JPMorgan European Invest Tst PLC Conversion of Shares (3242H)
March 09 2018 - 11:41AM
UK Regulatory
TIDMJETG TIDMJETI
RNS Number : 3242H
JPMorgan European Invest Tst PLC
09 March 2018
LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMORGAN EUROPEAN INVESTMENT TRUST PLC
CONVERSION OF SHARES
This announcement is made in replacement of 3196H released at
16.03 on 9 March 2018. The original announcement identified the
number of Growth Converting Shares as Income Converting Shares and
visa versa.
Legal Entity Identifier: 549300D8SPJFHBDGXS57
Information disclosed in accordance with DTR 9.6.4 (6)
The Board of JPMorgan European Investment Trust plc (the
'Company') announces that valid Conversion Notices have been
received in respect of the following Shares (the 'Converting
Shares'):
- 4,579,174 Growth Shares; and
- 707,537 Income Shares.
At 8.00 a.m. on 15th March 2018, the above Converting Shares
will be converted into:
- 360,957 Growth Shares; and
- 8,818,257 Income Shares.
(the 'Resulting Shares')
Following the conversion, the total number of Shares in issue at
8.00 a.m. on 15th March 2018 will be:
- 72,972,275 Growth Shares; and
- 101,880,214 Income Shares.
The conversion calculations were based on the relative net asset
values of the two share classes (net of accrued management expenses
and applicable costs of conversion) as at close of business on 7th
March 2018.
The resulting Conversion Ratios were:
- for every Converting Share which is a Growth Share, holders
are entitled to 1.925731 Income Shares; and
- for every Converting Share which is an Income Share, holders
are entitled to 0.510160 Growth Shares.
Individual Shareholders' entitlements on conversion will be
rounded down to the nearest whole number of Shares. The Resulting
Shares will rank pari passu with the existing Shares of the
relevant class of Resulting Share. The Nominal Value of the shares
following the conversion will be Growth Shares 3.97000 pence and
Income Shares 2.06155 pence.
The Resulting Shares have been allotted subject only to
admission to the Official List of the UK Listing Authority and to
trading on the London Stock Exchange's main market for listed
securities ('Admission'). The relevant applications have been made
and Admission is expected to occur at 8.00 a.m. on 15th March 2018.
Dealings in such shares are expected to commence at 8.00 a.m. on
15th March 2018. It is anticipated that Certificates in respect of
the Resulting Shares will be posted by 23rd March 2018.
Terms used in this announcement shall, unless the context
otherwise requires, bear the meaning given to them in the Company's
articles of association.
9th March 2018
For and on behalf of
JPMorgan Funds Limited, Secretary
For further information, please contact: Paul Winship Tel. 020
7742 9815
This information is provided by RNS
The company news service from the London Stock Exchange
END
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