REG - JPMorgan Multi-Asset - Result 2nd General Meeting & Scheme Entitlements

Jpmorgan Multi-Asset Growth & IncomeAnnouncement

26/03/2024 13:15

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RNS Number : 3711I  JPMorgan Multi-Asset Grwth & Income  26 March 2024

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26 March 2024

JPMorgan Multi-Asset Growth & Income plc

Legal Entity Identifier: 549300C0UCY8X2QXW762

Result of Second General Meeting and Scheme Entitlements

In connection with the proposals for the combination of JPMorgan Multi Asset
Growth & Income plc (the "Company" or "MATE") with JPMorgan Global Growth
& Income plc ("JGGI") by way of a scheme of reconstruction and voluntary
winding up of the Company under section 110 of the Insolvency Act 1986 (the
"Scheme"), the Board of the Company is pleased to announce the result of the
Second General Meeting and Shareholders' entitlements under the Scheme.

Defined terms used in this announcement have the meanings given in the
Company's circular to Shareholders dated 23 February 2024 (the "Circular").

Result of Second General Meeting

The Company announces that the special resolution to place the Company into
members' voluntary liquidation was voted on and approved by Shareholders at
the Second General Meeting held earlier today. Accordingly, Gareth Rutt Morris
and Jonathan Dunn, both of FRP Advisory Trading Limited of Kings Orchard, 1
Queen Street, Bristol BS2 0HQ, have been appointed as joint liquidators of the
Company. Details of the number of votes cast for, against and withheld in
respect of the resolution, which was held on a poll, is set out below and will
also be published on the Company's website
www.jpmmultiassetgrowthandincome.com.

 Special Resolution                                                            Votes For (including Discretionary)  %      Votes Against  %     Votes Total  %      Votes Withheld
 To appoint the Liquidators, place the Company into members' voluntary         13,180,432                           98.17  246,140        1.83  13,426,572   18.68  51,939
 liquidation in accordance with the Scheme and grant the Liquidators certain
 powers.

1. The number of Shares in issue as at the voting record time of 6.30 p.m.
(London time) on 22 March 2024 (the "Voting Record Time") was 93,115,643. As
at that date 21,247,235 Shares were held in treasury. Therefore, the total
number of voting rights in the Company as at the Voting Record Time was
71,868,408.

2. A 'vote withheld' is not a vote in law and will not be counted in the
calculation of the proportion of the votes for and against the resolution.

The full text of the special resolution is set out in the Notice of Second
General Meeting contained in the Circular.

The Circular is available for viewing on the Company's website at
http://www.jpmmultiassetgrowthandincome.com
(http://www.jpmmultiassetgrowthandincome.com) and at the National Storage
Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/%23/nsm/nationalstoragemechanism)

Suspension and Cancellation of Shares

The listing of the Company's Shares was suspended at 7.30 a.m. on 26 March
2024. An application has been made to the Financial Conduct Authority and to
the London Stock Exchange for the cancellation of listing and admission to
trading of the Shares with effect from 8.00 a.m. on 27 March 2024.

Entitlements under the Scheme

As at the Calculation Date, Shareholders' entitlements under the Scheme
calculated in accordance with the terms of the Scheme were as follows:

MATE FAV per Share: 104.063823 pence

JGGI FAV per Share: 552.086482 pence

Therefore, Shareholders will receive 0.188492 New JGGI shares for each MATE
Share.

Fractional entitlements to New JGGI Shares will not be issued under the Scheme
and entitlements will be rounded down to the nearest whole number. No cash
payment will be made or returned in respect of any fractional entitlements,
which will be retained for the benefit of JGGI.

As noted in the Circular, the Directors have set aside sufficient assets in
the Liquidation Pool to meet all estimated liabilities and contingencies,
including the costs of the winding up of the Company and the costs of
implementing the Scheme. The Directors have also provided in the Liquidation
Pool for a retention of £100,000 which they, together with the joint
Liquidators, consider sufficient to meet any unknown or unascertained
liabilities of the Company.

The Liquidation Pool will be applied by the joint Liquidators in discharging
all current and future, actual and contingent liabilities of the Company and
any balance remaining after discharging such liabilities from the Liquidation
Pool will in due course be distributed to Shareholders on the Register on the
Effective Date pro rata to their respective holdings of MATE Shares in
accordance with the terms of the Scheme.

Following the appointment of the Liquidators, all further enquiries regarding
the Company should be made to the Liquidators, whose contact details are
below.

In accordance with the Circular, Shareholders will receive their New JGGI
Shares; (i) in relation to holders in CREST, via CREST on 27 March 2024; and
(ii) in relation to certificated shareholders, in certificated form by 12
April 2024.

Pre-liquidation Dividend

As announced on 15 February 2024, the pre-liquidation dividend of 1.2 pence
per Share was paid on 22 March 2024 to those Shareholders who were on the
register as at close of business on 23 February 2024.

 

For further information please contact:

Liquidators
+44(0) 117 203 3700

Gareth Morris

Susan Evans

JPMorgan Funds
Limited
+44 (0) 20 7742 4000

Simon Crinage

Fin Bodman

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

Panmure Gordon (UK) Limited

Alex
Collins
+44 (0) 20 7886 2767

Ashwin
Kohli
+44 (0) 20 7886 2786

 

General

The content of the Company's web-pages and the content of any website or pages
which may be accessed through hyperlinks on the Company's web-pages, other
than the content of the document referred to above, is neither incorporated
into nor forms part of the above announcement.

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