleming Inc & Cap Inv Tst PLC 5 March 2002 THE ISSUER ADVISES THAT THIS ANNOUNCEMENT REPLACES THE ANNOUNCEMENT MADE AT 10.08 HRS TODAY UNDER RNS NO. 4044S. IT CORRECTS THE NUMBERS OF SHARES IN ISSUE. ALL OTHER DETAILS REMAIN UNCHANGED. THE FULL AMENDED TEXT APPEARS BELOW. 5 March 2002 JPMORGAN FLEMING INCOME & CAPITAL INVESTMENT TRUST PLC (THE "COMPANY") Further to the announcement made yesterday by The Fleming Income & Capital Investment Trust plc, this announcement provides further details on JPMorgan Fleming Income & Capital Investment Trust plc. The initial gross assets of the Company are approximately £173.52 million which is broken down as follows: Per cent. of Gross Assets No. of Shares £m Bank Debt 19.0% - 33.00 JPMFIC Zeros 38.0% 65,850,982 65.85 JPMFIC Ordinary Shares 43.0% 74,673,900 74.67 100.0% 173.52 The scheme of reconstruction of The Fleming Income & Capital Investment Trust plc ("FICIT") The results of the elections under the FICIT's scheme of reconstruction were as follows: Proportion electing Proportion electing for cash for shares in the Company FICIT Ordinary Income Shares 55.5% 44.5% FICIT Zero Dividend Preference Shares 59.4% 40.6% FICIT Units 69.9% 30.1% Under the Scheme, it has not been necessary for the Directors of the Company, in conjunction with UBS Warburg, to apply any scaling back to Shareholders whose elections for JPMFIC Shares have therefore been satisfied in full. Placing and Offer for Subscription 2,838,564 JPMFIC Zeros have been allotted under the Placing and Offer for Subscription (including those arising from JPMFIC Units allotted under the Placing and Offer for Subscription). As priority was given to elections made under the Scheme by FICIT shareholders, it was not been possible to satisfy in full the considerable demand for the JPMFIC Zeros under the Placing and Offer for Subscription. James Roe, director of The Fleming Income & Capital Investment Trust plc and JPMorgan Fleming Income & Capital Investment Trust plc said: "I am very pleased that we have been able to satisfy the strong demand from FICIT shareholders for a tax-efficient rollover into the new investment trust". David Barron, vice president, J. P. Morgan Fleming Asset Management (UK) Limited said: "JPMorgan Fleming Income & Capital has got off to an excellent start. Investors continue to appreciate large, liquid and conservatively structured trusts, especially where there is no exposure to other split-capital trusts in the portfolio. This is shown by the high level of roll-over elections by Fleming Income & Capital Shareholders and the over-subscription for the zero dividend preference shares in the offer for subscription and placing". Enquiries J.P. Morgan Fleming Asset Management (UK) Limited Craig Cleland 020 7742 3418 Robert Peel 020 7742 3422 David Barron 020 7742 3475 UBS Warburg Ltd. Will Rogers 020 7568 2939 John Korwin-Szymanowski 020 7568 4219 Ivo Coulson 020 7568 0299 Phil Higgs 020 7568 0960 JohnTappenden 020 7568 4678 This information is provided by RNS The company news service from the London Stock Exchange
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