Disapplication of pre-emption rights

RNS Number : 1799E

Jupiter European Opps. Trust PLC

02 November 2015

 

Jupiter European Opportunities Trust plc (the 'Company')

Disapplication of pre-emption rights

At the Annual General Meeting to be convened on 3 November 2015, a special resolution (resolution 14) has been proposed in relation to the disapplication of pre-emption rights in relation to the allotment of equity securities up to an aggregate nominal amount of £358,251.10 (being approximately one third of the Company's issued share capital). This resolution will not be passed based on the proxies received to date, meaning that the Company's current placing programme is likely to be suspended with effect from the conclusion of the Annual General Meeting on 3 November 2015. 

The Board intends to convene a separate General Meeting, to be held later in November 2015, at which disapplication of pre-emption rights in respect of no more than ten per cent. of the Company's issued share capital will be sought. If this resolution is passed the Company's placing programme will be reinstated.

In accordance with the Company's existing practice, any new shares issued pursuant to the placing programme would only be issued at a premium to their estimated Net Asset Value at the time of the issue pursuant to such authority.

Enquiries

Will Rogers, Cenkos Securities, Investment Companies Team	0207 397 1920
Richard Pavry, Jupiter Asset Management Limited	0203 817 1496

 

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