Issue of Equity

RNS Number : 6313Z

J.P. Morgan Private Equity Ltd

24 September 2009

 



J.P. Morgan Private Equity Limited

St Martins House

Le Bordage
St. Peter Port

Guernsey GY1 1BP

24 August 2009  

Issue of Shares

J.P. Morgan Private Equity Limited (the 'Company') has issued 15,104,710 US$ Equity Shares at a price of US$1.00 per share. 127,607 US$ Equity Shares have been issued under a tap issue placing and 14,977,103 US$ Equity Shares have been issued out of treasury.  

In what will be the final close of the Company's 2009 offering of US$ Equity Shares pursuant to the authority granted at the EGM on 16 July 2009, the Company is pleased to announce that this closing was oversubscribed. Today, the Company received orders in excess of the number of US$ Equity shares currently available for issuance without the subsequent publication of a prospectus. The Company confirms it currently has no intention of publishing a prospectus in respect of any additional shares or issuing any further shares at a discount to net asset value pursuant to the authority granted at the EGM on 16 July 2009.  

Application has been made to list the 127,607 new US$ Equity Shares under the tap issue placing on the Official List of the UK Listing Authority and to trading on the main market of the London Stock Exchange with dealings expected to commence at 8 a.m. on 29 September 2009.  

Immediately following the issue, the Company's issued share capital will consist of 367,736,512 shares of no par value each classified as US$ equity shares, 58,075,764 warrants that may be exercised in relation to the purchase of US$ equity shares, 63,367,316 shares of no par value (excluding treasury shares) each classified as zero dividend preference shares and 16,088,214 shares of no par value (excluding treasury shares) each classified as 2015 zero dividend preference shares. Immediately following the issue, the Company will hold 0 US$ Equity Shares of no par value and 2,051,508 '2013' Zero Dividend Preference shares of no par value in Treasury.  

The Company is not in possession of any unpublished inside information.  

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