First Day of Dealings

RNS Number : 6200H

JTC PLC

14 March 2018

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT

This announcement is not an offer of securities for sale in any jurisdiction.  Investors should not subscribe for or purchase any transferable securities referred to in this announcement on the basis of the information in this announcement.

JTC PLC

("JTC" or the "Company")

First Day of Dealings

Further to the publication of a Prospectus on 9 March 2018 in connection with its initial public offering, JTC - a leading global provider of administration services to fund, corporate and private clients - is pleased to announce that its entire issued ordinary share capital, which comprises 106,896,552 ordinary shares of £0.01 each ("Ordinary Shares" or "Shares"), is today being admitted to trading on the London Stock Exchange plc's main market for listed securities and to listing on the premium listing segment of the Official List of the Financial Conduct Authority. Dealings in the Ordinary Shares commence at 8.00 am today under the ticker 'JTC' with an ISIN code of JE00BF4X3P53.

As part of the process, the Company and its shareholders have raised £243.8 million before expenses from an institutional placing of 84,070,254 Ordinary Shares at a price of 290 pence per Share, conditional upon Admission.

The total number of shares in issue as at Admission will be 106,896,552 ordinary shares of £0.01 each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of voting rights in the Company will be 106,896,552, which may be used by holders of Ordinary Shares as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information and the full Admission document, please visit  www.jtcgroup.com or contact:

Enquiries

JTC PLC Nigel Le Quesne	[phone]
Zeus Capital (Financial adviser, Broker, Joint Global Co-ordinator and Bookrunner) Martin Green (Corporate Finance) Pippa Underwood (Corporate Finance) Mike Cuthbert (Sales) Ben Robertson (Equity Capital Markets)	[phone]
Numis Securities Limited	[phone]
(Joint Global Co-ordinator and Bookrunner) Ross Mitchinson Stuart Skinner Kevin Cruickshank Michael Burke
Stockdale Securities (Sponsor) Robert Finlay Ed Thomas	[phone]
Powerscourt (PR adviser to the Company) Justin Griffiths Peter Ogden Niall Walsh	[phone]
Victoria Heslop

Notes to Editors

JTC is an independent, award-winning provider of fund, corporate and private wealth services to institutional and private clients. The Company has a global presence, with over 550 staff operating in more than 17 different jurisdictions and assets under administration totalling c. US$ 85 billion.

core services

§ Accounting Services § Corporate Services § Employee & Executive Services § Family Office Services § Pension Services

§ Fund Services § Marine & Aviation Services § Fiduciary Services § Real Estate Services § Treasury Services

 

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