Jupiter Fund Management PLC Pricing of Debt (5576K)
April 22 2020 - 10:47AM
UK Regulatory
TIDMJUP
RNS Number : 5576K
Jupiter Fund Management PLC
22 April 2020
Pricing Announcement
Jupiter Fund Management plc
22 April 2020
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR
RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS
(INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN
SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF
THE UNITED STATES AND THE DISTRICT OF COLUMBIA (THE "UNITED
STATES") OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR TO ANY
PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS
UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
Pricing of GBP50 million Subordinated Tier 2 Note Issue
Further to the announcement dated 17 February 2020 relating to
Jupiter Fund Management plc's ("Jupiter") proposed acquisition of
Merian Global Investors Limited and its subsidiaries and subsidiary
undertakings, Jupiter is pleased to announce the successful pricing
of GBP50 million Fixed Rate Reset Callable Subordinated Tier 2
Notes due 2030 (ISIN: XS2160867326) with an initial annual coupon
of 8.875 per cent. (subject to reset in accordance with the terms
of the Notes) (the "Notes"). Jupiter expects the Notes to be issued
on 27 April 2020. The sole bookrunner for the issue of the Notes is
J.P. Morgan Securities plc.
For further information, please contact:
Investors Media
Jupiter Alex Sargent/Investor Despina Constantinides/Corporate
Relations Communications
+44 (0)20 3817 1534/1065 +44 (0)20 3817 1196/1278
Powerscourt Justin Griffiths
+44 (0)20 7549 0999
Important Notices
This announcement is an advertisement and for information only
and does not constitute or form part of, and should not be
construed as, an offer to sell nor is it a solicitation of an offer
to buy securities in any jurisdiction where it is unlawful to do
so.
The offering and the distribution of this announcement only to
and directed only at persons in circumstances where sections 21(1)
of the Financial Services and Markets Act 2000, as amended, does
not apply (all such persons together being referred to as "relevant
persons"). This announcement is directed only at relevant persons
and must not be acted on or relied on by persons who are not
relevant persons. Any investment or investment activity in the
United Kingdom (including, but not limited to, any invitation,
offer or agreement to subscribe, purchase or otherwise acquire
securities) to which this announcement relates is available only to
relevant persons and will be engaged in only with relevant
persons.
PROHIBITION OF SALES TO EUROPEAN ECONOMIC AREA (THE "EEA") AND
UNITED KINGDOM (THE "UK") RETAIL INVESTORS - The Notes are not
intended to be offered, sold or otherwise made available to and
should not be offered, sold or otherwise made available to any
retail investor in the EEA or in the UK. For these purposes, a
retail investor means a person who is one (or more) of: (i) a
retail client as defined in point (11) of Article 4(1) of Directive
(EU) 2014/65 (as amended, "MiFID II"); or (ii) a customer within
the meaning of Directive (EU) 2016/97, where that customer would
not qualify as a professional client as defined in point (10) of
Article 4(1) of MiFID II. Consequently no key information document
required by Regulation (EU) No 1286/2014 (the "PRIIPs Regulation")
for offering or selling the Notes or otherwise making them
available to retail investors in the EEA or in the UK has been
prepared and therefore offering or selling the Notes or otherwise
making them available to any retail investor in the EEA or in the
UK may be unlawful under the PRIIPs Regulation.
MIFID II product governance / Professional investors and ECPs
only target market - Solely for the purposes of the manufacturer's
product approval process, the target market assessment in respect
of the Notes has led to the conclusion that: (i) the target market
for the Notes is eligible counterparties and professional clients
only, each as defined in MiFID II; and (ii) all channels for
distribution of the Notes to eligible counterparties and
professional clients are appropriate. Any person subsequently
offering, selling or recommending the Notes (a "distributor")
should take into consideration the manufacturer's target market
assessment; however, a distributor subject to MiFID II is
responsible for undertaking its own target market assessment in
respect of the Notes (by either adopting or refining the
manufacturer's target market assessment) and determining
appropriate distribution channels.
This announcement is not an offer of securities for sale in the
United States or in any other jurisdiction to whom or in which such
offer or solicitation is unlawful and is not for publication or
distribution to U.S. persons (within the meaning of Regulation S
under the Securities Act). The Notes have not been and will not be
registered under the Securities Act and may not be offered or sold
within the United States or to or for the account or benefit of a
U.S. person except in certain transactions exempt from, or not
subject to, the registration requirements of the Securities
Act.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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