Replacement: Share Buyback


 

TIDMJIL 
 
RNS Number : 1002V 
Juridica Investments Limited 
27 October 2010 
 

                          Juridica Investments Limited 
                            ("JIL" or the "Company") 
                            Share Buyback Programme 
 
The following amendment has been made to the 'Share Buyback Programme' 
announcement released on 27 October 2010 at 07:00 under RNS No 0550V. 
The announcement stated that no purchases will be made by the Company under the 
Buyback unless they are earnings accretive.  The statement has been amended to 
read, "No purchases will be made by the Company under the Buyback unless they 
are accretive on a net asset value per share basis." 
All other details remain unchanged. 
The full amended text is shown below. 
"At the annual general meeting of the Company held on 28 May 2010, Shareholders 
authorised the Company to make market purchases of up to 14.99 per cent. of the 
issued share capital of the Company. 
Given the current share price of the Company's shares compared to its published 
net asset value, the Company announces that it  intends to commence a share 
buyback programme  over the next few days of up to US $10 million (the 
"Buyback") pursuant to this authority.   No purchases will be made by the 
Company under the Buyback unless they are accretive on a net asset value per 
share basis. 
Assuming no sales are made by Invesco Asset Management Limited ("Invesco"), 
Invesco may hold shares carrying more 30 per cent. of the voting rights of the 
Company as a result of a Buyback. 
Following discussions between the Company and the Takeover Panel, the Takeover 
Panel has agreed that, under Rule 37.1 of the Takeover Code and the notes to 
that Rule, Invesco should be treated as an "innocent bystander" in relation to 
any increase in its holdings of Shares as a result of the Buyback and will not 
therefore be required to make an offer under Rule 9 as a result of any increase 
in its holding caused by such a Buyback." 
For further information, please contact 
 
+------------------------------+------------------------------+ 
| Juridica Capital Management  | +1 (866) 443 1080            | 
| Limited                      |                              | 
| Richard W. Fields            |                              | 
|                              |                              | 
+------------------------------+------------------------------+ 
| Cenkos Securities (NOMAD)    | +44 (0) 20 7397 8900         | 
| Nicolas Wells                |                              | 
| Camilla Hume                 |                              | 
|                              |                              | 
+------------------------------+------------------------------+ 
| Pelham Bell Pottinger        | +44 (0) 20 7861 3232         | 
| David Rydell                 |                              | 
| Olly Scott                   |                              | 
+------------------------------+------------------------------+ 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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