Jupiter UK Growth Inv Trust PLC Scheme entitlements (5455T)

TIDMJUKA

RNS Number : 5455T

Jupiter UK Growth Inv Trust PLC

25 March 2021

Jupiter UK Growth Investment Trust PLC (the "Company")

Legal Entity Identifier: 549300QSBKGE8ZO08A97

25 March 2021

Residual Net Asset Value per Share and the Rollover Pool NAV per Share

As at the Calculation Date the scheme entitlements calculated in accordance with the terms of the Scheme are as follows:

   --      Residual Net Asset Value per Share: 239.07 pence 
   --      Rollover Pool NAV per Share: 236.67 pence 
   --      BAGL Share Price: 1,491 pence 

Therefore, Shareholders will receive the following cash and/or number of BAGL Shares:

For Shareholders that elected for the Cash Option:

   --      Each Ordinary Share with B rights attached to it will receive 239.07 pence in cash. 

For Shareholders that elected to receive BAGL Shares:

-- Each Ordinary Share with A rights attached to it will roll over into approximately 0.158732 BAGL Shares.

As noted in the Circular, the Directors have set aside sufficient assets in the Liquidation Pool to meet all estimated liabilities and contingencies, including the costs of the winding up of the Company and the costs of implementing the Scheme. The Directors have also provided in the Liquidation Pool for a Retention of GBP70,000 (equivalent to 0.5p per Ordinary Share as at 24 March 2021) which they, together with the Liquidators, consider sufficient to meet any contingent and unknown liabilities of the Company. The Liquidation Pool will also include an amount of approximately GBP200,000 (equivalent to 1.4p per Ordinary Share as at 24 March 2021) in respect of dividends receivable but not yet received and an amount of GBP105,000 (equivalent to 0.7p per Ordinary Share as at 24 March 2021) in respect of a portfolio investment pending sale and settlement.

The Liquidation Pool will be applied by the Liquidators in discharging all current and future actual and contingent liabilities of the Company and, any balance remaining after discharging such liabilities from the Liquidation Pool will in due course be distributed to Shareholders on the Register on the Winding-up Date pro rata to their respective holdings of Ordinary Shares in accordance with the terms of the Scheme.

Defined terms used in this announcement have the meanings given in the Company's Circular dated 19 February 2021 unless the context otherwise requires.

For further information, please contact:

Numis Securities Limited

David Benda, Investment Banking

[e-mail]

Tel. [phone]

Jupiter Asset Management Limited

Magnus Spence, Head of Investment Trusts and Alternatives

[e-mail]

Tel. [phone]

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March 25, 2021 11:59 ET (15:59 GMT)