JPMorgan Elect Managed Growth

Conversion of Securities
RNS Number : 6485J
JPMorgan Elect PLC
24 August 2021


(the 'Company')


Conversion and Repurchase of Shares


The Company announces that valid Conversion Notices have been received in respect of 16,655 Managed Growth Shares, 42,287 Managed Income Shares and 7,224 Managed Cash Shares.                                                           

Repurchase of Shares

40,661 Managed Cash Shares will be repurchased at a price of 102.71 pence per share based on a capital net asset value per Managed Cash Share of 103.23 pence as at close of business on 18th August 2021.                                  

It is expected that cheques, in respect of the Managed Cash Shares being repurchased, will be despatched on 8th September 2021.

Conversion of Shares

At 8.00 a.m. on 31st August 2021, the following conversions will take place:


Stock to Convert:

Conversion Ratio:


Total Number of Shares Following the Conversion and Repurchase


7,224 Managed Cash Shares to Managed Growth Shares




16,376 Managed Income Shares to Managed Growth Shares


Managed Growth Shares

Managed Growth Shares

6,903 Managed Growth Shares to Managed Income Shares




0 Managed Cash Shares to Managed Income Shares


Managed Income Shares

Managed Income Shares

25,911 Managed Income Shares to Managed Cash Shares




9,752 Managed Growth Shares to Managed Cash Shares


Managed Cash Shares

Managed Cash Shares

The conversion calculations were based on the relative net asset values of the three share classes (net of accrued management expenses and applicable costs of conversion) as at close of business on
18th August 2021. Individual Shareholders' entitlements on conversion will be rounded down to the nearest whole number of shares. The resulting shares rank pari passu with the existing shares of the relevant share class.

Admission of Shares

The Company has applied for the resulting shares to be admitted to the Official List and to trading on the London Stock Exchange. Dealings in such shares are expected to commence at 8.00 a.m.
on 31st August 2021.  It is expected that Certificates in respect of the resulting shares will be posted by 8th September 2021.

Terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the Company's articles of association.


24th August 2021


Priyanka Vijay Anand                                                                020 7742 4000

For and on behalf of

JPMorgan Funds Limited

Company Secretary

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.