Entry into Forward Transaction for EBT
EBT enters forward transaction with Morgan Stanley to cover up to 25.9m shares for employee incentive plans.
- Shares covered by forward transaction 25.9m
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Jupiter announces that JTC Employer Solutions Trustee Limited (in its capacity as trustee for the Jupiter Employee Benefit Trust ("EBT")) has entered into a forward transaction with Morgan Stanley & Co. International Plc in respect of ordinary shares in Jupiter Fund Management plc (the "Shares").
The forward transaction has been put in place for the purpose of satisfying existing, planned and anticipated employee long term incentive plan obligations.
The forward transaction will commence in the first quarter of 2026 and will cover up to 25.9m Shares.
No Shares will be held by the EBT unless and until any physical settlement is elected under the forward transaction at its maturity.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.