Conversion of Subscription Sh

RNS Number : 6413J

JPMorgan Asian Investment Tst PLC

01 April 2010

 



LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN ASIAN INVESTMENT TRUST PLC

ISSUE OF SHARES

JPMorgan Asian Investment Trust plc announces that on Wednesday 31st March 2010 it received applications from Subscription shareholders to exercise their rights in respect of 15,527,328 Subscription shares. It is expected that the new Ordinary shares arising from the conversion will be allotted and admitted to listing on the Official List of the UK Listing Authority and to trading on the main market of the London Stock Exchange on Friday 9th April 2010.

Following the allotment of these new Ordinary shares the number of Subscription shares in issue will be 11,938,797.

NET ASSET VALUE

For information purposes only, the exercise price of the Subscription shares has, effective today, increased from 137 pence per share to 176 pence per share. The Company's unaudited Cum Income and Capital only Net Asset Values per share, assuming that the remaining 11,938,797 Subscription shares in issue were all exercised at 176 pence per share, based on assets as at close of business on 31st March 2010, would be 226.11 pence and 226.20 pence respectively.

1st April 2010

For further information, please contact:

Alison Vincent

JPMorgan Asset Management (UK) Limited - Company Secretary

Telephone [phone]

 

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