TIDMJPE TIDMJPEC TIDMJPEI

RNS Number : 6445T

JPMorgan Elect PLC

25 November 2021

JPMORGAN ELECT PLC

(the 'Company')

Conversion and Repurchase of Shares

The Company announces that valid Conversion Notices have been received in respect of 98,735 Managed Growth Shares, 354,890 Managed Income Shares and 30,186 Managed Cash Shares.

Repurchase of Shares

86,283 Managed Cash Shares will be repurchased at a price of 102.65 pence per share based on a capital net asset value per Managed Cash Share of 103.17 pence as at close of business on 18th November 2021.

It is expected that cheques, in respect of the Managed Cash Shares being repurchased, will be despatched on 10th December 2021.

Conversion of Shares

At 8.00 a.m. on 30th November 2021, the following conversions will take place:

 
     Stock to Convert:        Conversion     Converted       Total Number of Shares 
                                Ratio:                       Following the Conversion 
                                                                  and Repurchase 
                                               Into: 
                             -----------  ---------------  -------------------------- 
 8,186 Managed Cash 
  Shares to Managed Growth 
  Shares                       0.09037         32,908              27,519,253 
                             ----------- 
 336,890 Managed Income        0.095484    Managed Growth     Managed Growth Shares 
  Shares to Managed Growth                     Shares 
  Shares 
                             -----------  ---------------  -------------------------- 
 96,735 Managed Growth 
  Shares to Managed Income 
  Shares                      10.407669      1,027,543             74,890,083 
                             ----------- 
 22,000 Managed Cash           0.943491    Managed Income     Managed Income Shares 
  Shares to Managed Income                     Shares 
  Shares 
                             -----------  ---------------  -------------------------- 
 18,000 Managed Income 
  Shares to Managed Cash 
  Shares                       1.05331         40,954               7,562,343 
                             ----------- 
 2,000 Managed Growth         10.996995     Managed Cash       Managed Cash Shares 
  Shares to Managed Cash                       Shares 
  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 November 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 30th November 2021. It is expected that Certificates in respect of the resulting shares will be posted by 10th December 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.

25th November 2021

   Priyanka Vijay Anand                                                                020 7742 4000

For and on behalf of

JPMorgan Funds Limited

Company Secretary

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END

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November 25, 2021 10:50 ET (15:50 GMT)

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