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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Jpmorgan Brazil Investment Trust Plc | LSE:JPB | London | Ordinary Share | GB00B602HS43 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 66.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMJPB
RNS Number : 3884C
JPMorgan Brazil Investment Trust
16 October 2020
JPMORGAN BRAZIL INVESTMENT TRUST PLC (the "Company")
Publication and posting of Circular
and
Timetable for suspension and cancellation of the Company's listing and trading and voluntary winding-up of the Company
16 October 2020
Legal Entity Identifier: 5493002T5BE3YCTKTE20
Further to the announcement made on 17 September 2020, the Company announces the publication of a circular (the "Circular") and notice of general meeting (the "GM"), which has been posted to Shareholders for the purpose of proposing a vote on the liquidation of the Company (the "Proposals"). The detailed reasons for and background to the Proposals are set out in the Circular. The Circular also contains details of the timetable for the suspension and cancellation of the Company's listing and trading. The Proposals requires the approval of not less than 75 per cent of the votes cast by Shareholders at the GM.
The Circular will be available to download from the Company website ( www.jpmbrazil.co.uk ) and National Storage Mechanism ( https://data.fca.org.uk/#/nsm/nationalstoragemechanism .) shortly.
The current timetable for the Proposals are as follows:
2020 Publication of circular 16 October Date from which it is advised that dealings close of business on 12 in Ordinary Shares should only be for November cash settlement and immediate delivery of documents of title Latest time and date for receipt of Forms 11.00 a.m. on 12 November of Proxy from Shareholders for use at the General Meeting Latest time for delivery to Registrars 5.00 p.m. on 13 November of documents of title relating to dealings in Ordinary Shares subject to cash settlement Close of the Register and Record Date 6.00 p.m. on 13 November for participation in the Members' Voluntary Liquidation Suspension of Ordinary Shares from trading 7.30 a.m. on 16 November on the London Stock Exchange and suspension of listing on the Official List General Meeting to approve the Members' 11.00 a.m. on 16 November Voluntary Liquidation and, if approved, the appointment of the Joint Liquidators Announcement of the result of the General 16 November Meeting Cancellation of the listing of the Ordinary 8.00 a.m. on 17 November Shares on the Official List and cancellation of admission to trading of the Ordinary Shares on the Main Market Expected date for payment of Initial Distribution* on or about 27 November
* Actual date to be determined by the Joint Liquidators
All references are to London time.
The dates and times set out in the expected timetable above may be adjusted by the Company, in which event details of the new dates and/or times will be notified to the FCA and the London Stock Exchange, and an announcement will be made through a Regulatory Information Service.
The Company's shares will be suspended from trading at 7:30 a.m. on 16 November 2020 in advance of the GM. Conditional on the approval of Shareholders at the GM, the Board proposes to appoint Patrick Brazzill and Richard Barker of Ernst & Young LLP as the joint liquidators of the Company (together the "Joint Liquidators").
Immediately upon and with effect from the appointment of the Joint Liquidators at the GM, the powers of the Board will cease, the Joint Liquidators will wind up the affairs of the Company, and listing of the Ordinary Shares on the Official List and admission to trading of the Ordinary Shares on the Main Market will be cancelled with effect from 8.00 a.m. on 17 November 2020 following which the Company's shares will no longer be tradeable.
No mechanism to enable the Company's shares to be traded following cancellation will be made available to shareholders and the Company's shares will not be transferable once the Company enters liquidation without the consent of the Liquidators.
Enquiries:
JPMorgan Funds Limited Katie Standley Fin Bodman 020 7742 4000 Numis Securities Limited David Benda George Shiel 020 7260 1000
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 rns@lseg.com or visit www.rns.com.
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END
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(END) Dow Jones Newswires
October 16, 2020 12:09 ET (16:09 GMT)
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