Business
Result of Placing
Result of Placing.
About this update from Jupiter Fund Management Plc
[{"type":"text","content":"\n \nRNS Number : 8234I Jupiter Fund Management PLC 21 June 2011 \n \n\nJupiter Fund Management plc (JUP) - Pricing of Share Placing\nJupiter Fund Management plc\n21 June 2011\n \n\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, INTO OR IN THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS), CANADA, AUSTRALIA OR JAPAN \n \n21 June 2011\n \nJupiter Fund Management plc\n \nPRICING OF SECONDARY PLACING OF ORDINARY SHARES BY DIRECTORS AND EMPLOYEES IN JUPITER FUND MANAGEMENT PLC (\"JUPITER\" OR THE \"COMPANY\")\n \nJupiter announces the pricing of a secondary placing of 26,190,004 ordinary shares of 2p each in the Company (the \"Placing Shares\") by a group of directors, employees and their spouses (together, the \"Sellers\"), representing 5.7% of the outstanding issued share capital of Jupiter (the \"Placing\") and 25.3% of the Sellers' ownership position in Jupiter immediately prior to launch. \n \nThe Placing was priced at 240p per Jupiter ordinary share.\n \nThe Sellers include: \n\n\n\n\nShareholder\n\n\nNumber of Ordinary Shares sold in Placing\n\n\nNumber of Ordinary Shares held post-Placing\n\n\n% of issued share capital post-Placing\n\n\n\n\nAnthony Nutt\n\n\n7,505,710\n\n\n13,000,000\n\n\n2.84%\n\n\n\n\nPhilip Gibbs\n\n\n5,304,560\n\n\n9,000,000\n\n\n1.97%\n\n\n\n\nJohn Chatfeild-Roberts\n\n\n2,778,993\n\n\n7,156,250\n\n\n1.56%\n\n\n\n\nEdward Bonham Carter\n\n\n555,103\n\n\n14,000,000\n\n\n3.06%\n\n\n\n\nAdrian Creedy\n\n\n500,000\n\n\n4,372,809\n\n\n0.96%\n\n\n\n\nChristopher Crawford\n\n\n120,720\n\n\n1,100,000\n\n\n0.24%\n\n\n\n\nMatteo Perrucio \n\n\n20,000\n\n\n230,000\n\n\n0.05%\n\n\n\n\n \nOther individuals who were identified as potential selling shareholders in this morning's announcement have not sold any shares in the Placing.\n \nThe remaining independent directors and certain other employees have elected not to offer shares for sale in the Placing but have agreed to certain lock-in arrangements in order to facilitate the Placing (such individuals, together with the Sellers, the \"Lock-in Participants\"). Immediately following the Placing the Lock-in Participants hold, in aggregate, 19,866,479 Jupiter shares which are subject to the 90-day lock-in. \n \nJ.P. Morgan Securities Ltd....