Jura Acquisition Limited, a consortium jointly-led by funds managed by Dalmore Capital and Equitix Investment Management, has confirmed that its offer for John Laing Infrastructure Fund (JLIF) - GBP1.425 (US$1.873) in cash for each JLIF share - is final and that the offer price will not be increased.
JLIF shareholders who held shares on the dividend record date of 7 September 2018 will also be entitled to receive the payment of a dividend of GBP0.0357 (US$0.0469) for each JLIF share for the six-month period ended 30 June 2018.
Including this pre-close dividend, the offer values JLIF's entire issued and to be issued ordinary share capital at approximately GBP1,448 million (US$1.903.67 million).
The board of JLIF has confirmed that it has not received any competing proposals from any third party potential offerors and is not currently in discussions with any third party regarding a competing proposal.
The JLIF Directors, who have been so advised by J.P. Morgan Cazenove and Rothschild as to the financial terms of the offer, consider the terms to be fair and reasonable and continue to recommend unanimously that JLIF shareholders vote or procure votes in favour of the resolutions relating to the acquisition at upcoming meetings on 24 September 2018.