JPMorgan Mid Cap Investment Trust plc commences an Equity Buyback Plan for 3,323,469 shares, representing 14.99% of its issued share capital, under the authorization approved on November 1, 2022.

JPMorgan Mid Cap Investment Trust plc (LSE:JMF) commences share repurchases on December 5, 2022, under the program mandated by the shareholders in the Annual General Meeting held on November 1, 2022. As per the mandate, the company is authorized to repurchase up to 3,323,469 shares, representing 14.99% of its issued share capital. The maximum price which may be paid for a share shall be an amount equal to the higher of, either 105% of the average of the middle market quotations for a 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 expire on April 30, 2024, unless the authority is renewed at the next Annual General Meeting or at any other General Meeting prior to such time. As at September 16, 2022, the company had 22,171,242 issued shares.