Last checked at 13 Mar 2023 07:00
Legal Entity Identifier: 5493007C3I0O5PJKR078
13 March 2023
JPMorgan Global Growth & Income plc
(the "Company" or "JGGI")
C Share Conversion Ratio
Further to the announcement on 1 March 2023, JPMorgan Global Growth & Income plc (the "Company") is pleased to announce the Conversion Ratio on the basis of the respective Net Asset Values of the Ordinary Shares and the C Shares as at the Conversion Calculation Date, being 2 March 2023.
Net Asset Value per Ordinary Share | 456.19 pence |
Net Asset Value per C Share | 1,011.85 pence |
Conversion Ratio | 2.2180 Ordinary Shares for each C Share |
Accordingly, the total number of new Ordinary Shares arising on Conversion will be 58,605,746 Ordinary Shares (the "New Ordinary Shares"). The holders of C Shares will not be entitled to fractions of New Ordinary Shares arising on Conversion. Instead, the number of New Ordinary Shares to be issued to each holder will be rounded down to the nearest whole number of Ordinary Shares and fractional entitlements will be aggregated and sold with the proceeds retained for the benefit of the Company. The New Ordinary Shares will rank pari passu with the existing Ordinary Shares, including the right to receive all future dividends or distributions declared in respect of the Ordinary Shares.
Application has been made for the New Ordinary Shares to be admitted to the Official List and to trading on the Main Market of the London Stock Exchange ("Admission"). It is expected that admission will become effective and that dealings in the New Ordinary Shares will commence on 17 March 2023.
The C Shares will be permanently removed from trading on the London Stock Exchange at 7:30 a.m. on 17 March 2023.
Effective from 17 March 2023, the total number of ordinary shares in issue will be 382,058,169 and the total number of voting rights in the Company will be 382,058,169. This 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 Rules and Transparency Rules. No shares are held in Treasury.
Expected Timetable
Event | Date |
Conversion record date | 15 March 2023 |
Cancellation of C-Shares | 7:30 a.m. 17 March 2023 |
Admission of new Ordinary Shares on Conversion and dealings commence | 8:00 a.m. 17 March 2023 |
Crediting of CREST accounts with new Ordinary Shares | 17 March 2023 |
Share Certificates in respect of new Ordinary Shares despatched | w/c 27 March 2023 |
Capitalised terms used but not defined in this announcement will have the same meaning as set out in the Circular issued by the Company on 21 November 2022.
For further information please contact:
JPMorgan Funds Limited Simon Crinage Simon Elliott
| 020 7742 4000 |
JPMorgan Funds Limited (Company Secretary) Divya Amin
| 020 7742 4000 |
Winterflood Securities Limited Neil Langford
| 020 3100 0000 |