Replacement Notice of Reclassification of Shares Announcement
The following replaces the announcement released on 5 October 2009 at
10.09 p.m. The figures for the elections to roll over were incorrect
they should have read 62,498,839 New Zero Dividend Preference Shares
not 64,243,035 as previously stated and 88,268,962 Geared Ordinary
shares not 83,973,510 as previously stated. In addition the
elections to roll over amounted to £115,017,601.30 not
£113,446,951.15 as previously stated. The rest of the announcement
remains unchanged. The correct announcement appears below.
"In the context of the recommended proposals for the capital
reconstruction of the Company as set out in the Prospectus and
Circular dated 11 September 2009, the directors are pleased to
announce that the Company's issued shares will all be reclassified
with effect from 8.00am on 6 October 2009 as follows:
In respect elections to roll over:
* 62,498,839 New Zero Dividend Preference Shares (before
subdivision on the Effective Date)- GB00B40T5095
* 88,268,962 Geared Ordinary shares (before subdivision on
the Effective Date) - GB00B402S989
In respect of elections for cash:
* 32,406,844 Zero Dividend Preference Exit Pool Shares -
GB00B425BR45
* 6,636,721 Geared Growth Exit Pool Shares - GB00B402FG41
Based on the indicative Formula Asset Value for the Geared Growth
shares of 70.73p as at 30 September 2009 and on the final entitlement
of the existing Zero Dividend Preference shares of 84.13750615p,
elections to roll over amount to £115,017,601.30 (before any scaling
back).
A placing to institutional investors of Geared Ordinary shares and
Packaged Units is being conducted on behalf of the Company by Cenkos
Securities PLC. The closing date for receipt of placing commitments
is 5.00pm on 26 October 2009.
Applications through the public offer for subscription by the Company
of Geared Ordinary shares Zero Dividend Preference shares and
Packaged Units must be received by 1.00pm on 26 October 2009. The
application form and the terms and conditions of the offer for
subscription are set out at the back of the prospectus published by
the Company on 11 September 2009.
The result of the rollover elections from shareholders in Jupiter
Second Enhanced Income Trust PLC and the Defined Capital Return Fund
Limited, together with the results of the Company's Placing and
Public Offer for subscription, will be announced on or around 26
October 2009.
Settlement and CREST
The reclassified shares will only be issued in uncertificated form.
CREST accounts will be credited with the reclassified securities on 6
October. Certificated shareholders who have elected for new Zero
Dividend Preference Shares, Geared Ordinary Shares and Packaged Units
will be issued with share certificates as soon as is practicable
after the Effective Date on 3 November 2009. Certificated
shareholders who have elected for cash (i.e. Zero Dividend Preference
Exit Pool Shares and Geared Growth Exit Pool Shares) will not receive
certificates but will receive their cash entitlement as soon as is
practicable after the Effective Date on 3 November 2009.
Important Information for Shareholders Who May Wish to Transfer their
Shares prior to 3 November 2009
Shareholders who have elected to roll over but who wish to transfer
either their New Zero Dividend Preference Shares or their Geared
Ordinary shares prior to the subdivision on the Effective Date, 3
November 2009, are strongly advised to first contact the Corporate
Actions Team at Capita Registrars on 0871 664 0321 so as to ensure
that the rollover election associated with their Shares (i.e. to roll
over into Geared Ordinary Shares, Packaged Units and/or Zero Dividend
Preference shares) and their scaling back preferences (i.e. to scale
back into cash or Packaged Units) are correctly reconciled to the
Company's register of shareholders. Calls to this number cost 10p
per minute from a BT Landline and are open from 9am to 5pm Mondays to
Fridays.
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+Companies.htm
Defined terms used in this announcement shall, unless the context
otherwise requires, bear the meaning given to them the in Prospectus
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
Phil Higgs
Cenkos Securities PLC
020 7397 1913
phiggs@cenkos.com
Charles Ricketts
Cenkos Securities PLC
020 7397 1910
cricketts@cenkos.com
Jenny Thompson
Company Secretary
020 7314 5565
JThompson@jupiter-group.co.uk
Suzanne Evans
BDO Corporate Finance
020 7486 5888
Suzanne.Evans@bdo.co.uk"
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This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.