Jupiter Dividend & Growth Trust PLC Result of General Meetings (2866X)

TIDMJDT

RNS Number : 2866X

Jupiter Dividend & Growth Trust PLC

22 November 2017

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA OR THE REPUBLIC OF SOUTH AFRICA

22 November 2017

JUPITER DIVIDEND & GROWTH TRUST PLC

Results of Shareholder Meetings and Results of Rollover Elections

Results of Meetings:

In connection with the proposals for the reconstruction, voluntary winding-up and rollover of Jupiter Dividend & Growth Trust PLC (the 'Company') into Jupiter UK Growth Investment Trust PLC ('Jupiter UK Growth'), the Board is pleased to announce that all Resolutions, which were put forward at each of the Class Meetings and the First General Meeting, have been voted on and passed by Shareholders.

The results of the General Meetings, which incorporate proxy votes lodged in advance of the meeting, are set out in the Appendix.

The full text of the Resolutions can be found in the Notices of Class Meetings and Notice of First General Meeting contained in the Company's Circular dated 19 October 2017 which is available for viewing at the National Storage Mechanism which can be located at http://www.morningstar.co.uk/uk/NSM and on the Company's website, www.jupiteram.com/JDT.

Results of Elections:

Pursuant to the Scheme, the Company received the following Elections (including deemed elections) in connection with the Proposals:

 
 Options           Elections       Elections       Elections 
                    from ZDP        from Common     from Ordinary 
                    Shareholders    Shareholders    Income Shareholders 
----------------  --------------  --------------  --------------------- 
 Jupiter 
  UK Growth 
  Shares Option    14,991,786      2,174,291       72,123,016 
----------------  --------------  --------------  --------------------- 
 Cash Option       17,127,245      5,879,754       19,552,317 
----------------  --------------  --------------  --------------------- 
 

Therefore, the Company's ZDP Shares will be reclassified as follows:

-- 14,991,786 ZDP Shares with "A1" rights - being ZDP Shares with the entitlement to receive Jupiter UK Growth Shares.

-- 17,127,245 ZDP Shares with "B1" rights - being ZDP Shares with the entitlement to receive the Cash Option.

The Company's Common Shares will be reclassified as follows:

-- 2,174,291 Common Shares with "A2" rights - being Common Shares with the entitlement to receive Jupiter UK Growth Shares.

-- 5,879,754 Common Shares with "B2" rights - being Common Shares with the entitlement to receive the Cash Option.

The Company's Ordinary Income Shares will be reclassified as follows:

-- 72,123,016 Ordinary Income Shares with "A3" rights - being Ordinary Income Shares with the entitlement to receive Jupiter UK Growth Shares.

-- 19,552,317 Ordinary Income Shares with "B3" rights - being Ordinary Income Shares with the entitlement to receive the Cash Option.

The amendment to the listing of the Shares has been requested and dealings in the Reclassified Shares are expected to commence at 8:00 a.m. on Wednesday 29 November 2017, and the listing and dealings in Reclassified Shares is subsequently expected to be suspended at 7:30 a.m. on Thursday 30 November 2017.

Defined terms used in this announcement have the meanings given in the Company's Circular dated 19 October 2017 unless the context otherwise requires.

For further information, please contact:

 
 Jupiter Asset Management Limited    [phone] 
  Richard Pavry                       1496 
 Numis Securities Limited            [phone] 
  Nathan Brown                        1426 
 

APPENDIX:

ZDP Shareholders' Class Meeting Results

 
  Resolution number      Votes       %      Votes      %       Votes       %       Votes 
                          For               Against            Total      ISC     Withheld 
--------------------  ----------  ------  ---------  -----  ----------  ------  ---------- 
 1. To approve 
  the special 
  resolutions 
  to be proposed 
  at the First 
  General Meeting 
  and to approve 
  any variation 
  to the special 
  rights attached 
  to their shares 
  resulting from 
  the amendments 
  to the Articles 
  proposed pursuant 
  to the Proposals.    3,691,137   99.73    10,026    0.27   3,701,163   11.52    28,269 
--------------------  ----------  ------  ---------  -----  ----------  ------  ---------- 
 

Common Shareholders' Class Meeting Results

 
  Resolution number      Votes       %      Votes      %       Votes       %       Votes 
                          For               Against            Total      ISC     Withheld 
--------------------  ----------  ------  ---------  -----  ----------  ------  ---------- 
 1. To approve 
  the special 
  resolutions 
  to be proposed 
  at the First 
  General Meeting 
  and to approve 
  any variation 
  to the special 
  rights attached 
  to their shares 
  resulting from 
  the amendments 
  to the Articles 
  proposed pursuant 
  to the Proposals.    4,979,317   99.56    21,923    0.44   5,001,240   62.10       0 
--------------------  ----------  ------  ---------  -----  ----------  ------  ---------- 
 

Ordinary Income Shareholders' Class Meeting Results

 
  Resolution number      Votes       %      Votes      %       Votes      %       Votes 
                          For               Against            Total      ISC    Withheld 
--------------------  ----------  ------  ---------  -----  ----------  -----  ---------- 
 1. To approve 
  the special 
  resolutions 
  to be proposed 
  at the First 
  General Meeting 
  and to approve 
  any variation 
  to the special 
  rights attached 
  to their shares 
  resulting from 
  the amendments 
  to the Articles 
  proposed pursuant 
  to the Proposals.    7,512,790   94.06   474,687    5.94   7,987,477   8.71    77,300 
--------------------  ----------  ------  ---------  -----  ----------  -----  ---------- 
 

First General Meeting Results

 
  Resolution number       Votes        %      Votes      %       Votes        %       Votes 
                            For               Against             Total      ISC     Withheld 
---------------------  -----------  ------  ---------  -----  -----------  ------  ---------- 
 1. To reclassify 
  the ZDP Shares, 
  the Common Shares 
  and the Ordinary 
  Income Shares.        16,295,537   97.02   500,092    2.98   16,795,629   12.74    116,630 
---------------------  -----------  ------  ---------  -----  -----------  ------  ---------- 
 2. To authorise 
  the implementation 
  of the Scheme 
  by the liquidators 
  and amend the 
  Articles for 
  the purpose 
  of implementing 
  the Scheme.           16,304,912   97.06   494,247    2.94   16,799,159   12.74    113,100 
---------------------  -----------  ------  ---------  -----  -----------  ------  ---------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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November 22, 2017 12:41 ET (17:41 GMT)