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JPMorgan Progressive (PMSF)

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Friday 20 March, 2009

JPMorgan Progressive

Redemption Facility

RNS Number : 2149P
JPMorgan Progressive Multi-Strategy
20 March 2009
 



JPMORGAN PROGRESSIVE MULTI-STRATEGY FUND LIMITED

('the Company')

Registration No: 46407


Registered Office:

2ND FLOOR, REGENCY COURT, GLATEGNY ESPLANADE, ST. PETER PORT, GUERNSEY, GY1 3NQ


TELEPHONE: + 44 1481 720 321

FACSIMILE + 44 1481 716 117

email: [email protected]


 

IMMEDIATE ANNOUNCEMENT                    

REDEMPTION FACILITY                                                                                             20th March 2009


The Board announces that 5,402,500 Ordinary Shares of nil par value in the Company ('Ordinary Shares') have today been redeemed at a price of 69.66 pence per Ordinary Share, for a total redemption value of £3,763,381.50. This redemption is in accordance with the Company's half-yearly Redemption Facility operated on 28th February 2009, further details of which are described in our Admission Document dated 11 May 2007. 


Payments in relation to the redeemed Ordinary Shares will be made to shareholders by 23rd March 2009.  

Following the above redemptions the total number of Ordinary Shares in issue is now 16,207,500. The figure of 16,207,500 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

 

Enquiries:


JPMorgan Asset Management (UK) Limited 

Alison Vincent - 020 7742 6216 


Shore Capital and Corporate Limited

Dru Danford - 020 7468 7905





This information is provided by RNS
The company news service from the London Stock Exchange
 
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