JPMorgan Japan Smaller Co Tst PLC Conversion of Subscription Shares (8652Q)
December 02 2016 - 9:25AM
UK Regulatory
TIDMJPS TIDMJPSS
RNS Number : 8652Q
JPMorgan Japan Smaller Co Tst PLC
02 December 2016
JPMorgan Japan Smaller
Companies Trust PLC
(the "Company")
Final Exercise of Subscription Shares
2 December 2016
The Company announces that it is issuing and allotting 5,339,602
ordinary shares of 10p each in the capital of the Company
("Ordinary Shares"), subject to listing. Such issuance is being
made following the exercise of 5,339,602 subscription shares, each
of which confers the right to subscribe for one Ordinary Share at a
price of 243.0p (the "Exercise Price") per share ("Subscription
Shares") in the period to 30 November 2016 (the "Final Exercise
Date").
In addition, the Company has been informed by the Final
Subscription Trustee, appointed pursuant to paragraph 8(h) of Part
IV of the prospectus published by the Company in connection with
the bonus issue of Subscription Shares dated 14 November 2014 (the
"Prospectus"), that it is exercising the 1,689,531 outstanding
Subscription Shares on the same terms.
Subscription Shareholders on whose behalf the Trustee has
exercised the outstanding Subscription Rights and is selling the
resulting Ordinary Shares will receive the net proceeds of such
sale after deduction of the Exercise Price of 243.0p together with
all associated fees, costs and expenses. Net proceeds should be
received by no later than 31 December 2016 provided that aggregate
entitlements per holder of under GBP5.00 shall be retained for the
benefit of the Company.
Application has therefore been made for the 7,029,133 new
Ordinary Shares arising on the exercise of the Subscription Shares
to be admitted to the premium segment of the Official List of the
UK Listing Authority and to trading on the Main Market of the
London Stock Exchange. It is expected that dealings in the new
Ordinary Shares will commence at 8.00 a.m. on 7 December 2016.
Total Voting Rights
Following the issue of the new Ordinary Shares noted above, the
Company's issued share capital will be 55,944,560 Ordinary Shares
of 10p each, including 524,500 held in Treasury. The total number
of voting rights in the Company will therefore be 55,420,060.
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 Disclosure Guidelines and Transparency
Rules.
Capitalised terms shall have the meanings set out in the
Prospectus unless otherwise defined.
Contact for queries:
Rhys Williams
JPMorgan Funds Limited
Telephone: 020 7742 4000
This information is provided by RNS
The company news service from the London Stock Exchange
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December 02, 2016 10:25 ET (15:25 GMT)