NEW YORK CITY (dpa-AFX) - JTC Plc. (JTCPF), a provider of fund, corporate
and private client services, announced the proposed acquisition of First
Republic Trust Company of Delaware LLC, a wholly owned subsidiary of JPMorgan
Chase Bank, for the total consideration of $21.0 million in cash.

The transaction remains subject to final regulatory approvals and satisfaction
of other customary closing conditions. The acquisition is expected to be
accretive to earnings per share in the first full year of ownership.

First Republic Trust Company of Delaware is a provider of trust administration
services to high-net-worth individuals and is headquartered in Wilmington,
Delaware. The company has approximately $9 billion of assets under
administration by market value and has a dedicated team of trust professionals
all with significant expertise in the trust administration market.

Post-completion of the acquisition, First Republic Trust Company of Delaware
will become part of JTC's Private Client Services division.



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