The Listing Executive Committee of the Stock Exchange of Mauritius Ltd (SEM) has approved today, 9 December 2010, the listing of yet another global fund on the Exchange. After the listing of Meteor Property Fund, one of the Cells of The Four Elements PCC, on 6 October 2010, the SEM is now admitting another global fund, one of the Cells of JPT Capital PCC, namely JPT Capital Agrifund.
The listing of Global Funds is in line with SEM’s strategy to position itself as a multi-product and internationally oriented Exchange. The changes to the Listing Rules since early 2010, have helped to position the SEM as an attractive venue for the Listing of Global and Specialised Funds. The new Listing régime is based on flexible rules that can accommodate the listing of a wide spectrum of funds including Professional Collective investment schemes, Specialized collective investment schemes, Expert Funds, and other types of Global and Specialised Funds.
Facts on JPT Capital PCC
The approval concerns the listing of up to 500,000 redeemable preference shares of JPT Capital PCC at a price of £100 per share. JPT Capital PCC’s shares will be admitted on SEM’s Official Market on 14 December 2010.
The objective of JPT Capital Agrifund is to invest for significant long-term income and capital appreciation with a focus on property investments in Australia. Investment in property can be direct or indirect through a broad range of investment vehicles.
About the Stock Exchange of Mauritius Ltd (SEM)
The Stock Exchange of Mauritius Ltd (SEM) was incorporated in Mauritius on March 30, 1989 under the Stock Exchange Act 1988, as a private limited company responsible for the operation and promotion of an efficient and regulated securities market in Mauritius. Since October 2008, the SEM has become a public company, and over the years the Exchange has witnessed a significant overhaul of its operational, regulatory and technical framework to reflect the everchanging standards of the stock market environment worldwide. SEM is today one of the leading Exchanges in Africa and a member of the World Federation of Exchanges (WFE).
About JPT Capital PCC
JPT Capital PCC is a protected cell company incorporated in Mauritius in September 2010. It has its registered office at c/o Multiconsult Limited, Rogers House, 5 President John Kennedy Street, Port Louis. It holds a Category 1 Global Business Licence and is licensed by the Financial Services Commission as a Global Scheme under the Securities (Collective Investment Schemes and Closed End Funds) Regulations 2008. The purpose of JPT Capital PCC is to facilitate a structure of separate authorised Cells, with each Cell having its own distinct investment objectives, restrictions and risk profile.
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