Issue of Equity - Replacement

RNS Number : 7774R

JPMorgan American IT PLC

22 November 2012

 



Press Release

For immediate release

22nd November 2012

JPMorgan American Investment Trust plc

(the "Company")

Results of Placing and Total Voting Rights - Replacement Text

The following announcement text was released on 15th November 2012 with an incorrect total voting rights figure. The Total Voting Rights should have read as follows:

Total Voting Rights

Following Admission, the total issued share capital of the Company will consist of 49,588,092 ordinary shares with voting rights.  This figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

The full text of the revised announcement is below:

Further to the Company's announcement earlier today, the Board of Directors announces that the Company has raised approximately £1.776 million before expenses pursuant to a non pre-emptive placing of shares (the "Placing"). A total of 200,000 new ordinaryshares will be issued at the issue price of 888.00 pence per share. 

Application has been made for the new ordinary shares to be admitted to the premium segment of the Official List of the UK Listing Authority and to trading on the main market for listed securities of the London Stock Exchange.  Dealings in the new ordinary shares are expected to commence on 20 November 2012.

Following Admission, the Company will have a market capitalisation (at the issue price under the Placing) of approximately £431.5 million.

Total Voting Rights

Following Admission, the total issued share capital of the Company will consist of 49,588,092 ordinary shares with voting rights.  This figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

End

For further information please contact:

JPMorgan Asset Management (UK) Limited                        [phone]

Alison Vincent

Canaccord Genuity Limited                                              [phone]

Andrew Zychowski/Lucy Lewis

IMPORTANT INFORMATION

The ordinary shares that are the subject of the Placing (the "Placing Shares") have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") or under the securities laws of any state or other jurisdiction of the United States and may not be offered, sold, resold or delivered, directly or indirectly, in or into the United States or to or for the benefit of U.S. Persons (as such term is defined in Rule 902 of Regulation S under the Securities Act ("Regulation S")) absent registration, except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act. No public offering of the Placing Shares is being made in the United States. The Placing is being made outside the United States in offshore transactions (as defined in Regulation S) meeting the requirements of Regulation S under the Securities Act. Persons receiving this document (including custodians, nominees and trustees) must not forward, distribute, mail or otherwise transmit it in or into the United States or use the United States mails, directly or indirectly, in connection with the Placing.

This document does not constitute an offer to sell or issue or a solicitation of an offer to buy or subscribe for Placing Shares in any jurisdiction including, without limitation, the United States, Canada, Australia, the Republic of South Africa, New Zealand, the Republic of Ireland or Japan or any other jurisdiction in which such offer or solicitation is or may be unlawful (a "Prohibited Jurisdiction"). This document and the information contained herein are not for publication or distribution, directly or indirectly, to persons in a Prohibited Jurisdiction unless permitted pursuant to an exemption under the relevant local law or regulation in any such jurisdiction.

Canaccord Genuity Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for JPMorgan American Investment Trust plc and for no one else in connection with the Placing and will not be responsible to anyone other than JPMorgan American Investment Trust plc for providing the protections afforded to clients of Canaccord Genuity Limited or for affording advice in relation to the Placing, or any other matters referred to herein.

 

END

 

 

IOEEANFAALKAFEF