Reminder of Subscription Share Exercise Date

RNS Number : 6147I

JPMorgan Overseas IT PLC

26 March 2015

 



JPMorgan Overseas Investment Trust plc

26^th March 2015                                  Reminder of Subscription Share Exercise Date

JPMorgan Overseas Investment Trust plc (the "Company") would like to remind holders of subscription shares in the Company (the "Subscription Shares") of the penultimate Subscription Share exercise date on 30 April 2015 (the "Exercise Date").

If holders of Subscription Shares choose to exercise their Subscription Shares rights, they will acquire one new ordinary share in the Company ("Ordinary Share") at a fixed price of 986 pence per Ordinary Share for each Subscription Share exercised.

If you hold your Subscription Shares in certificated form and you wish to exercise your Subscription Share rights, you must complete and sign the notice of exercise of subscription rights between 9.00am on 20th March 2015 and 5.00pm on 16th April 2015.

If you hold your Subscription Shares in uncertificated form (i.e. in CREST) and you wish to exercise your Subscription Share rights, instruction should be input in CREST and received between 9.00am on 20th March 2015 and 1.00pm on 30th April 2015.

There will be a further opportunity for holders of Subscription Shares to exercise their conversion rights (the "Final Subscription Shareholder Exercise") prior to 30 October 2015 (the "Final Subscription Date").

If Subscription Shareholders choose not to exercise their Subscription Share rights prior to the Final Subscription Date, within seven days following the Final Subscription Date, the Company will appoint a trustee (the "Final Subscription Trustee") to act on behalf of the Subscription Shareholders (if any) who have not exercised their Subscription Share rights by the Final Subscription Date.

If, in the opinion of the Final Subscription Trustee, the net proceeds of sale after deduction of all costs and expenses incurred by the trustee (including its fees) will exceed the costs of exercising the Subscription Share Rights, the Final Subscription Trustee will exercise all the outstanding Subscription Share Rights within 14 days of the Final Subscription Date and sell the Ordinary Shares resulting from such exercise in the market (the "Final Trustee Exercise"). The net proceeds will be distributed pro rata to the persons entitled thereto.

Investors should note that any Ordinary Shares issued pursuant to the Final Subscription Shareholder Exercise will be entitled to any final dividend declared for the year ending 30 June 2015 (the "Final Dividend"). However, given the uncertainties around the timing of any Final Trustee Exercise, there can be no certainty that any new Ordinary Shares issued pursuant to the Final Trustee Exercise will be entitled to the Final Dividend.

Holders of Subscription Shares are under no obligation to convert their Subscription Shares at any time before the Exercise Date or the Final Subscription Date. The Subscription Shares are independently traded on the London Stock Exchange. If Subscription Shareholders are in any doubt about what to do, they are strongly encouraged to seek independent financial advice.

For further information please visit the Company's website at www.jpmoverseas.co.uk or contact:

Divya Amin

JPMorgan Funds Limited

Telephone [phone]

 

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