Jupiter Emerging & Frontier Inc.Tst Reduction of the share premium account (6731N)
August 10 2017 - 7:41AM
UK Regulatory
TIDMJEFI
RNS Number : 6731N
Jupiter Emerging & Frontier Inc.Tst
10 August 2017
Jupiter Emerging & Frontier Income Trust PLC (the
"Company")
Reduction of the share premium account
As stated in the Company's prospectus dated 19 April 2017, in
order to increase the distributable reserves available to
facilitate the payment of future dividends, the Company had
resolved that, conditional upon First Admission and the approval of
the Court, the amount standing to the credit of the share premium
account of the Company immediately following completion of the
First Issue be cancelled and transferred to a special distributable
reserve.
The Company is pleased to announce that, following the approval
of the Court and the subsequent registration of the Court order
with the Registrar of Companies on 9 August 2017, the reduction has
now become effective. Accordingly, the amount of GBP87,484,899.86
previously held in the share premium account has been cancelled and
will be transferred to a special distributable reserve.
Given that the Company has issued further shares subsequent to
First Admission, there is a balance remaining to the credit of the
share premium account following the above cancellation.
For further information, please contact:
Jupiter Asset Management Limited
Richard Pavry
Telephone: 020 3817 1000
10 August 2017
This information is provided by RNS
The company news service from the London Stock Exchange
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