Last checked at 4 Nov 2020 12:37
LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMORGAN EMERGING MARKETS INVESTMENT TRUST PLC
SUB-DIVISION AND TOTAL VOTING RIGHTS
Legal Entity Identifier: 5493001VPQDYH1SSSR77
JPMorgan Emerging Markets (the 'Company') today announces further details of the previously announced sub-division of shares. All details are subject to the approval of the sub-division of the ordinary shares of 25p each (each an 'Ordinary Share') into 10 ordinary shares of 2.5p each (each a 'New Ordinary Share') at the Company's Annual General Meeting, which will be held on 5th November 2020.
As mentioned in the Company's annual report, the last day of trading in the Ordinary Shares will be 5th November 2020, following which the sub-division will take effect and it is expected that the New Ordinary Shares will be admitted to trading on the main market of the London Stock Exchange at 8.00 a.m. on 6th November 2020.
Shareholders will receive 10 New Ordinary Shares in exchange for each Ordinary Share held on 5th November 2020. CREST accounts will be credited with New Ordinary Shares on 6th November 2020 and share certificates in respect of the New Ordinary Shares are expected to be posted to shareholders no later than Friday 20th November 2020.
The New Ordinary Shares will have a new ISIN and SEDOL, as follows:
New ISIN: GB00BMXWN182
SEDOL: BMXWN18
The ticker for the New Ordinary Shares will remain the same as the ticker for the Ordinary Shares (JMG). The New Ordinary Shares will rank pari passu with each other and will be subject to the same rights and restrictions as the Existing Ordinary Shares. A holding of New Ordinary Shares following the sub-division will represent the same proportion of the issued ordinary share capital of the Company as the corresponding holding of Existing Ordinary Shares.
The Company currently has 132,363,525 Ordinary Shares in issue (including 13,360,201 held in Treasury). On this basis, in accordance with the Financial Conduct Authority's ('FCA') Disclosure Guidance and Transparency Rule 5.6, the Company advises that following the completion of the sub-division, as at 6th November 2020 the Company will have 1,323,635,250 New Ordinary Shares in issue (including 133,602,010 held in Treasury (assuming no shares are bought back by the Company before 5th November 2020). Each such ordinary share has one vote per share.
Therefore as at 6th November 2020, the total number of voting rights for ordinary shareholders in the Company will be 1,190,033,240.
The above figure (1,190,033,240) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to, their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
Applications are being made to the Financial Conduct Authority to amend the Official List, and to the London Stock Exchange to amend the outstanding number of ordinary shares in issue with effect from 6 November 2020.
4th November 2020
For further information, please contact:
Jonathan Latter
For and on behalf of
JPMorgan Funds Limited - Secretary
020 7742 4000