JPMorgan Income & Capital Trust PLC Scheme Entitlements (2829G)

TIDMJPIA TIDMJPIC TIDMJPZB TIDMJPZD

RNS Number : 2829G

JPMorgan Income & Capital Trust PLC

28 February 2018

28 February 2018

JPMORGAN INCOME & CAPITAL TRUST PLC

Scheme Entitlements

Legal Entity Identifier: 549300VB8OIJVLR6HX75

Following the passing of the Resolutions put forward at the Company's First General Meeting and Class Meetings, the Company is pleased to announce the FAV per Ordinary Share and Final Capital Entitlement per ZDP Share as at the Calculation Date and calculated in accordance with the terms of the Scheme, are as follows:

 
                                                        100.643164 pence 
        *    FAV per Ordinary Share: 
                                                        192.132627 pence 
        *    Final Capital Entitlement per ZDP Share: 
 

On the basis of the above FAV per Ordinary Share and Final Capital Entitlement per ZDP Share, the value attributable to each Unit is 393.418955 pence (being the aggregate of the FAV per Ordinary Share multiplied by two and the Final Capital Entitlement per ZDP Share).

Shareholders and Unitholders will receive the following number of New MATE Shares according to their Elections, and/or deemed Elections:

For Shareholders and Unitholders that elected to receive New MATE Shares:

-- each Ordinary Share with "A" Rights will roll over into approximately 1.00643164 New MATE Shares; and

   --     each ZDP Share with "B" Rights will roll over into approximately 1.92132627 New MATE Shares. 

For Shareholders and Unitholders that elected to receive cash:

   --     each Ordinary Share with "C" Rights will entitle the holder to 100.643164 pence in cash; and 
   --     each ZDP Share with "D" Rights will entitle holder to 192.132627 pence in cash. 

Terms used and not defined in this announcement have the meanings given in the Company's circular dated 24 January 2018 unless the context otherwise requires.

For further information, please contact:

 
 JPMorgan Funds Limited              [phone] 
  Paul Winship, Company Secretary     4000 
 Winterflood Investment Trusts 
  Neil Langford                      [phone] 
  Chris Mills                         0000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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February 28, 2018 10:06 ET (15:06 GMT)