Jupiter Second Split Trust plc ("JSS")
26 October 2009
Bonus Issue of Shares
As announced on 5 October 2009, JSS shareholders have approved the
capital reconstruction of the Company. As part of the Proposals, the
Directors have capitalised part of the share premium account/special
reserve account (the "Capitalisation") which results in a bonus issue
of Shares to the Exit Pool shareholders.
As a result of the Capitalisation, a total of:
� 2,694,224,192 ZDP Exit Pool Shares of 1.0 penny each have
been allotted to ZDP Exit Pool Shareholders on the register at 5.00
p.m. on 26 October 2009, on the basis of 83.13750615 ZDP Exit Pool
Shares for every ZDP Exit Pool Share held as at that date; and
� 462,901,949 Geared Growth Exit Pool Shares of 1.0 penny
each have been allotted to Geared Growth Exit Pool Shareholders on
the register at 5.00 p.m. on 26 October 2009, on the basis of
69.74859258 Geared Growth Exit Pool Shares for every Geared Growth
Exit Pool Share held as at that date.
Application has been made for the Shares to be admitted to the
Official List and to trading on the London Stock Exchange and
dealings are to commence at 8.00 a.m. on 27 October 2009.
Following Admission of the Shares there will be 469,538,670 Geared
Growth Exit Pool Shares and 2,726,631,036 ZDP Exit Pool Shares in
issue with a tickers of JSSG and JSSE respectively.
No Scaling Back
There will be 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.
Formula Asset Values
The Formula Asset Value of the Geared Growth shares for the purposes
of the Scheme was 70.74859258 pence per Share and the final
entitlement of the Zero Dividend Preference shares was 84.13750615
pence per Share.
Settlement
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 in respect of their Exit
Pool shares 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+Companies.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
Faith Pengelly
Company Secretary
020 7314 4915
fpengelly@jupiter-group.co.uk
Suzanne Evans
BDO Corporate Finance
020 7486 5888
Suzanne.Evans@bdo.co.uk
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