JPMorgan American Investment Trust PLC Issues Shares from Treasury
Why we think this is neutral
The RNS announcement indicates that JPMorgan American Investment Trust PLC has issued 50,000 Ordinary Shares from Treasury at a premium to the current share price. This is a positive signal, as it suggests the company's shares are valued at a level that allows for a premium placement. However, the lack of information about the purpose and use of the funds raised makes it difficult to assess the long-term impact on the company's performance and valuation. Without more details, the overall impact is considered neutral.
Key Points
- Issue of 50,000 Ordinary Shares from Treasury
- Shares issued at a premium to the current share price of 1,163.10 pence
- Purpose and use of funds raised not provided
Summary
JPMorgan American Investment Trust PLC has announced the issue of 50,000 Ordinary Shares from Treasury at 1,163.10 pence per share. This will increase the company's issued share capital to 180,240,000 Ordinary Shares, with 101,393,910 shares held in Treasury. The company states that it will only re-issue shares held in Treasury at a premium to net asset value.