11 Mar 2021 15:58
LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMORGAN EUROPEAN INVESTMENT TRUST PLC
CONVERSION OF SHARES
Legal 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'):
- 317,342 Growth Shares; and
- 1,701,086 Income Shares.
At 8.00 a.m. on 15th March 2021, the above Converting Shares will be converted into:
- 741,476 Growth Shares; and
- 720,192 Income Shares.
(the 'Resulting Shares')
Following the conversion, the total number of Shares in issue at 8.00 a.m. on 15th March 2020 will be:
- 73,388,669 Growth Shares; and
- 86,556,363 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 5th March 2021.
The resulting Conversion Ratios were:
- for every Converting Share which is a Growth Share, holders are entitled to 2.269451 Income Shares; and
- for every Converting Share which is an Income Share, holders are entitled to 0.435884 Growth Shares.
Individual Shareholders' entitlements on conversion will be rounded down to the nearest whole number of Shares. The Resulting Shares will rank pari passu with 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 1.72072 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 15th March 2021. Dealings in such shares are expected to commence at 8.00 a.m. on 15th March 2021. It is anticipated that Certificates in respect of the Resulting Shares will be posted by 26th March 2021.
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 2021
For and on behalf of
JPMorgan Funds Limited, Secretary
For further information, please contact: Paul Winship Tel. 020 7742 9815