Jupiter European Opps. Trust PLC Management Update (9120P)
October 15 2019 - 4:55AM
UK Regulatory
TIDMJEO
RNS Number : 9120P
Jupiter European Opps. Trust PLC
15 October 2019
Jupiter European Opportunities Trust PLC (the "Company")
Legal Entity Identifier: 549300XN7RXQWHN18849
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No 596/2014. This
announcement has been authorised for release by the Board of
Directors (the "Board").
15 October 2019
Management Update
Further to the Company's announcement on 2 October 2019, the
Board is pleased to announce that it has completed its due
diligence exercise, with the support of specialist professional
advisers, on both Devon Equity Management Limited ("Devon"), as
proposed portfolio manager, and FundRock Management Company S.A.
("FundRock") as proposed Alternative Investment Fund Manager
("AIFM").
In addition, Devon has now received formal confirmation that the
FCA is minded to grant regulatory approval, which is expected to
become effective once certain key employees have been registered as
FCA approved persons with Devon.
Therefore, the Board has today entered into a portfolio
management agreement with Devon and FundRock as well as a separate
AIFM agreement with FundRock.
The Board intends that the appointment of Devon and FundRock
will take effect from 15 November 2019, being the requisite 30
days' notice FundRock needs to give the FCA of its intention to act
as AIFM of the Company. On the appointment of Devon and FundRock
the management contract with Jupiter will terminate.
Enquiries
Cenkos Securities PLC
Will Rogers 020 7397 1920
Will Talkington 020 7397 1910
Andrew Worne 020 7397 1912
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END
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