Share Name Share Symbol Market Type Share ISIN Share Description
Jpel Private Equity Limited LSE:JPEL London Ordinary Share GG00BMDQPC56 USD EQTY SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1.04 1.034 1.046 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -9.2 -6.0 - 212

JPEL Private Equity Limited Replacement Completion of 7th Mandatory Redemption

01/04/2020 5:35pm

UK Regulatory (RNS & others)

Jpel Private Equity (LSE:JPEL)
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From Oct 2019 to Oct 2020

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RNS Number : 4874I

JPEL Private Equity Limited

01 April 2020

JPEL Private Equity Limited

Ground Floor

Cambridge House

Le Truchot, St Peter Port

Guernsey, GY1 1WD


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Please note that the following replaces the 'Completion of Seventh Mandatory Redemption" announcement released on 01 Apr 2020 at 15:33 under RNS No 4583I. The only change to the original announcement is a correction in the number of shares held by the Directors.

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The Board of Directors of JPEL Private Equity Limited ("JPEL" or the "Company") is pleased to announce that the partial mandatory redemption of the Company's US$ Equity Share class announced on 25 March 2020 has been completed with the redemption of 22,346,190 US$ Equity Shares ("Mandatory Redemption").

On 01 April 2020, JPEL redeemed 22,346,190 US$ Equity Shares, on a pro rata basis, at the prevailing NAV per US$ Equity Share of $1.79 as at 31 December 2019. Such shares were cancelled automatically following their redemption.

Fractions of shares produced by the applicable redemption ratios have not been redeemed and so the number of shares redeemed in respect of each shareholder has been rounded down to the nearest whole number of shares.

Payments of redemption proceeds are expected to be effected either through CREST (in the case of shares held in uncertificated form) or by cheque (in the case of shares held in certificated form) on or around 9 April 2020. Any share certificates for the balance of holdings of shares will also be despatched to shareholders on or around 9 April 2020.

The US$ Equity Shares were disabled in CREST on the record date (31 March 2020) and the existing ISIN number GG00BKTRF395 (the "Old ISIN") has expired. The new ISIN number GG00BMDQPC56 (the "New ISIN") in respect of the remaining 129,101,529 US$ Equity Shares which have not been redeemed will be enabled and will be available for transactions on 01 April 2020.

Inclusive of this Mandatory Redemption, JPEL will have returned $339.2 million to US$ Equity Shareholders, or approximately 71% of the Company's NAV and 89% of market capitalization at 31 October 2016 (being the date of the Company's first mandatory redemption).


As a result of the Mandatory Redemption described above, Sean Hurst, Christopher Spencer and Tony Dalwood are expected, immediately following the redemption date, to hold approximately 9,521, 11,487 and 48,798 US$ Equity Shares, respectively.

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About JPEL Private Equity Limited

JPEL Private Equity Limited is a Guernsey registered and incorporated, London Stock Exchange-listed, closed-ended investment company (LSE: JPEL) designed primarily to invest in the global private equity market. The investment objective of the Company is to achieve both short and long-term capital appreciation by investing in a well-diversified portfolio of private equity fund interests and by capitalising on the inefficiencies of the secondary private equity market.


FCF JPEL Management LLC

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit



(END) Dow Jones Newswires

April 01, 2020 12:35 ET (16:35 GMT)

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