Business
Results of elections and scaling back
Results of elections and scaling back.
About this update from Jadestone Energy Plc
[{"type":"text","content":"\n \n\n\n\nJupiter Second Enhanced Income Trust plc\n\n26 October 2009\n\nNotice of Reclassification of Shares\n\nAs previously advised, it was resolved at the Class Meetings and\nGeneral Meeting held on 23 October that the Company will undertake a\nwinding up and reconstruction. The directors announce that elections\nhave been received in respect of the reconstruction and rollover into\nJupiter Second Split Trust PLC as follows:\n\nElections to roll over:\n\n* 44,162,903 Zero Dividend Preference Shares\n* 40,686,507 Geared Income shares\n\nElections for cash:\n\n* 18,659,181 Zero Dividend Preference Shares\n* 22,135,577 Geared Income shares\n\nReclassification of the shares in accordance with the Scheme will\ntake effect from 8 a.m. on 2 November 2009. Application has been made\nto the UK Listing Authority, to amend the Official List to reflect\nthe necessary share reclassification, and to the London Stock\nExchange, to allow trading in the Company's shares to recommence. The\nCompany's shares will be reclassified as follows:\n\n* 40,990,250 ZDP Shares with 'A' rights (rolling into new\n Zero Dividend Preference shares in JSS) - GB00B4139B90\n* 2,755,674 ZDP Shares with 'B' rights (rolling into\n Packaged Units in JSS) - GB00B41RDQ43\n* 18,659,181 ZDP Shares with 'C' rights (electing for cash)\n - GB00B4138G70\n* 416,979 ZDP Shares with 'D' rights (rolling into new\n Geared Ordinary shares in JSS) - GB00B41MSN10\n* 31,259,751 Geared Income Shares with 'E' rights (rolling\n into new Geared Ordinary shares in JSS) - GB00B40YYK79\n* 752,632 Geared Income Shares with 'F' rights rolling into\n Packaged Units)- GB00B40Z0Z76\n* 22,135,577 Geared Income Shares with 'G' rights (electing\n for cash) - GB00B40Y2W54\n* 8,674124 Geared Income Shares with 'H' rights (rolling\n into new Zero Dividend Preference shares) - GB00B411FC69\n\nNo Scaling Back\n\nThere will be no scaling back of elections under the Scheme. The\nreclassified shares individual rights are set out in full in the\nCircular of 11 September 2009.\n\nFormula Asset Values\n\nThe Formula Asset Value of the Geared Income shares for the purposes\nof the Scheme was 10.63926978 pence per Share and the final\nentitlement of the Zero Dividend Preference shares was 84.13750615\npence per Share.\n\nSettlement\n\nReclassified securities will be issued in uncertificated form. Only\nCRES...