JPMorgan Multi-Asset Trust PLC (LASE:MATE) commences share repurchases on July 4, 2023, under the program mandated by the shareholders in the Annual General Meeting held on July 13, 2023. As per the mandate, the company is authorized to repurchase up to 11,297,724 shares, representing 14.99% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to 105% of the average of the middle market quotations for the ordinary shares taken from the London Stock Exchange Daily Official List for five business days immediately preceding the day on which that share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade and the highest current independent bid on the trading venues where the purchase is carried out at the relevant time.

The minimum price which may be paid for an ordinary share is 1p. The authority shall expire at the of the conclusion of the next Annual General Meeting in 2024, or on January 2, 2025, whichever is later. As of May 17, 2023, the company had 75,668,408 issued and outstanding shares and had 17,447,235 treasury shares.