Bonus Issue of Subscription Shares

RNS Number : 7399F

JPMorgan Smaller Cos IT PLC

24 February 2015

 



JPMORGAN SMALLER COMPANIES INVESTMENT TRUST PLC (the "Company")

24 February 2015

Bonus Issue of SubscriptionShares

Bonus Issue

Further to the Company's announcement on 23 February 2015, the Company has today allotted 3,567,532 Subscription Shares pursuant to the Bonus Issue.  Subscription Shares are being issued to Ordinary Shareholders on the register at the close of business on 23 February 2015.

Applications have been made for the Subscription Shares to be admitted to the standard segment of the Official List and to trading on the main market of the London Stock Exchange.  It is expected that dealings in the Subscription Shares will commence at 8.00 a.m. on 25 February 2015.  CREST stock accounts will be credited with Subscription Shares on 25 February 2015 and it is anticipated that certificates in respect of the Subscription Shares will be sent out in the week commencing 2 March 2015.

Subscription Price

In accordance with the terms of the Subscription Shares set out in the prospectus published by the Company dated 23 January 2015, the Subscription Price is set at 915 pence, being the average of the Company's unaudited published Net Asset Value per Ordinary Share at the close of business on the five dealing days ending on 23 February 2015, rounded up to the nearest whole pence.

Each Subscription Share will confer the right (but not the obligation) to subscribe for one Ordinary Share on exercise of the rights under the Subscription Shares and on payment of the Subscription Price.  Notice of exercise may be given on the last Business Day of each month commencing in March 2015 and finishing on the last Business Day in June 2017, after which the Subscription Share Rights will lapse.

Dealing codes

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

ISIN        -              GB00BV7L8Z35

SEDOL   -              BV7L8Z3

Ticker    -              JMIS

Total voting rights

In conformity with the Transparency Directive, the Company would note that following admission of the Subscription Shares the Company's issued share capital will consist of 17,783,996 Ordinary Shares and 3,567,532 Subscription Shares (which have no voting rights). The Company does not hold any Ordinary Shares in treasury. Therefore, following admission of the Subscription Shares, the total number of voting rights in the Company will be 17,783,996.

The above figure 17,783,996 may be used by 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.

Capitalised terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the prospectus dated 23 January 2015.

Enquiries:

JPMorgan Funds Limited

Divya Amin (020 7742 4000)

Winterflood Investment Trusts

Neil Morgan (0203 100 0000)

 

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