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JEFI Jupiter Emerging & Frontier Income Trust Plc

94.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jupiter Emerging & Frontier Income Trust Plc LSE:JEFI London Ordinary Share GB00BDR05757 RED ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 94.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Jupiter Emerging & Frontier Inc.Tst Annual Voluntary Redemption of Ordinary Shares (8075X)

01/05/2019 5:03pm

UK Regulatory


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RNS Number : 8075X

Jupiter Emerging & Frontier Inc.Tst

01 May 2019

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, SOUTH AFRICA, In any Member State of the EEA (other than the UNITED KINGDOM) OR IN ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL

This announcement is not an offer to sell, or a solicitation of an offer to acquire, securities in the United States or in any other jurisdiction in which the same would be unlawful. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.

JUPITER EMERGING & FRONTIER INCOME TRUST PLC (the "Company")

1 May 2019

VOLUNTARY REDEMPTION OF ORDINARY SHARES

YOU DO NOT HAVE TO TAKE ANY ACTION IF YOU WISH TO RETAIN YOUR SHARES

The Company operates a voluntary redemption facility through which shareholders may request the redemption of all or part of their holding of redeemable ordinary shares of 1p each ("Ordinary Shares") for cash on the last business day in June each year.

There is no requirement for shareholders to take any action should they wish to retain their Ordinary Shares. As at close of business on 30 April 2019, the Ordinary Share price was 98.80p and the net asset value (including current period revenue) was 101.84p per Ordinary Share, therefore the Ordinary Shares were trading at a 2.99% discount.

A redemption of Ordinary Shares may be subject to income tax and/or capital gains tax. In particular, private shareholders that sell their shares via the redemption mechanism could find they are subject to income tax on the gains made on the redeemed shares rather than the more usual capital gains tax on the sale of their shares in the market. However, individual circumstances do vary, therefore shareholders who are in any doubt about the redemption or the action that should be taken should seek independent professional advice.

None of the Directors of the Company will be redeeming any of their shares under the redemption facility.

Shareholders submitting valid requests for the redemption of Ordinary Shares will have their shares redeemed at the Redemption Price or the Company, at its discretion, may arrange for some or all of such shares to be sold on a matched bargain basis at the Redemption Price.

The Directors may elect, at their absolute discretion, to calculate the Redemption Price on either of the following bases:

 
 1.                The Redemption Price shall be equal to the Dealing Value 
                    per Ordinary Share calculated as at the appropriate Valuation 
                    Point on the appropriate Redemption Point; or 
 
 2.                The Directors may elect to calculate the Redemption Price 
                    by reference to the amount generated upon the realisation 
                    of a Redemption Pool created for the purpose of funding 
                    the redemption. 
 

The Directors are minded to approve all valid redemption requests unless there are exceptional reasons why this would be contrary to the interests of shareholders.

Shareholders wishing to request the redemption of all or any of their Ordinary Shares at the proposed Redemption Point should deliver to the Company's Registrar, Link Asset Services, a duly completed Redemption Request form together with their share certificate or Transfer to Escrow ("TTE") instruction (in respect of shares held in uncertificated form) in accordance with the timetable set out below. Redemption Request forms are available for download from the Company's website at www.jupiteram.com/JEFI, on request from the Company Secretary by email to investmentcompanies@jupiteram.com and from the Company's Registrar, Link Asset Services on 0371 664 0300 (+44 (0) 371 664 0300 if calling from outside the United Kingdom), or by email at shareholderenquiries@linkgroup.co.uk. Calls are charged at the standard geographic rate and will vary by provider. Calls outside the United Kingdom will be charged at the applicable international rate. The helpline is open between 9.00 am - 5.30 pm, Monday to Friday, excluding public holidays in England and Wales. Please note that Link Asset Services cannot provide any financial, legal or tax advice and calls may be recorded and monitored for security and training purposes.

The relevant dates for the June 2019 Redemption Procedure are outlined below:

 
 31 May 2019            Latest date for receipt of Redemption 
                         Requests and certificates for certificated 
                         shares. 
 
 3.00 pm on 31 May      Latest date and time for receipt of Redemption 
  2019                   Requests and TTE instructions for uncertificated 
                         shares via CREST (Participant ID will 
                         be RA10 and Account ID will need to be 
                         JEFIREDN) 
 
 5.00 pm on 28 June     The Redemption Point. 
  2019 
 
 On or before 12 July   Company to notify Redemption Price and 
  2019                   dispatch redemption monies; or 
 
                        If the redemption is to be funded by way 
                         of a Redemption Pool, Company to notify 
                         the number of shares being redeemed. 
 
                        Notification of Redemption Price and dispatch 
                         of redemption monies to take place as 
                         soon as practicable thereafter. 
 
 On or before 26 July   Balance certificates to be sent to shareholders 
  2019                   (where applicable). 
 

Further details of the redemption facility are set out in the Company's Articles of Association, and the Share Issuance Programme prospectus issued on 19 April 2017. Both documents are available for download from the Company's website at www.jupiteram.com/JEFI.

The Directors of the Company have discretion over the operation of the redemption facility and the calculation of the Redemption Price.

Defined terms in the announcement have the same meaning as set out in the Articles of Association, a copy of which may be obtained from the Company Secretary.

Enquiries:

Richard Pavry

Jupiter Asset Management Limited, Company Secretaries

020 7412 0703

investmentcompanies@jupiteram.com

Link Asset Services

0371 664 0300

shareholderenquiries@linkgroup.co.uk

Luke Simpson

Peel Hunt LLP

020 7418 8900

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.

END

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(END) Dow Jones Newswires

May 01, 2019 12:03 ET (16:03 GMT)

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