Transaction in Own Shares

Summary by AI BETAClose X

JPMorgan Emerging Markets Investment Trust PLC repurchased 700,000 Ordinary shares into Treasury today at 137.54 pence per share. This transaction increases the total shares held in Treasury to 345,607,404. Consequently, the number of shares in issue, excluding Treasury shares, now stands at 978,027,846. The company's policy to re-issue Treasury shares only at a premium to net asset value indicates a strategy aimed at enhancing shareholder value, as the reduction in outstanding shares can positively impact earnings per share.

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