Transaction in Own Shares

RNS Number : 6888M

JPMorgan Japanese Inv. Trust PLC

12 May 2020

 

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN JAPANESE INVESTMENT TRUST PLC

(the 'Company')

REPURCHASE OF ORDINARY SHARES INTO TREASURY

Legal Entity Identifier: 549300JZW3TSSO464R15

The Board notes the strong relative NAV performance of the Company relative to its benchmark and its peers. Over the 12 months ending 11th May 2020, the Company's NAV total return is 14.6%, compared to 5.3% for the benchmark. The Board does not believe that the current discount is reflective of this performance. Accordingly, the Company has today bought back 75,000 Ordinary Shares at a price of 460.892 pence per share. These shares will be held in Treasury.  

Following the transaction the Company holds 75,000 shares in Treasury. The shares in issue less the total number of Treasury shares is 161,173,078. The Company will only re-issue shares held in Treasury at a premium to net asset value.

12th May 2020

For further information, please contact:

Faith Pengelly

JPMorgan Funds Limited

020 7742 4000

 

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