Statement re Reclassification of Shares
October 27 2009 - 5:29AM
UK Regulatory
TIDMDCR
RNS Number : 4208B
Defined Capital Return Fund Ltd
27 October 2009
The Defined Capital Return Fund Limited
26 October 2009
Notice of Reclassification of Shares
The directors announce that elections have been received in respect of the
reconstruction and rollover into Jupiter Second Split Trust plc as set out in
the Circular to Shareholders dated 11 September 2009 as follows:
Elections to roll over:
* 12,963,289 Ordinary shares
Elections for cash:
* 15,036,711 Ordinary shares
Reclassification of the shares in accordance with the Scheme will take effect
from 8 a.m. on 2 November 2009. Application has been made to the UK Listing
Authority, to amend the Official List to reflect the necessary share
reclassification, and to the London Stock Exchange, to allow trading in the
Company's shares to recommence. The Company's shares will be reclassified as
follows:
* 11,782,463 Ordinary Shares with 'A' rights (rolling into new Zero Dividend
Preference shares in JSS) - JE00B4132T83
* 606,143 Ordinary Shares with 'B' rights (rolling into Packaged Units in JSS) -
JE00B411LQ22
* 15,036,711 Ordinary Shares with 'C' rights (electing for cash) - JE00B40Z0X50
* 574,683 Ordinary Shares with 'D' rights (rolling into new Geared Ordinary shares
in JSS) - JE00B40M0Z80
There will ne no scaling back of elections under the scheme. The reclassified
shares individual rights are set out in full in the Circular of 11 September
2009.
Settlement
Reclassified securities will be issued in uncertificated form. Only CREST
accounts will be credited with the reclassified securities on 2 November.
Shareholders who have elected to rollover their investment in to Jupiter Second
Split Trust plc will be issued with share certificates as soon as is practicable
after the Effective Date on 3 November 2009. Shareholders who have elected to
exit their investment (i.e receive cash) will not receive certificates but will
receive their cash entitlement as soon as is practicable after the Effective
Date on 3 November 2009.
CREST accounts will be credited with the Shares and/or cash in respect of the
elections made.
Background Information
The Directors of Jupiter Second Split Trust PLC, Jupiter Second Enhanced Income
Trust PLC and The Defined Capital Return Fund Limited announced on 11 September
2009 the publication of circulars sent to their respective shareholders setting
out details for a rollover opportunity for shareholders in Jupiter Second
Enhanced Income Trust PLC and The Defined Capital Return Fund Limited into
Jupiter Second Split Trust PLC, a new issue of shares by Jupiter Second Split
Trust PLC and the extension of the planned life of Jupiter Second Split Trust
PLC for a further five years to 31 October 2014. Jupiter Second Split Trust PLC
has been managed by Philip Gibbs on behalf of Jupiter Asset Management Limited
since its launch in November 2004.
Links to the individual documents sent to shareholders can be found at the
following website:
http://www.jupiteronline.co.uk/PI/Our_Products/Investment_Companies/Investment+
ompanies.htm
Defined terms used in this announcement shall, unless the context otherwise
requires, bear the meaning given to them the in Circular dated 11 September
2009.
For further information please contact:
Richard Pavry
Director of Investment Trusts
Jupiter Asset Management Limited
020 7314 4822
rpavry@jupiter-group.co.uk
Suzanne Evans
BDO Corporate Finance
020 7486 5888
Suzanne.Evans@bdo.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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