Proposed Bonus Issue of Subsc

RNS Number : 4587O

JPMorgan Emerging Mkts Invest Trust

06 March 2009

 



LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN EMERGING MARKETS INVESTMENT TRUST PLC

PROPOSED BONUS ISSUE OF SUBSCRIPTION SHARES

6 March 2009 

The Board of JPMorgan Emerging Markets Investment Trust plc (the 'Company') announces that it is considering proposals for a bonus issue of subscription shares to shareholders. Subscription shares are similar to warrants in that they confer the right (but not the obligation) to subscribe for ordinary shares but, unlike warrants, are qualifying investments for the purposes of stocks and shares ISAs and SIPPs.  The Board believes that subscription shares represent an attractive way in which shareholders can participate in any future net asset growth of the Company through subscribing for ordinary shares, as well as having the potential to increase the size of the Company. 

It is expected documents containing recommended proposals will be posted to holders in May 2009. A further announcement will be made in due course.

Enquiries:

Katie Standley, Winterflood Investment Trusts , tel [phone]

Simon Crinage, J.P. Morgan Asset Management, tel [phone]

 

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