Jupiter Second Enhanced Income Trust plc
26 October 2009
Notice of Reclassification of Shares
As previously advised, it was resolved at the Class Meetings and
General Meeting held on 23 October that the Company will undertake a
winding up and reconstruction. The directors announce that elections
have been received in respect of the reconstruction and rollover into
Jupiter Second Split Trust PLC as follows:
Elections to roll over:
* 44,162,903 Zero Dividend Preference Shares
* 40,686,507 Geared Income shares
Elections for cash:
* 18,659,181 Zero Dividend Preference Shares
* 22,135,577 Geared Income shares
Reclassification of the shares in accordance with the Scheme will
take effect from 8 a.m. on 2 November 2009. Application has been made
to the UK Listing Authority, to amend the Official List to reflect
the necessary share reclassification, and to the London Stock
Exchange, to allow trading in the Company's shares to recommence. The
Company's shares will be reclassified as follows:
* 40,990,250 ZDP Shares with 'A' rights (rolling into new
Zero Dividend Preference shares in JSS) - GB00B4139B90
* 2,755,674 ZDP Shares with 'B' rights (rolling into
Packaged Units in JSS) - GB00B41RDQ43
* 18,659,181 ZDP Shares with 'C' rights (electing for cash)
- GB00B4138G70
* 416,979 ZDP Shares with 'D' rights (rolling into new
Geared Ordinary shares in JSS) - GB00B41MSN10
* 31,259,751 Geared Income Shares with 'E' rights (rolling
into new Geared Ordinary shares in JSS) - GB00B40YYK79
* 752,632 Geared Income Shares with 'F' rights rolling into
Packaged Units)- GB00B40Z0Z76
* 22,135,577 Geared Income Shares with 'G' rights (electing
for cash) - GB00B40Y2W54
* 8,674124 Geared Income Shares with 'H' rights (rolling
into new Zero Dividend Preference shares) - GB00B411FC69
No Scaling Back
There will be no scaling back of elections under the Scheme. The
reclassified shares individual rights are set out in full in the
Circular of 11 September 2009.
Formula Asset Values
The Formula Asset Value of the Geared Income shares for the purposes
of the Scheme was 10.63926978 pence per Share and the final
entitlement of the Zero Dividend Preference shares was 84.13750615
pence per Share.
Settlement
Reclassified securities will be issued in uncertificated form. Only
CREST accounts will be credited with the reclassified securities on 2
November.
Shareholders who have elected to rollover their investment in to
Jupiter Second Split Trust plc will be issued with share certificates
as soon as is practicable after the Effective Date on 3 November
2009. Shareholders who have elected to exit their investment (i.e
receive cash) will not receive certificates but will receive their
cash entitlement as soon as is practicable after the Effective Date
on 3 November 2009.
CREST accounts will be credited with the Shares and/or cash in
respect of the elections made.
Background Information
The Directors of Jupiter Second Split Trust PLC, Jupiter Second
Enhanced Income Trust PLC and The Defined Capital Return Fund Limited
announced on 11 September 2009 the publication of circulars sent to
their respective shareholders setting out details for a rollover
opportunity for shareholders in Jupiter Second Enhanced Income Trust
PLC and The Defined Capital Return Fund Limited into Jupiter Second
Split Trust PLC, a new issue of shares by Jupiter Second Split Trust
PLC and the extension of the planned life of Jupiter Second Split
Trust PLC for a further five years to 31 October 2014. Jupiter Second
Split Trust PLC has been managed by Philip Gibbs on behalf of Jupiter
Asset Management Limited since its launch in November 2004.
Links to the individual documents sent to shareholders can be found
at the following website:
http://www.jupiteronline.co.uk/PI/Our_Products/Investment_Companies/Investment+Companies.htm
Defined terms used in this announcement shall, unless the context
otherwise requires, bear the meaning given to them the in Circular
dated 11 September 2009.
For further information please contact:
Richard Pavry
Director of Investment Trusts
Jupiter Asset Management Limited
020 7314 4822
rpavry@jupiter-group.co.uk
Faith Pengelly
Company Secretary
020 7314 4915
fpengelly@jupiter-group.co.uk
Suzanne Evans
BDO Corporate Finance
020 7486 5888
Suzanne.Evans@bdo.co.uk
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