JPMorgan Asia Growth & Income plc commences an Equity Buyback Plan for 14,233,228 shares, representing 14.99% of its issued share capital, under the authorization approved on February 17, 2021.
September 29, 2021 at 12:00 am EDT
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JPMorgan Asia Growth & Income plc (LSE:JAGI) commences share repurchases on September 29, 2021, under the program mandated by the shareholders in the Annual General Meeting held on February 17, 2021. As per the mandate, the company is authorized to repurchase up to 14,233,228 shares, representing 14.99% of its issued share capital.
JPMorgan Asia Growth & Income plc is a United Kingdom-based investment trust company. The Company's objective is to provide capital growth from a diversified portfolio of around 50 to 80 companies quoted on the Asian stock markets, excluding Japan. The Company pays quarterly dividends equivalent to 1% of its net asset value, set on the last business day of each financial quarter. It also has the ability to use gearing up to a maximum level of 20% of net assets to increase potential returns to shareholders. The Company invests in various sectors, such as financials, information technology, consumer discretionary, industrials, communication services, materials, health care, real estate, consumer staples, energy, utilities and others. It also has investments in various geographic areas, including China, India, Taiwan, Korea, Hong Kong, Singapore, Indonesia, Thailand, Australia, Malaysia and Philippines. JPMorgan Funds Limited is the Alternative Investment Fund Manager of the Company.
JPMorgan Asia Growth & Income plc commences an Equity Buyback Plan for 14,233,228 shares, representing 14.99% of its issued share capital, under the authorization approved on February 17, 2021.
JPMORGAN ASIA GROWTH & INCOME PLC 