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JPMORGAN EUROPEAN INVESTMENT TRUST PLC
CONVERSION OF SHARESLegal Entity Identifier:549300D8SPJFHBDGXS57
Information disclosed in accordance with LR 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'):
- 1,003,249 Growth Shares; and
- 12,664,930 Income Shares.
At 8.00 a.m. on 16th March 2020, the above Converting Shares will be converted into:
- 6,518,323 Growth Shares; and
- 1,919,923 Income Shares.
(the 'Resulting Shares')
Following the conversion, the total number of Shares in issue at 8.00 a.m. on 16th March 2020 will be:
- 74,259,820 Growth Shares; and
- 89,181,557 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 4th March 2020.
The resulting Conversion Ratios were:
- for every Converting Share which is a Growth Share, holders are entitled to 1.913705 Income Shares; and
- for every Converting Share which is an Income Share, holders are entitled to 0.514675 Growth Shares.
Individual Shareholders' entitlements on conversion will be rounded down to the nearest whole number of Shares. The Resulting Shares will rank pari passuwith the existing Shares of the relevant class of Resulting Share. The Nominal Value of the shares following the conversion will be Growth Shares 3.90508 pence and Income Shares 2.04059 pence.
The Resulting Shares have been allotted subject only to admission to the Official List 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 16th March 2020. Dealings in such shares are expected to commence at 8.00 a.m. on 16th March 2020. It is anticipated that Certificates in respect of the Resulting Shares will be posted by 26th March 2020.
Terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the Company's articles of association.
11th March 2020
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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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Conversion of Shares - RNS
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JPMorgan European Investment Trust plc published this content on 11 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 March 2020 17:04:07 UTC