Statement re Retirement of 2015 ZDP Shares

RNS Number : 5852C

J.P. Morgan Private Equity Ltd

19 October 2015

 

J.P. Morgan Private Equity Limited

Carinthia House

9-12 The Grange

St Peter Port

Guernsey GY1 4BF

www.jpelonline.com

JPEL ANNOUNCES TIMING OF RETIREMENT OF
2015 ZERO DIVIDEND PREFERENCE SHARES

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GUERNSEY, 19 OCTOBER 2015

J.P. Morgan Private Equity Limited ("JPEL" or the "Company") is pleased to announce the timing of retirement of its 2015 Zero Dividend Preference Shares ("2015 ZDP Shares") which are set to reach their Final Capital Entitlement Date on 31 October 2015.

Event	Date 2015
Record date for entitlement to redemption payment	30 October
Redemption date*	30 October *
Redemption proceeds credited to CREST accounts	Wired within 2-3 business days from 30 October
Cheque mailed to certificated holders	Payment will be made or despatched by 6 November

* The 2015 ZDP Final Capital Entitlement Date is defined as 31 October 2015 however, this is not a business day.  The Final Capital Entitlement Date will be the immediately preceding business day, 30 October 2015, but this will not affect the Final Capital Entitlement amount, being 87.30 pence per 2015 ZDP Share.

The Final Capital Entitlement of the 2015 ZDP Shares will be paid using a combination of cash on hand and utilisation under the Company's substantially lower-cost credit facility.  

Over the past few years, JPEL's capital position has improved as a result of the Board's actions to fortify the Company's balance sheet.  The retirement of the 2015 ZDP Shares is the most recent example of the Company's ability to reposition and strengthen its balance sheet.

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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.  

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]

 

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