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 75,000 Ordinary Shares from Treasury at a premium to the current share price. This suggests some demand for the company's shares, which is a positive sign. However, the relatively small size of the issuance and the lack of context around the rationale mean the long-term implications are unclear. Overall, the news is neutral, as it does not significantly impact the company's performance or valuation.
Key Points
- JPMorgan American Investment Trust PLC has issued 75,000 Ordinary Shares from Treasury
- The shares were issued at a price of 1,163.10 pence per share, which is a premium to the current share price of 1,163.47 pence
- The company will only re-issue shares held in Treasury at a premium to net asset value
Summary
JPMorgan American Investment Trust PLC has announced the issuance of 75,000 Ordinary Shares from Treasury at a price of 1,163.10 pence per share. This increases the company's issued share capital to 180,315,000 Ordinary Shares, with 101,318,910 shares held in Treasury. The company states it will only re-issue shares held in Treasury at a premium to net asset value.