Dear client
The boards of JGGI and HINT are pleased to announce that heads of terms have been agreed for a combination of the two companies. The combination will be undertaken through a scheme of reconstruction of HINT under s.110 of the Insolvency Act 1986 (the "Scheme"), under which HINT's assets will be rolled into JGGI in exchange for the issue of new JGGI shares to HINT shareholders (the "Transaction").
Combination with JPMorgan Global Growth & Income plc ("JGGI")
The Transaction will result in a company with net assets of approximately £3.4 billion, and an estimated ongoing charges ratio of 0.42 per cent. The respective boards and JPMAM believe that the outlook for the enlarged JGGI remains compelling.
It is intended that the documentation in connection with the Transaction will be posted to each of JGGI's and HINT's shareholders in April/May 2025 with a view to convening general meetings in May/June 2025. The Transaction is expected to conclude by July 2025.
See link to the notification: https://www.londonstockexchange.com/news-article/HINT/combination-with-jggi/16889369
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Kind regards
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