Sub-division of shares

RNS Number : 8186I

JPMorgan Smaller Cos IT PLC

28 November 2018

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN SMALLER COMPANIES INVESTMENT TRUST PLC

SUB-DIVISION OF SHARES

28TH NOVEMBER 2018

At the Company's Annual General Meeting, which was held today, shareholders approved the sub-division of the Company's ordinary shares of 25p each (each an "Existing Ordinary Share") into 5 ordinary shares of 5p each (each a "New Ordinary Share"). 

The last day of trading in the Existing Ordinary Shares will be tomorrow, 29 November 2018, following which the sub-division will take effect and it is expected that the New Ordinary Shares will be admitted to trading on the main market of the London Stock Exchange at 8.00 a.m. on 30 November 2018. 

CREST accounts will be credited with New Ordinary Shares on 30 November 2018 and share certificates in respect of the New Ordinary Shares are expected to be posted to shareholders in the week commencing 10 December 2018. 

The New Ordinary Shares will have a new ISIN and SEDOL, as follows:

·    ISIN: GB00BF7L8P11

·    SEDOL: BF7L8P1

The ticker for the New Ordinary Shares will be the same as the ticker for the Existing Ordinary Shares (JMI).

The New Ordinary Shares will rank pari passu with each other and will be subject to the same rights and restrictions as the Existing Ordinary Shares. A holding of New Ordinary Shares following the sub-division will represent the same proportion of the issued ordinary share capital of the Company as the corresponding holding of Existing Ordinary Shares.

On the basis that there are currently 15,922,282 Existing Ordinary Shares in issue, following completion of the sub-division, there will be 79,611,410 New Ordinary Shares in issue. Therefore, immediately following the sub-division of the Company's shares on 30 November 2018, the total number of voting rights in the Company will be 79,611,410.

The above figure 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.

28th November 2018

For further information, please contact:

Lucy Dina

For and on behalf of

JPMorgan Funds Limited - Secretary

020 7742 4000 

 

END

 

 

MSCFKFDPABDDBDB