Exercise of over-allotment op

RNS Number : 9954N

Jupiter Fund Management PLC

22 June 2010

 



NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, SWITZERLAND OR THE UNITED ARAB EMIRATES

Admission to trading

Jupiter Fund Management plc

21 June 2010

Announcement of exercise of over-allotment option

Jupiter Fund Management plc (the "Company") announces that, in connection with the initial public offering of ordinary shares in the Company (the "Global Offer"), J.P. Morgan Securities Ltd., as stabilising manager, has today exercised the over-allotment option in full, on an unconditional basis, in respect of 13,350,184 ordinary shares in the Company (the "Over-allotment Shares"). Certain of the selling shareholders will receive £22 million in gross proceeds (before deduction of underwriting commissions and expenses) from the sale of the Over-allotment Shares. 

The total gross proceeds of the Global Offer including the proceeds received from the Over-allotment Shares is approximately £276 million (for a total of 167,146,564 ordinary shares). 

ENQUIRIES

For further information contact:

Jupiter                                                             [phone]

Alicia Wyllie, Head of Communications

Financial Dynamics                                         [phone]

Andrew Walton

John Waples

Disclaimer

The contents of this announcement, which have been prepared by and are the sole responsibility of the Company, have been approved solely for the purposes of section 21(2)(b) of the Financial Services and Markets Act 2000 ("FSMA") by J.P. Morgan Securities Ltd. of 125 London Wall, London EC2Y 5AJ United Kingdom. This announcement has been prepared solely to provide information about the Global Offer and does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefor. The offer and the distribution of this announcement and other information in connection with the listing and offer in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

Neither this announcement nor any copy of it may be made or transmitted into the United States, its territories or possessions or distributed, directly or indirectly, in the United States, its territories or possessions. Neither this announcement nor any copy of it may be taken or transmitted into Australia, Canada, Japan, Switzerland or the United Arab Emirates or to any persons in any of those jurisdictions.  Any failure to comply with this restriction may constitute a violation of United States, Australian, Canadian, Japanese, Swiss or United Arab Emirates securities law. The distribution of this document in other jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. The securities referred to herein have not been registered under the applicable securities laws of the United States, Australia, Canada, Japan, Switzerland or the United Arab Emirates and, subject to certain exceptions, may not be offered or sold within the United States, Australia, Canada, Japan, Switzerland or the United Arab Emirates or to any national, resident or citizen of the United States, Australia, Canada, Japan, Switzerland or the United Arab Emirates.

In particular, this announcement is not an offer for sale of, or a solicitation to purchase or subscribe for, any securities in the United States.  The ordinary shares referred to herein have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "Securities Act"), or the laws of any state or jurisdiction of the United States and may not be offered or sold in the United States absent registration or an applicable exemption from, or transaction not subject to, the registration requirements of the Securities Act and applicable state laws. The Company does not intend to conduct a public offering of securities in the United States.

J.P. Morgan Securities Ltd. (which conducts its UK investment banking activities as J.P. Morgan Cazenove), Merrill Lynch International, Numis Securities Limited (together the "Managers") and Lexicon Partners Limited are each regulated by the Financial Services Authority and are acting exclusively for the Company and no-one else in connection with the Global Offer and will not regard any other person as their respective clients (as defined in the rules of the Financial Services Authority) or be responsible to any other person for providing the protections afforded to their respective clients nor for providing advice in relation to the Global Offer and the arrangements detailed in this announcement.  None of the Managers nor Lexicon Partners are making any representation or warranty, express or implied, as to the contents of this announcement.

This announcement does not constitute a recommendation concerning the Global Offer.  The price and value of securities can go down as well as up.  Past performance is not a guide to future performance.  Information in this announcement or any of the documents relating to the Global Offer cannot be relied upon as a guide to future performance.  Potential investors should consult a professional adviser as to the suitability of the Global Offer for the entity concerned.

None of the Managers, Lexicon Partners nor any of their respective affiliates or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for/or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

 

END

 

 

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