Subscription Share Conversion

RNS Number : 7422M

JPMorgan Asian Investment Tst PLC

03 February 2009

 



STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN ASIAN INVESTMENT TRUST PLC

3 February 2009

JPMorgan Asian Investment Trust plc (the 'Company')                

Bonus issue of Subscription Shares 

In connection with the bonus issue of Subscription Shares detailed in the Prospectus to shareholders dated 9 January 2009 (the 'Prospectus'), the Conversion Price, as defined in the Prospectus and equal to the unaudited NAV per Ordinary Share as at 5.00 p.m. on 2 February 2009 of 135.04 pence per share (the 'Unaudited NAV') plus a percentage premium to such amount, rounded up to the nearest whole penny, has now been determined and is as follows:

If Subscription Share Rights are exercised on any day between and including 1 April 2009 and 31 March 2010, 137.00 pence, being a 1 per cent. premium to the Unaudited NAV per Ordinary Share.

If Subscription Share Rights are exercised on any day between and including 1 April 2010 and 31 March 2012, 176.00 pence, being a 30 per cent. premium to the Unaudited NAV per Ordinary Share.

If Subscription Share Rights are exercised on any day between and including 1 April 2012 and 31 March 2014, 203.00 pence, being a 50 per cent. premium to the Unaudited NAV per Ordinary Share.

Defined terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the Prospectus.

Enquiries

Cenkos Securities

Will Rogers       020 7397 1920

Dion Di Miceli   020 7397 1921

JPMorgan Asset Management (UK) Limited 

Simon Crinage            020 7742 3445

Richard Plaskett         020 7742 3422

 

END

 

 

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