Transaction in Own Shares

Summary by AI BETAClose X

The Company repurchased 40,000 ordinary shares into treasury at 1,217.50 pence per share (total consideration approximately £487,000); following the transaction the Company holds 120,642,918 shares in treasury and the shares in issue less treasury are 160,990,992. The repurchase represents approximately 0.025% of the outstanding shares and the Company states it will only re-issue treasury shares at a premium to net asset value, implying limited dilution and a modest supportive signal to NAV per share but minimal immediate material impact given the small scale of the transaction.

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Companies

JPMorgan American Inv Trust (JAM)
UK 100
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