Sub-division of shares

RNS Number : 7787E

JPMorgan Overseas IT PLC

05 November 2015

 

STOCK EXCHANGE ANNOUNCEMENT

JPMorgan Overseas Investment Trust plc

Sub-division of shares

5 November 2015

At the Annual General Meeting ("AGM") of JPMorgan Overseas Investment Trust plc (the "Company") held today, shareholders approved a sub-division of the Company's ordinary share of 25p each (each an "Existing Ordinary Share") into 5 ordinary shares of 5p each (each a "New Ordinary Share").

The sub-division will take place following admission of any new shares to be issued in connection with the final exercise of the Company's subscription shares and the payment of the final dividend approved by shareholders at the AGM today.

Accordingly, the last day of trading in the Existing Ordinary Shares is expected to be 7 January 2016 and the New Ordinary Shares will be admitted to trading on the main market of the London Stock Exchange with effect from 8.00 a.m. on 8 January 2016.  As detailed in the Company's most recent annual report and accounts the New Ordinary Shares will have a new ISIN (GB00BYMKY695) and new SEDOL (BYMKY69) but the ticker for the New Ordinary Shares will be the same as the ticker for the Existing Ordinary shares (JMO).

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 expected timetable for implementation is as follows:

Final dividend payment date	11 December 2015
Record date for share split	5.00 p.m. on 7 January 2016
Admission and dealings commence in New Ordinary Shares and CREST accounts credited with New Ordinary Shares	8.00 a.m. on 8 January 2016
Share certificates posted in respect of New Ordinary Shares	w/c 11 January 2016

For further information, please contact:

Divya Amin                            

For and on behalf of

JPMorgan Funds Limited

020 7740 4000

Neil Langford

Winterflood Investment Trusts

020 3100 0160

 

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