Bonus Issue of Subscription S

RNS Number : 6817T

JPMorgan Emerging Mkts Invest Trust

10 June 2009

 



LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN EMERGING MARKETS INVESTMENT TRUST PLC

   10 June 2009

  JPMorgan Emerging Markets 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 12 May 2009 (the 'Prospectus'), the Subscription Price, as defined in the Prospectus and equal to the
unaudited NAV per Ordinary Share as at 5.00 p.m. on 9 June 2009 of 417.30 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 August 2009 and 31 July 2010, 422 pence, being a 1 per cent. premium to the Unaudited NAV.

If Subscription Share Rights are exercised on any day between and including 1 August 2010 and 31 July 2012, 460 pence, being a 10 per cent. premium to the Unaudited NAV.

If Subscription Share Rights are exercised on any day between and including 1 August 2012 and 31 July 2014, 543 pence, being a 30 per cent. premium to the Unaudited NAV.

A total of 22,059,783 Subscription Shares have been allotted, subject to listing, to Shareholders on the register at 5.00 p.m. on 9 June 2009, by way of bonus issue on the basis of one Subscription Share for every five Ordinary Shares held at that date. 

Application has been made for the Subscription Shares to be admitted to the Official List and to trading on the London Stock Exchange. It is expected that dealings in the Subscription Shares will commence at 8.00 a.m. on 11 June 2009. It is anticipated that certificates in respect of the Subscription Shares will be sent out in the week commencing 15 June 2009. 

Following admission of the Subscription Shares there will be 110,303,742 Ordinary shares and 22,059,783 Subscription Shares in issue.  The subscription shares will trade under the code 'JMGS'.

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

Enquiries

For further information, please contact:

Katie Standley               020 3100 0297

Winterflood Investment Trusts 

Craig Cleland                020 7742 3418

Tapiwa Mashingaidze     020 7742 2446

Richard Plaskett             020 7742 3422

J.P. Morgan Asset Management

 

END

 

 

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