JPMorgan Multi-Asset Trust PLC commences an Equity Buyback Plan for 42,105,217 Number of shares, representing 14.99% of its issued share capital, under the authorization approved on July 13, 2017.
April 09, 2018 at 12:00 am EDT
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JPMorgan Multi-Asset Trust PLC (LASE:MATE) commences share repurchases on April 9, 2018 under the program mandated by the shareholders in the Annual General Meeting held on July 13, 2017. As per the mandate, the company is authorized to repurchase up to 42,105,217 shares, representing 14.99% of its issued share capital. The repurchased shares will be cancelled. The maximum price which may be paid is the higher of 5% above the average market value of the shares for the five business days before the purchase is made the higher of the last independent trade price and the highest current independent bid price on the London Stock Exchange. The minimum price payable for the shares will be the nominal value of £0.25 per share. The repurchased shares will be cancelled. The plan will be valid up to the conclusion of the next Annual General Meeting. As on July 13, 2017, the company had 42,105,217 shares in issue.
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 42,105,217 Number of shares, representing 14.99% of its issued share capital, under the authorization approved on July 13, 2017.
JPMN MULT 
