Business
Exercise of over-allotment op
Exercise of over-allotment op.
About this update from Jupiter Fund Management Plc
[{"type":"text","content":"\n RNS Number : 9954N Jupiter Fund Management PLC 22 June 2010 \n \n\nNOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, SWITZERLAND OR THE UNITED ARAB EMIRATES\n \nAdmission to trading\nJupiter Fund Management plc\n21 June 2010\n \n \nAnnouncement of exercise of over-allotment option\n \nJupiter Fund Management plc (the \"Company\") announces that, in connection with the initial public offering of ordinary shares in the Company (the \"Global Offer\"), J.P. Morgan Securities Ltd., as stabilising manager, has today exercised the over-allotment option in full, on an unconditional basis, in respect of 13,350,184 ordinary shares in the Company (the \"Over-allotment Shares\"). Certain of the selling shareholders will receive £22 million in gross proceeds (before deduction of underwriting commissions and expenses) from the sale of the Over-allotment Shares. \n \nThe total gross proceeds of the Global Offer including the proceeds received from the Over-allotment Shares is approximately £276 million (for a total of 167,146,564 ordinary shares). \n \nENQUIRIES\nFor further information contact:\nJupiter +44 (0)20 7412 0703\nAlicia Wyllie, Head of Communications\n \nFinancial Dynamics +44 (0)20 7831 3113\nAndrew Walton\nJohn Waples\n \nDisclaimer\nThe contents of this announcement, which have been prepared by and are the sole responsibility of the Company, have been approved solely for the purposes of section 21(2)(b) of the Financial Services and Markets Act 2000 (\"FSMA\") by J.P. Morgan Securities Ltd. of 125 London Wall, London EC2Y 5AJ United Kingdom. This announcement has been prepared solely to provide informat...