JPEL Private Equity (JPEL) has announced the implementation of Phase III of the Company's strategic initiative plan.

The Company says Phase III emphasis will be on returning to a distribution policy and the reinstatement of the Company's semi-annual tender facility to allow distributions at prevailing Net Asset Values in accordance with the Company's investment policies, whilst repaying debt and reserving for ZDP repayment.

At 12:10pm: (LON:JPEL) JPMorgan Private Equity Ltd share price was 0p at 0.93p