Jupiter UK Growth Inv Trust PLC Update on liquidation and rollover option (3578M)

TIDMJUKG

RNS Number : 3578M

Jupiter UK Growth Inv Trust PLC

20 January 2021

Jupiter UK Growth Investment Trust PLC

Legal Entity Identifier: 549300QSBKGE8ZO08A97

20 January 2021

Update on liquidation and rollover option

On 3 December 2020, the Board announced that it had agreed in principle to proposals with Brown Advisory Funds plc under which the Company, through a scheme of reconstruction expected to be effected in the Company under section 110 of the Insolvency Act 1986, would be wound up voluntarily and shareholders would be offered the choice of:

-- rolling over their investment on a cost and tax efficient basis into new shares to be issued by the Brown Advisory Global Leaders Fund, being a sub-fund of Brown Advisory Funds plc (the "Rollover Fund"); and/or

   --    a cash exit calculated in accordance with the Company's articles of association.

The terms of the liquidation and rollover have now been agreed and the cash exit will now be the default option and shareholders wishing to rollover their investment into the Rollover Fund will have to elect to do so. The Company's advisers are in the process of obtaining tax clearance from HMRC and HMRC have up to 30 days to respond. Once tax clearance is received from HMRC a circular will be posted to all shareholders of the Company setting out full details of the scheme of reconstruction, the options available to shareholders and the action required.

For further information, please contact:

Numis Securities Limited

David Benda, Investment Banking

d.benda@numis.com

Tel. 020 7260 1275

Jupiter Asset Management Limited

Magnus Spence, Head of Investment Trusts and Alternatives

investmentcompanies@jupiteram.com

Tel. 020 3817 1000

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January 20, 2021 09:29 ET (14:29 GMT)

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