REG - JPMorgan Global Core JPM Glbl Core - JARU JPM Glbl Core - JARE - SECOND COMPULSORY PARTIAL REDEMPTION OF SHARES

JPMorgan Global Core Real AssetsAnnouncement

22/07/2025 07:00

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RNS Number : 9520R  JPMorgan Global Core Real Assets Ld  22 July 2025

LONDON STOCK EXCHANGE ANNOUNCEMENT

 

JPMORGAN GLOBAL CORE REAL ASSETS LIMITED

("JARA" or the "Company")

 

SECOND COMPULSORY PARTIAL REDEMPTION OF SHARES

 

 

Legal Entity Identifier: 549300D8JHZTH6GI8F97

 

Further to the approval given by the Company's shareholders to allow
compulsory redemptions of the Company's ordinary shares ("Shares") as
described in the circular dated 3 December 2024 (the "Circular"), the Company
today announces that it will return approximately £85 million by way of a
compulsory partial redemption of up to 95,613,523 Shares (the "Second
Redemption") on 7 August 2025 (the "Redemption Date").

As at today's date, the Company has 171,071,560 Shares in issue. Approximately
55.9% of the Company's issued share capital will therefore be redeemed. The
Redemption Price per Share will be 89.116731 pence, being the NAV per Share as
at 30 June 2025 adjusted to take into account the costs of the redemption,
with the amount to be applied to the redemption comprising monies from the
Company's existing cash balances. The Second Redemption will be effected pro
rata by reference to shareholdings on the register as at close of business on
7 August 2025 (the "Redemption Record Date").

Fractions of Shares will not be redeemed and so the number of Shares held by
each shareholder to be redeemed compulsorily on the Redemption Date will be
rounded down to the nearest whole number of Shares. Any Shares which have
traded on or before the Redemption Date, but have not settled, will be
included in the Second Redemption.

On this basis, a holder of 10,000 Shares will have 5,589 Shares redeemed, and
will receive £4,981 in cash.

All Shares that are redeemed will be cancelled with effect from the Redemption
Date. Accordingly, once redeemed, such Shares will be incapable of transfer.

It is estimated that all proceeds of the partial compulsory redemption will be
effected either through CREST (in the case of Shares held in uncertificated
form) or paid by cheque (in the case of Shares held in certificated form) in
pounds Sterling within fourteen business days of the Redemption Date, or as
soon as practicable thereafter (the "Redemption Payment Date").

The Shares will be disabled in CREST after close of business on the Redemption
Date and the existing ISIN number GG00BP6KKQ44 (the "Old ISIN") will expire at
the same time.

The new ISIN number GG00BS9CXW59 (the "New ISIN") in respect of the remaining
Shares which have not been redeemed, and which will be in issue and listed
following the Redemption Date, will be enabled and available for transactions
from and including 8 August 2025.

Up to and including the Redemption Date, the Shares will continue to be traded
under the Old ISIN. Any purchaser of Shares trading under the Old ISIN who is
not on the register as at the Redemption Record Date will have a market claim
for a proportion of the redemption proceeds. CREST will automatically
transform any open transactions as at the Redemption Date into the New ISIN.

Shareholders should note that the Board retains absolute discretion as to the
execution, extent and timing of any further redemptions.

Expected timetable for redemption

The expected dates and sequence of events relating to the implementation of
the Second Redemption are set out below:

 Redemption Record Date                                 5:00pm on 7 August 2025
 Redemption Date and expiry of Old ISIN number          7 August 2025
 Redemption Ex Date                                     8 August 2025
 New ISIN number GG00BS9CXW59 enabled                   8 August 2025
 Estimated latest date for the Redemption Payment Date  21 August 2025

Wind-down Update

Following the Second Redemption, the Company will have realised and returned
60.7% of the assets which it held as at the announcement of the Managed
Wind-down proposals in December 2024.

The Company will continue to release its estimated unaudited NAV on a monthly
basis. Any material changes to the estimated timetable provided to the market
in the Company's announcement of 19 June 2025 will be notified to Shareholders
through an RIS provider.

Capitalised terms used but not defined in this announcement will have the same
meaning as set out in the Circular.

 

22 July 2025

 

For further information, please contact:

 

Neil Martin / William Talkington

For and on behalf of

JPMorgan Funds Limited - Company Secretary

Telephone: 0800 20 40 20 (or +44 1268 44 44 70)

E-mail: jpmam.investment.trusts@jpmorgan.com
(mailto:jpmam.investment.trusts@jpmorgan.com)

 

 

David Yovichic / Tom Skinner

Investec Bank plc - Corporate Broker

Telephone: 020 7597 4000

 

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