JPMorgan Glbl Con Inc Fnd Ltd Voluntary Liquidation - Publication of Circular (1851O)
September 30 2019 - 8:51AM
UK Regulatory
TIDMJGCI
RNS Number : 1851O
JPMorgan Glbl Con Inc Fnd Ltd
30 September 2019
JPMORGAN GLOBAL CONVERTIBLES INCOME FUND LIMITED
Publication of Circular in connection with voluntary
liquidation
30 September 2019
Legal Entity Identifier: 549300DKZ0OX0PZH5H23
Further to the announcement of 29 August 2019, JPMorgan Global
Convertibles Income Fund Limited (the "Company") today announces
the publication of a circular (the "Circular") in connection with
recommended proposals for a voluntary liquidation of the Company
(the "Liquidation"). In view of the additional costs which would be
incurred in providing a rollover option as part of the Liquidation,
and taking into account the likely limited take-up of such option
based on feedback received from a significant proportion of
Shareholders, the Board has determined that it is in the best
interests of Shareholders not to include a rollover option.
The Circular includes a notice of the Extraordinary General
Meeting to be held at 10:00 a.m. on 28 October 2019 at 1(st) Floor,
Les Echelons Court, Les Echelons, South Esplanade, St Peter Port,
Guernsey GY1 1AR, when Shareholders will be asked to approve
resolutions to effect the Liquidation.
In connection with the Liquidation, the Company has requested
that the listing of its Shares be suspended at 7.30 a.m. on 28
October 2019 and that the listing be cancelled at 8.00 a.m. on 31
October 2019, after the Company has entered liquidation.
The Circular together with the Proxy Form can be found on the
Company's website at http://www.jpmconvertiblesincome.co.uk and is
will shortly be available from the National Storage Mechanism,
which can be accessed via the following link:
http://www.morningstar.co.uk/uk/NSM.
The expected timetable is as follows:
Latest time and date for receipt of the 10.00 a.m. on 24 October
Form of Proxy for the EGM* 2019
Closing of the Company's register and 6.00 p.m. on 25 October
Record Date for participation in liquidation 2019
distributions
Suspension of the listing of the Shares 7.30 a.m. on 28 October
2019
EGM and, if approved, the appointment 10.00 a.m. on 28 October
of the Joint Liquidators 2019
Announcement of the result of the EGM 28 October 2019
Application made for the suspension of 28 October 2019
the Company's registration by the Commission
as a registered closed-ended collective
investment scheme
Cancellation of the listing of the Shares 8.00 a.m. on 31 October
2019
Expected date for payment of Distribution on or about 8 November
2019
* Please note that the latest time for receipt of the Proxy
Appointment in respect of the EGM is 48 hours prior to the
time allotted for the meeting or adjourned meeting (excluding
any non-Business Day).
Each of the times and dates above in the expected timetable
may be extended or brought forward without notice. If any
of the above times and/or dates change, the revised time(s)
and/or date(s) will be notified to Shareholders by an announcement
through a Regulatory Information Service provider. All references
to time in this document are to the time in London unless
otherwise stated.
Terms used and not defined in this announcement shall bear the
meanings given to them in the Circular.
ENQUIRIES
For and on behalf of
JPMorgan Funds Limited
For further information, please contact:
JPMorgan Funds Limited
Katie Standley/Jonathan Latter
020 7742 4000
Winterflood Securities Limited
Neil Morgan
020 3100 0000
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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