REG - Chrysalis Invs Ltd - Change of AIFM

Chrysalis InvestmentsAnnouncement

06/05/2021 07:00

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RNS Number : 6982X  Chrysalis Investments Limited  06 May 2021

6 May 2021

Chrysalis Investments Limited ("Chrysalis" or the "Company")

 

Change of AIFM

 

Further to the Company's announcement on 8 March 2021, the Company has with
effect from 1 May 2021 appointed Jupiter Unit Trust Managers Limited (the
"Jupiter AIFM") as its new alternative investment fund manager, replacing
Maitland Institutional Services Limited (the "Maitland AIFM") whose
appointment was terminated at the same time. The Jupiter AIFM is a member of
the same group as Jupiter Investment Management Limited (the "Investment
Adviser") and this change will not impact the provision of services to the
Company by the existing management team at the Investment Adviser.

Under the new arrangements, the management and performance fees previously
payable to the Investment Adviser are now payable to the Jupiter AIFM together
with reimbursement of reasonable expenses incurred by it in the performance of
its duties. Additionally, the Jupiter AIFM is entitled to an AIFM fee per
month equal to 1/12 of the sum of: (i) 0.05 per cent of the Company's net
asset value up to £1,000,000,000; and (ii) 0.03 per cent of the Company's net
asset value in excess of £1,000,000,000, which is payable monthly in arrears.
This represents a small increase in the AIFM fee per month which previously
was equal to 1/12 of the sum of: (i) 0.04 per cent of the Company's net asset
value up to £150,000,000; 0.03 per cent of the Company's net asset value in
excess of £150,000,000 and less than or equal to £500,000,000; 0.02 per cent
of the Company's net asset value in excess of £500,000,000 and less than or
equal £1,000,000,000; and 0.01 per cent of the Company's net asset value in
excess of £1,000,000,000, which was payable quarterly in arrears.

The Board would like to thank the Maitland AIFM for its services over the
period since IPO.

-ENDS-

 For further information, please contact:

 Jupiter Asset Management:                                      +44 (0) 20 3817 1325

 Magnus Spence

 Liberum (Joint Broker):                                        +44 (0) 20 3100 2000

 Gillian Martin / Owen Matthews

 Numis (Joint Broker):                                          +44 (0) 20 7260 1000

 Nathan Brown/ Matt Goss                                        +44 (0) 7795 964 870

 Maitland Administration (Guernsey) Limited:                    +44 (0) 1481 749364

 Elaine Smeja / Aimee Gontier

 Media enquiries:
 Montfort Communications                                        +44 (0) 20 3770 7920

 Charlotte McMullen/ Toto Reissland-Burghart/ Miles McKechnie   chrysalis@montfort.london (mailto:chrysalis@montfort.london)

 

 

LEI: 213800F9SQ753JQHSW24

 

IMPORTANT NOTICE

A copy of this announcement and an updated supplement to the Company's
prospectus dated 10 March 2021 (providing certain summary information about an
investment in the Company as required pursuant to (i) the requirements of the
Financial Conduct Authority rules implementing the EU Alternative Investment
Fund Managers Directive (Directive 2011/61/EU) (the "AIFMD") in the UK and
related UK laws (including Commission Delegated Regulation (EU) No. 231/2013,
as it forms part of UK law by virtue of the European Union (Withdrawal) Act
2018) which continue to apply notwithstanding the UK's withdrawal from the EU;
and (ii) the requirements of the AIFMD) will be available on the Company's
website at:

https://www.jupiteram.com/uk/en/professional/chrysalis-investments-limited/
(https://www.jupiteram.com/uk/en/professional/chrysalis-investments-limited/)

This announcement is for information purposes only and is not an offer to
invest. All investments are subject to risk.  Past performance is no
guarantee of future returns.  Prospective investors are advised to seek
expert legal, financial, tax and other professional advice before making any
investment decision.  The value of investments may fluctuate.  Results
achieved in the past are no guarantee of future results. Neither the content
of the Company's website, nor the content on any website accessible from
hyperlinks on its website for any other website, is incorporated into, or
forms part of, this announcement nor, unless previously published by means of
a recognised information service, should any such content be relied upon in
reaching a decision as to whether or not to acquire, continue to hold, or
dispose of, securities in the Company.

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