JPMorgan European Discovery Trust Share Buyback Policy (9172V)
06 Dezembro 2023 - 11:12AM
UK Regulatory
TIDMJEDT
RNS Number : 9172V
JPMorgan European Discovery Trust
06 December 2023
LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMORGAN EUROPEAN DISCOVERY TRUST PLC
(the 'Company')
Share Buyback Policy
Legal Entity Identifier: 54930049CEWDI46Y3U28
JPMorgan European Discovery Trust plc announces an update on its
existing share buyback policy.
Share buy-backs will continue to be made pursuant to the
authority granted to the Company at its Annual General Meeting held
on 19th July 2023 (the 'AGM') which limits purchases of Ordinary
Shares to 14.99% of the Company's issued capital.
Since the AGM, the Company has purchased 2,940,953 Ordinary
Shares.
The Company has remaining authority to repurchase a maximum of
20,664,539 Ordinary Shares before the next AGM of the Company (or
such other general meeting of shareholders at which authority to
buy back shares is obtained). Share buy-backs will be undertaken
pursuant to the Company's discount management programme.
Cavendish Securities plc (formerly Cenkos Securities plc) has
been appointed by the Board to execute the repurchases of the
Ordinary Shares, which will be in accordance with Chapter 12 of the
Listing Rules and the Company's general authority to repurchase
shares.
The buy-back of Ordinary Shares on any trading day may represent
a significant proportion of the daily trading volume in the Shares
on the Exchange (and could exceed the 25% limit of the average
daily trading volume of the preceding 20 business days as referred
to in the Commission Delegated Regulation (EU) No. 2016/1052 on
buy-back programmes (as it forms part of UK law by virtue of the
European Union (Withdrawal) Act 2018)).
6 December 2023
For further information, please contact:
Priyanka Vijay Anand
JPMorgan Funds Limited
0800 20 40 20 (or +44 1268 44 44 70)
Will Talkington (Corporate Finance)
Andrew Worne (Corporate Broking)
Daniel Balabanoff (Sales)
Cavendish Securities plc
+44 20 7397 8900
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