REG - JPMorgan Global - Combination with HINT - Results of the Scheme

Jpmorgan Global Growth & IncomeAnnouncement

28/05/2025 11:45

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RNS Number : 4437K  JPMorgan Global Growth & Income PLC  28 May 2025

 

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to enter into any contract or commitment whatsoever.

 

Legal Entity Identifier: 5493007C3I0O5PJKR078

 

28 May 2025

 

JPMorgan Global Growth & Income plc

Combination with Henderson International Income Trust plc

Results of the Scheme and Issue of Scheme Shares

Results of the Scheme and Issue of Scheme Shares

The Board of JPMorgan Global Growth & Income plc (the "Company" or "JGGI")
is pleased to announce that the Company will acquire substantially all of the
net assets from Henderson International Income Trust plc ("HINT") in exchange
for the issue of 64,261,713 new shares in the capital of JGGI ("Scheme
Shares") in connection with the voluntary winding up of HINT pursuant to a
scheme of reconstruction under section 110 of the Insolvency Act 1986 (the
"Scheme") following the passing today of the resolution proposed at the Second
General Meeting of HINT.

 

JGGI ordinary shares

The number of Scheme Shares to be issued to Eligible HINT Shareholders and to
the liquidators of HINT for sale in the market for the benefit of Excluded
HINT Shareholders was calculated based on a FAV per JGGI share of 534.660514
pence and a FAV per HINT share of 175.317407 pence, producing a conversion
ratio of approximately 0.327904 JGGI shares per HINT share, each calculated in
accordance with the Scheme.

As set out in the shareholder circular published by the Company on 17 April
2025 (the "Circular"), fractions of Scheme Shares arising as a result of the
conversion ratio will not be issued under the Scheme and entitlements to such
Scheme Shares will be rounded down to the nearest whole number.

 

Admission

Applications have been made by the Company for the Scheme Shares to be
admitted to listing on the Official List of the Financial Conduct Authority
and to trading on the Main Market of the London Stock Exchange (together,
"Admission"). It is expected that Admission will take place at 8.00am on 29
May 2025.

Following the issue of the Scheme Shares noted above, the Company's share
capital will comprise 581,839,021 ordinary shares (excluding treasury shares),
with each ordinary share entitled to one voting right per ordinary share such
that, following Admission, the total voting rights of the Company will be
581,839,021. The Company does not hold any shares held in treasury.

The figure of 581,839,021 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 voting rights, or a change to their interest in the Company,
under the Disclosure, Guidance and Transparency Rules.

 

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

 

For further information:

 

 JPMorgan Global Growth & Income plc         Contact via Company Secretary

 James Macpherson

 JPMorgan Funds Limited                      +44 (0) 20 7742 4000

 Simon Crinage

Simon Elliott

 Will Talkington

 JPMorgan Funds Limited (Company Secretary)  +44 (0) 20 7742 4000

 Emma Lamb

 Winterflood Securities Limited              +44 (0) 20 3100 0000

 Neil Langford

Rose Ramsden

 Haris Khawaja

 

 

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