Bonus Issue of Subscription Shares

RNS Number : 8108Z

JPMorgan Japan Smaller Co Tst PLC

15 December 2014

 



STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN JAPAN SMALLER COMPANIES TRUST PLC

15^th December 2014

JPMorgan Japan Smaller Companies Trust plc (the 'Company')

Bonus Issue of Subscription Shares - Subscription Price, Allotment of Subscription Shares and Total Voting Rights

In connection with the Bonus Issue of Subscription Shares detailed in the prospectus published by the Company and dated 14th November 2014 (the 'Prospectus'), the Subscription Price is calculated as the unaudited published cum income NAV per Ordinary Share with debt valued at par as at 5.00 p.m. on 12th December 2014 of 237.45 pence per share plus a premium of 2% to such amount, rounded up to the nearest whole penny. Accordingly, the Subscription Price payable on the exercise of each Subscription Share has been calculated as 243.00 pence per Subscription Share.

Allotment of Subscription Shares

The Board has today allotted 9,255,764 Subscription Shares pursuant to the terms of the Bonus Issue.

Application has been made for admission of the Subscription Shares to the standard segment of the Official List and to trading on the main market of the London Stock Exchange. Dealings in the Subscription Shares are expected to commence at 8.00 a.m. on 16th December 2014.

Total Voting Rights

Following admission of the Subscription Shares there will be 46,688,796 Ordinary Shares (which carry one vote each per Ordinary Share), and 9,255,764 Subscription Shares (which have no voting rights) in issue. The Company holds 409,500 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company following admission of the Subscription Shares will be 46,279,296.

The above figure of 46,279,296 may be used by Ordinary Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Expected Timetable

Record Date for the Bonus Issue	5.00p.m. on 12th December 2014
Admission of the Subscription Shares to the Standard segment of the Official List and Dealings of the Subscription Shares to commence	16th December 2014
Crediting of CREST stock accounts in respect  of the Subscription Shares	16th December 2014
Share certificates despatched in respect of the Subscription Shares	week commencing 22nd December 2014
First date on which Subscription Share Rights can be exercised	30th January 2015
Final date on which Subscription Share Rights can be exercised	30th November 2016

Dealing Codes

The dealing codes for the Subscription Shares will be as follows:

ISIN                 GB00BSFWJ549

SEDOL           BSFWJ54

Ticker              JPSS

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

Canaccord Genuity Limited

020 7523 8361

Rebecca Burtonwood

For and on behalf of JPMorgan Funds Limited

Company Secretary

020 7742 4000

 

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