Bonus Issue of Subscription S

RNS Number : 2392O

JPMorgan Fleming Japanese Smllr Cos

03 March 2009

 



STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN FLEMING JAPANESE SMALLER COMPANIES INVESTMENT TRUST PLC

3 March 2009

JPMorgan Fleming Japanese Smaller Companies Investment Trust plc (the 'Company')

Bonus Issue of Subscription Shares 

In connection with the bonus issue of Subscription Shares detailed in the Prospectus to shareholders dated 6 February 2009 (the 'Prospectus'), the Conversion Price, as defined in the Prospectus and equal to the unaudited NAV per Ordinary Share as at 5.00 p.m. on 27 February 2009 of 133.53 pence per share (the 'Unaudited NAV') plus a percentage premium to such amount, rounded up to the nearest whole penny, has now been determined and is as follows:

If Subscription Share Rights are exercised on any day between and including 1 April 2009 and 31 March 2010, 135 pence, being a 1 per cent. premium to the Unaudited NAV.

If Subscription Share Rights are exercised on any day between and including 1 April 2010 and 31 March 2012, 147 pence, being a 10 per cent. premium to the Unaudited NAV.

If Subscription Share Rights are exercised on any day between and including 1 April 2012 and 31 March 2014, 174 pence, being a 30 per cent. premium to the Unaudited NAV.

Defined terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the Prospectus.

Enquiries

For further information, please contact:

David Yovichic 020 7523 8361

Collins Stewart Europe Limited

Craig Cleland 020 7742 3418

Richard Plaskett 020 7742 3422

J.P. Morgan Asset Management (UK) Limited

 

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