Jupiter US Smaller Companies PLC commences an Equity Buyback Plan for 1,856,114 shares, representing 14.99% of its issued share capital, under the authorization approved on December 22, 2020.
December 29, 2020 at 12:00 am
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Jupiter US Smaller Companies PLC (LSE:JUS) commences share repurchases on December 29, 2020, under the program mandated by the shareholders in the Annual General Meeting held on December 22, 2020. As per the mandate, the company is authorized to repurchase up to 2,202,073 shares, representing 14.99% of its issued share capital. The minimum price which may be paid shall be each of their respective nominal values. The maximum price which may be paid for an ordinary share is the higher of either an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the date on which the ordinary share is contracted to be purchased or an amount equal to the higher of the price of the last independent trade of an ordinary share and the highest current independent bid for an ordinary share on the London Stock Exchange Daily Official List at the time the purchase is carried out. The repurchased shares will be held in treasury or cancelled. The program will be funded out of the company's existing cash resources or out of distributable profits as defined by the Companies Act 2006. The program will expire at the conclusion of the next Annual General Meeting in 2020, unless renewed. As of June 30, 2020, the company has 18,223,413 ordinary shares of which 5,233,614 shares are held in treasury.
Brown Advisory US Smaller Companies PLC is a United Kingdom-based independent investment management and strategic advisory company. The Companyâs investment objective is to achieve long-term capital growth by investing in a diversified portfolio primarily of quoted United States smaller and medium-sized companies. It invests in smaller companies, which can be less liquid than investments in larger companies and can have fewer resources than larger companies to cope with unexpected adverse events. The Company invests mainly in shares. Its investment portfolio includes healthcare, information technology, industrials, consumer discretionary, cash and gearing, communication services, energy, consumer staples, financials, materials, and real estate. The Company operates in Austin, Baltimore, Boston, Delaware, Frankfurt, London, Nashville, New York, North Carolina, San Francisco, Singapore, and Southern California, among others. The Company's portfolio manager is Brown Advisory LLC.
Jupiter US Smaller Companies PLC commences an Equity Buyback Plan for 1,856,114 shares, representing 14.99% of its issued share capital, under the authorization approved on December 22, 2020.
BROWN ADVISORY US SMALLER COMPANIES PLC 
