Change of Name

RNS Number : 7348F

Bear Stearns Private Equity Limited

13 October 2008

 



J.P. Morgan Private Equity Limited 

St Martins House, Le Bordage, St Peter Port, Guernsey, GY1 1BP

www.jpelonline.com, www.jpelonline.co.uk

Regulatory News Service 

London Stock Exchange 

London 

EC2N 1HP 

13 October 2008

Notice to Shareholders - Approval of Name Change 

J.P. Morgan Private Equity Limited ('JPEL' or the 'Company') is pleased to announce that the Company's name change has been approved by the Guernsey Registry.  In accordance with the terms of the resolutions passed at the EGM of the Company on 5 September, the Company's Equity Shares have today been converted into shares of no par value designated as US$ Equity Shares and the Company's ZDP Shares have today been converted into shares of no par value designated as Zero Dividend Preference Shares.  Effective 14 October 2008, the Company's tickers will be amended with the London Stock Exchange to 'JPEL' and 'JPEZ' for Equity shares and ZDP shares, respectively.

The Company's website address has also changed to reflect the Company's new name.  Effective 14 October 2008, the Company's website will be available via www.jpelonline.com, and www.jpelonline.co.uk. Additionally, the URLs for www.bspel.com and www.bspel.co.uk will continue to redirect to the newly branded JPEL websites.

The new name provides the Company's shareholders with the benefits of investor familiarity with the JPMorgan brand as well as the continued private equity investment expertise of the Company's manager, Bear Stearns Asset Management Inc. (the 'Manager'). Both the Manager and the team currently running the Company, led by Gregory Getschow and Troy Duncan, will continue to be responsible for all of the Company's investment decisions and its other day to day activities.

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About J.P. Morgan Private Equity Limited 

J.P. Morgan Private Equity Limited is a Guernsey registered and incorporated, London Stock Exchange-listed, closed-ended investment company (LSE: JPEL) designed primarily to invest in the global private equity market. The investment objective of the Company is to achieve both short and long-term capital appreciation by investing in a well diversified portfolio of private equity fund interests and by capitalising on the inefficiencies of the secondary private equity market. As at 30 June 2008, the Company's investment portfolio consisted of 161 separate fund investments with exposure to over 1,500 companies in 35 different countries across Europe, Asia and North America. 

On 5 September 2008, shareholders of the Company approved the proposed name change of the Company from Bear Stearns Private Equity Limited to J.P. Morgan Private Equity Limited at an Extraordinary General Meeting of the Company.

ENQUIRIES: 

Bear Stearns Asset Management / JPMorgan Asset Management

Greg Getschow / Troy Duncan - 001 212 272 7732 

JPMorgan Cazenove

Angus Gordon Lennox - 020 7588 2828

Peregrine Communications 

Anthony Payne / Max Hilton - 020 7978 6052

 

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