NMPI Announcement

RNS Number : 7307R

J.P. Morgan Private Equity Ltd

01 July 2015

 

Clarifying Statement on Non-Mainstream Pooled Investment ("NMPI") Classification -

Confirmation that JPEL Qualifies as an Excluded Security for NMPI Purposes

*          *          *

GUERNSEY, 1 JULY 2015

J.P. Morgan Private Equity Limited ("JPEL" or the "Company") is pleased to announce a clarifying statement relating to UK Financial Conduct Authority ("FCA") rules on the restrictions on the retail distribution of unregulated collective investment schemes and close substitutes (referred to as "non-mainstream pooled investments" or "NMPI"), which came into effect on 1 January 2014, and their applicability in relation to the Company.

Recently, JPEL's Board has sought legal advice to clarify JPEL's status with respect to NMPI.  

As a result of this advice, JPEL confirms that JPEL's US$ Equity Shares, 2015 ZDP Shares and 2017 ZDP Shares ("JPEL Shares") will qualify as "excluded securities" and are therefore excluded from the FCA's restrictions that apply to NMPI products.  

JPEL intends to conduct its affairs such that its Shares are not restricted under the NMPI rules from being recommended by UK authorized persons to ordinary investors in accordance with the FCA's rules.

*        *             *

For further information please contact:

J.P. Morgan Private Equity Limited

Greg Getschow 

[phone]

[e-mail] 

Rosemary DeRise / Samantha Ladd

[phone]  / [phone] 

[e-mail] / [e-mail]

About J.P. Morgan Private Equity Limited

J.P. Morgan Private Equity Limited ("JPEL" or the "Company") is a Guernsey registered and incorporated, London Stock Exchange-listed, closed-ended investment company (LSE: JPEL, JPZZ, JPSZ).   The Company's capital structure consists of three classes of shares: US$ Equity Shares and two classes of Zero Dividend Preference Shares due 2015 and 2017, respectively.  

 

END

 

 

MSCLLFVRRDIIVIE