JPMorgan Multi-Asset Trust PLC commences an Equity Buyback Plan for 12,905,851 shares, representing 14.99% of its issued share capital, under the authorization approved on July 2, 2020.
March 23, 2021 at 12:00 am EDT
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JPMorgan Multi-Asset Trust PLC (LASE:MATE) commences share repurchases on March 23, 2021 under the program mandated by the shareholders in the Annual General Meeting held on July 2, 2020. As per the mandate, the company is authorized to repurchase up to 12,905,851 shares, representing 14.99% of its issued share capital. The minimum price which may be paid for each ordinary share is £0.01 pence and the maximum price which may be paid for each ordinary share is the higher of an amount equal to 105% of the average of the middle market quotations for an ordinary share, as derived from the London Stock Exchange Daily Official List, for the five business days immediately preceding the day on which the ordinary share is purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. The repurchased shares will be cancelled or held in treasury. The authority shall expire at the earliest of the conclusion of the next Annual General Meeting, or on January 2, 2022, whichever is earlier. As on June 2, 2020, the company had 86,096,408 shares in issue and 7,019,235 shares held in treasury.
JPMorgan Multi-Asset Growth & Income plc is a United Kingdom-based investment company. The objective of the Company is to generate income and capital growth through a multi-asset strategy, while seeking to maintain lower levels of volatility than an equity portfolio. The Company seeks to invest in a diversified portfolio of securities and other asset classes, including equities and equity-linked securities, fixed interest securities, alternative assets, and derivatives. It serves various sectors, including information technology, consumer discretionary, health care, industrials, financials, energy, communication services, materials, utilities, real estate, and consumer staples. JPMorgan Funds Limited is the investment manager of the Company.
JPMorgan Multi-Asset Trust PLC commences an Equity Buyback Plan for 12,905,851 shares, representing 14.99% of its issued share capital, under the authorization approved on July 2, 2020.