29 March 2022
JPMorgan Global Growth & Income plc
Legal Entity Identifier: 5493007C3I0O5PJKR078
Proposed combination with The Scottish Investment Trust PLC
Transaction Update
The Board of JPMorgan Global Growth & Income plc ("JGGI" or the "Company") announces that it has been advised by The Scottish Investment Trust PLC ("SCIN") that SCIN has completed the buy-in of the benefits under its pension scheme with an insurer, as outlined in the announcement by SCIN on 20 October 2022.
The debt workstreams are, however, taking longer than anticipated and, as such, the Transaction is expected to conclude around the end of Q2 2022, rather than the end of Q1 2022 as previously indicated.
The Company's prospectus and circular in connection with the Scheme is expected to be published following the meeting of the SCIN debt holders and a further update will be provided in due course.
Terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the announcement by the Company on 20 October 2021.
For further information please contact:
JPMorgan Global Growth & Income plc Tristan Hillgarth
|
Contact via Lansons |
JPMorgan Funds Limited Simon Crinage Fin Bodman
|
+44 (0) 20 7742 3445 +44 (0) 20 7742 8651 |
JPMorgan Funds Limited (Company Secretary) Divya Amin
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+44 (0) 20 7742 4000 |
Winterflood Securities Limited Neil Langford Chris Mills
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+44 (0) 20 3100 0000 |
Lansons Henrietta Guthrie |
+44 (0) 7788 454776 |
Important Information
This announcement contains information that is inside information for the purposes of the Market Abuse Regulation (EU) No. 596/2014. The person responsible for arranging for the release of this announcement on behalf of JPMorgan Global Growth & Income plc is Divya Amin of JPMorgan Funds Limited.