JPMorgan Brazil Investment Trust Publication and posting of Circular (3884C)

TIDMJPB

RNS Number : 3884C

JPMorgan Brazil Investment Trust

16 October 2020

JPMORGAN BRAZIL INVESTMENT TRUST PLC (the "Company")

Publication and posting of Circular

and

Timetable for suspension and cancellation of the Company's listing and trading and voluntary winding-up of the Company

16 October 2020

Legal Entity Identifier: 5493002T5BE3YCTKTE20

Further to the announcement made on 17 September 2020, the Company announces the publication of a circular (the "Circular") and notice of general meeting (the "GM"), which has been posted to Shareholders for the purpose of proposing a vote on the liquidation of the Company (the "Proposals"). The detailed reasons for and background to the Proposals are set out in the Circular. The Circular also contains details of the timetable for the suspension and cancellation of the Company's listing and trading. The Proposals requires the approval of not less than 75 per cent of the votes cast by Shareholders at the GM.

The Circular will be available to download from the Company website ( www.jpmbrazil.co.uk ) and National Storage Mechanism ( https://data.fca.org.uk/#/nsm/nationalstoragemechanism .) shortly.

The current timetable for the Proposals are as follows:

 
                                                                           2020 
 Publication of circular                                             16 October 
 Date from which it is advised that dealings            close of business on 12 
  in Ordinary Shares should only be for                                November 
  cash settlement and immediate delivery 
  of documents of title 
 Latest time and date for receipt of Forms            11.00 a.m. on 12 November 
  of Proxy from Shareholders for use at 
  the General Meeting 
 Latest time for delivery to Registrars                5.00 p.m. on 13 November 
  of documents of title relating to dealings 
  in Ordinary Shares subject to cash settlement 
 Close of the Register and Record Date                 6.00 p.m. on 13 November 
  for participation in the Members' Voluntary 
  Liquidation 
 Suspension of Ordinary Shares from trading            7.30 a.m. on 16 November 
  on the London Stock Exchange and suspension 
  of listing on the Official List 
 General Meeting to approve the Members'              11.00 a.m. on 16 November 
  Voluntary Liquidation and, if approved, 
  the appointment of the Joint Liquidators 
 Announcement of the result of the General                          16 November 
  Meeting 
 Cancellation of the listing of the Ordinary           8.00 a.m. on 17 November 
  Shares on the Official List and cancellation 
  of admission to trading of the Ordinary 
  Shares on the Main Market 
 Expected date for payment of Initial Distribution*     on or about 27 November

* Actual date to be determined by the Joint Liquidators

All references are to London time.

The dates and times set out in the expected timetable above may be adjusted by the Company, in which event details of the new dates and/or times will be notified to the FCA and the London Stock Exchange, and an announcement will be made through a Regulatory Information Service.

The Company's shares will be suspended from trading at 7:30 a.m. on 16 November 2020 in advance of the GM. Conditional on the approval of Shareholders at the GM, the Board proposes to appoint Patrick Brazzill and Richard Barker of Ernst & Young LLP as the joint liquidators of the Company (together the "Joint Liquidators").

Immediately upon and with effect from the appointment of the Joint Liquidators at the GM, the powers of the Board will cease, the Joint Liquidators will wind up the affairs of the Company, and listing of the Ordinary Shares on the Official List and admission to trading of the Ordinary Shares on the Main Market will be cancelled with effect from 8.00 a.m. on 17 November 2020 following which the Company's shares will no longer be tradeable.

No mechanism to enable the Company's shares to be traded following cancellation will be made available to shareholders and the Company's shares will not be transferable once the Company enters liquidation without the consent of the Liquidators.

Enquiries:

 
 JPMorgan Funds Limited 
  Katie Standley 
  Fin Bodman                 020 7742 4000 
 Numis Securities Limited 
  David Benda 
  George Shiel               020 7260 1000

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October 16, 2020 12:09 ET (16:09 GMT)

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