Bonus Issue Sub Shares, Placi

RNS Number : 0949H

JPMorgan Indian Invest Trust PLC

30 October 2008

 



STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN INDIAN INVESTMENT TRUST PLC

30 October 2008

JPMorgan Indian Investment Trust plc (the 'Company')    

Bonus issue of Subscription Shares and Placing and Offer for Subscription of New Ordinary Shares (with Subscription Shares attached)

In connection with the bonus issue of Subscription Shares and the Placing and Offer for Subscription of New Ordinary Shares (with Subscription Shares attached) detailed in the Prospectus to shareholders dated 30 September 2008 (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 29 October 2008 of 223.8 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 2 January 2009 and 2 January 2010, 227 pence, being a 1 per cent. premium to the Unaudited NAV.

If Subscription Share Rights are exercised on any day between and including 3 January 2010 and 2 January 2012, 247 pence, being a 10 per cent. premium to the Unaudited NAV.

If Subscription Share Rights are exercised on any day between and including 3 January 2012 and 2 January 2014, 291 pence, being a 30 per cent. premium to the Unaudited NAV.

The issue price for the New Ordinary Shares to be issued under the Placing and Offer is 227 pence per New Ordinary Share, being equal to the Unaudited NAV plus a premium of 1 per cent., rounded up to the nearest whole penny (the Issue Price).

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

Enquiries

JPMorgan Cazenove

Angus Gordon Lennox     020 7588 2828

JPMorgan Asset Management (UK) Limited 

Simon Crinage                  020 7742 3445

Richard Plaskett               020 7742 3422

 

END

 

 

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