Subscription Shares

RNS Number : 5865E

JPMorgan Chinese Inv Tst PLC

13 May 2013

 



STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN CHINESE INVESTMENT TRUST PLC

Subscription Shares - Notice of suspension and cancellation

13 May 2013

The last date on which holders of subscription shares (the "Subscription Shares") in JPMorgan Chinese Investment Trust plc (the "Company") may exercise their subscription rights is 15 May 2013 (the "Final Exercise Date").

To the extent holders of Subscription Shares have not elected to exercise their Subscription Share rights by the Final Exercise Date, a trustee may be appointed over the outstanding Subscription Shares.  In accordance with the Subscription Share terms, the trustee will have to decide whether or not to exercise the outstanding Subscription Share rights within 14 days of the Final Exercise Date, such period expiring at the latest at close of business on 29 May 2013.

To the extent not exercised by the trustee, the Subscription Share rights will lapse at close of business on 29 May 2013 and, in accordance with the shareholder resolutions passed on 22 January 2013, all outstanding Subscription Shares will be converted immediately into deferred shares and automatically repurchased by the Company for a nominal amount and cancelled. The Company shall not be obliged to issue share certificates to shareholders in respect of the deferred shares or account to any holder of deferred shares for the repurchase moneys in respect of such deferred shares.

The Company has requested that the UK Listing Authority suspend the listing of the Subscription Shares from 7.30 a.m. on 16 May 2013, following the passing of the Final Exercise Date, and that the listing of the Subscription Shares be cancelled on 28 June 2013.

Enquiries:

Lucy Dina,

For and on behalf of

JPMorgan Asset Management (UK) Limited - Company Secretary

020 7742 4000 

Neil Morgan,

Winterflood Investment Trusts

020 3100 0292

 

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