Suspension and Cancellation of Subscription Shares

RNS Number : 7806W

JPMorgan Indian Invest Trust PLC

02 January 2014

 



LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN INDIAN INVESTMENT TRUST PLC

Subscription Shares - Notice of suspension and cancellation

The last date on which holders of subscription shares (the 'Subscription Shares') in JPMorgan Indian Investment Trust plc (the 'Company') may exercise their subscription rights is today, 2nd January 2014 (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 will be appointed over the outstanding Subscription Shares. In accordance with the Subscription Share terms, the trustee will 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 16th January 2014.

To the extent not exercised by the trustee, the Subscription Share rights will lapse at close of business on 16th January 2014 and, in accordance with the shareholder resolution proposed at the Annual General Meeting to be held on 30th January 2014, 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 3rd January 2014, following the passing of the Final Exercise Date, and that the listing of the Subscription Shares be cancelled on 17th February 2014.

2nd January 2014

Enquiries:

Jonathan Latter,

JPMorgan Asset Management (UK) Limited  

020 7742 4000 

 

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