Aquisition of Co-investment Portfolio

RNS Number : 0332O

J.P. Morgan Private Equity Ltd

12 September 2011

 



J.P. MORGAN PRIVATE EQUITY LIMITED ANNOUNCES
COMPLETION OF ACQUISITION oF CO-INVESTMENT PORTFOLIO

AND TOTAL VOTING RIGHTS

ALL SHARE TRANSACTION VALUED AT APPROXIMATELY US$91.9 MIllION

GUERNSEY, 12 SEPTEMBER 2011

J.P. Morgan Private Equity Limited ("JPEL" or the "Company") is pleased to announce the completion of its acquisition of a portfolio of 38 mid-market buyout co-investments in an all share transaction valued at approximately $91.9 million from the SPL Funds.

At 8.00 am today, 44,727,053 new US$ Equity Shares and 30,410,753 New 2017 ZDP Shares in the Company were admitted to listing on the UKLA's Official List and to trading on the London Stock Exchange

Unless otherwise defined in this announcement, defined terms contained herein shall have the meaning given to them in the Company's announcement relating to the Acquisition on 16th August 2011.

In conformity with Rule 5.6 of the Disclosure Rules and Transparency Rules we would like to notify the market of the following:

The Company's total capital is 563,416,860 Shares of no par value (excluding treasury shares).  The Company's capital consists of 401,101,496 Shares of no par value (excluding treasury shares) each classified as US$ Equity Shares, 63,312,305 shares of no par value (excluding treasury shares) each classified as 2013 zero dividend preference shares, 68,592,306 shares of no par value (excluding treasury shares) each classified as 2015 zero dividend preference shares and 30,410,753 shares of no par value (excluding treasury shares) each classified as 2017 zero dividend preference shares.   

Therefore the total number of voting rights in the Company is 401,101,496 for the US$ Equity Share class, 63,312,305 for the 2013 Zero Dividend Preference share class, 68,592,306 for the 2015 Zero Dividend Preference share class and 30,410,753 for the 2017 Zero Dividend Preference share class. These figures may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency rules.

ENQUIRIES  

J.P. Morgan Private Equity Limited 

Troy Duncan: Tel (Direct): [phone] ([e-mail])

Gregory Getschow: Tel (Direct): [phone] ([e-mail])

Rosemary DeRise: Tel (Direct): [phone] ([e-mail])

Samantha Ladd: Tel (Direct): [phone] ([e-mail])

Peregrine Communications

Anthony Payne:  Tel (Direct): [phone] ([e-mail])

Liberum Capital Limited (Sponsor to the Company and Broker to the Placing)

Steve Pearce / Tom Fyson / Christopher Britton:  Tel (Direct):  [phone]

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About J.P. Morgan Private Equity Limited

J.P. Morgan Private Equity Limited is a Guernsey registered and incorporated closed-ended investment company and is designed primarily to invest in the global private equity market. The Company's issued share capital has been admitted to listing on the premium segment and the standard segment (as appropriate) of the Official List and admitted to trading on the main market of the London Stock Exchange (LSE:JPEL, JPEZ, JPZZ, JPWW). In summary, the investment objective of the Company is to achieve both short and long-term capital appreciation by investing in a well-diversified portfolio of private equity fund interests and by capitalising on the inefficiencies of the secondary private equity market.

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