JPMorgan European Investment Trust plc - Growth Shares (LSE:JETG) commences share repurchases on January 11, 2021, under the program mandated by the Annual General Meeting held on July 15, 2020. As per the mandate, the company is authorized to repurchase up to 11,131,547 growth shares or 13,368,315 income shares, representing 14.99% of the issued share capital of each class. The minimum price to be paid for growth shares and income shares shall be £0.05 or £0.025 respectively. The maximum price which may be paid for any ordinary share shall be an amount equal to 105% average of the middle market quotations for a growth or income share taken from and calculated by reference to the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the share is purchased or the price of the last independent trade or the highest current independent bid. The authority will be renewed at company's Annual General Meeting in 2020, or January 14, 2022, whichever is earlier. As at June 10, 2020, the company had 72,259,820 growth shares and 89,181,557 income shares in issue.