JPMorgan Global Core Real Assets Ld COMPULSORY PARTIAL REDEMPTION OF SHARES

RNS Number : 8053Y

JPMorgan Global Core Real Assets Ld

28 February 2025

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

 

JPMORGAN GLOBAL CORE REAL ASSETS LIMITED

("JARA" or the "Company")

 

Compulsory Partial Redemption of Shares

 

Legal Entity Identifier: 549300D8JHZTH6GI8F97

 

Further to its announcement of 6 February 2025 confirming its intention to return approximately £33.7m to Shareholders by way of a compulsory partial redemption of Shares, the Board of JARA confirms that the Company has now redeemed 34,748,578 Shares (representing approximately 16.88 per cent. of the Company's issued share capital) for cancellation at a Redemption Price of 97.0465 pence per Share. The redeemed Shares were disabled in CREST after close of business on 27 February 2025, and the ISIN relating thereto, GG00BJVKW831, expired at the same time.

Fractions of Shares produced by the applicable redemption ratio have not been redeemed and therefore the number of Shares redeemed in respect of each Shareholder has been rounded down to the nearest whole number of Shares.

Payments of redemption monies 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) in pounds Sterling by 19 March 2025. Any certificates currently in circulation will be superseded by a new certificate which will be distributed to Shareholders.

The new ISIN, GG00BP6KKQ44, in respect of the remaining Shares which have not been redeemed (the "New ISIN") has been enabled and is available for transactions from and including 28 February 2025. CREST will automatically transform any open transactions as at the Redemption Date into the New ISIN.

Following the redemption, the Company has 171,071,560 Shares in issue and does not hold any Shares in Treasury. Therefore, the total number of voting rights in the Company is 171,071,560 and may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Shareholders should note that the Board retains absolute discretion as to the execution, extent and timing of any further redemptions.

Capitalised terms used but not defined in this announcement will have the same meaning as set out in the Circular.

28 February 2025

For further information, please contact:

 

Emma Lamb / Neil Martin / William Talkington

For and on behalf of

JPMorgan Funds Limited - Company Secretary

Telephone [phone] (or [phone])

E-mail: [e-mail]

 

 

David Yovichic / Tom Skinner

Investec Bank plc - Broker

Telephone: [phone]

 

 

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