JPGI Jpmorgan Global Growth & Income Plc

TIDMJGGI

RNS Number : 6512S

JPMorgan Global Growth & Income PLC

13 March 2023

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   456.19 pence 
  Share 
 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   8:00 a.m. 17 March 
  and dealings commence                            2023 
                                                 ------------------- 
 Crediting of CREST accounts with new Ordinary    17 March 2023 
  Shares 
                                                 ------------------- 
 Share Certificates in respect of new Ordinary    w/c 27 March 2023 
  Shares despatched 
                                                 ------------------- 
 

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 
 

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END

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March 13, 2023 03:00 ET (07:00 GMT)

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