Subscription Share Price

RNS Number : 4045V

JPMorgan Overseas IT PLC

11 January 2013

 



STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN OVERSEAS INVESTMENT TRUST PLC (the "Company")

11 January 2013

Subscription Share Price

Further to the Company's announcement on 10 January 2013, the Subscription Shares shall be allotted, subject to listing, to Ordinary Shareholders on the register at the close of business on 11 January 2013, by way of a bonus issue on the basis of one Subscription Share for every five Ordinary Shares held at that date.

Each Subscription Share will confer the right, but not the obligation, to subscribe for one Ordinary Share upon payment of the relevant Subscription Price as set out below. This right may be exercised to have effect on 31 October 2013, 30 April 2014, 31 October 2014, 30 April 2015 or 30 October 2015 after which the Subscription Share Rights will lapse.

The Subscription Price, which is equal to the published unaudited NAV per Ordinary Share as at close of business on 10 January 2013 (including current period revenue) of 857.10 pence per share 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 to have effect on 31 October 2013, 900 pence, being a 5 percentage premium to such amount;

·     if Subscription Share Rights are exercised to have effect on 30 April 2014 or 31 October 2014,  943 pence, being a 10 percentage premium to such amount; and

·     if Subscription Share Rights are exercised to have effect on 30 April 2015 or 30 October 2015, 986 pence, being a 15 percentage premium to such amount.

Terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the Prospectus dated 5 December 2012. 

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Richard Plaskett   J.P. Morgan Asset Management	020 7742 3422
James Moseley Winterflood Investment Trusts	020 3100 0250

Winterflood Securities Limited, which is authorised and regulated in the UK by the Financial Services Authority, is, through its division Winterflood Investment Trusts, acting for the Company and for no-one else in connection with the contents of this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to customers of Winterflood Investment Trusts or for providing advice in relation to the contents of this announcement or any matter referred to herein.

 

END

 

 

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