Tender Offer

RNS Number : 7090O

JPMorgan Indian Invest Trust PLC

03 October 2019

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN INDIAN INVESTMENT TRUST PLC

TENDER OFFER TRIGGER

LEI: 549300OHW8R1C2WBYK02

As set out in the Chairman's statement for the financial year ended 30th September 2016, the Board of JPMorgan Indian Investment Trust plc (the 'Company') announced that it would make a tender offer to shareholders for up to 25 per cent. of the issued share capital of the Company at Net Asset Value ('NAV') less costs (the 'Tender Offer') if, over the three years from 1st October 2016 to 30th September 2019 the Company underperformed the MSCI India Index (the 'Benchmark').

As at 30th September 2019, the Company had underperformed the Benchmark over this three year period. As a result, the Board has decided to implement the Tender Offer. Shareholders will be entitled to tender a number of ordinary shares in excess of 25 per cent. of the ordinary shares held by them (the 'Basic Entitlement'). However, the extent to which any such excess will be satisfied will be dependent on the extent to which other shareholders have tendered less than their Basic Entitlement.

A further announcement including full details of the Tender Offer will be made in due course.

3rd October 2019 JPMorgan Funds Limited Company Secretary Name of contact and telephone number for queries:
Jonathan Latter 020 7742 4000

 

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