JPMorgan Emerging Markets Investment Trust PLC

Regulatory Filings • Jun 5, 2025

National Storage Mechanism | Additional information

RNS Number : 5059L

JPMorgan Emerging Mkts Invest Trust

05 June 2025

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN EMERGING MARKETS INVESTMENT TRUST PLC

(the 'Company')

Discount Management Update for Shareholders

Legal Entity Identifier: 5493001VPQDYH1SSSR77

The Board of JPMorgan Emerging Markets Investment Trust plc (the "Company") would like to update shareholders regarding its approach to discount management and share buybacks.

The Board is disappointed that the Company has continued to trade at a significant discount to its net asset value ('NAV'), as set out below, despite consistent buying back of shares by the Company. The Board is intent on reducing the discount and has therefore recently authorised a substantial increase in the use of share buybacks.

The Board's policy, as set out in the Annual Report & Accounts, is to utilise regular and consistent share buybacks as a key component of the Company's proactive discount management strategy.  The Board regularly reviews the merits of buying back shares to manage the absolute level and volatility of the share price discount to NAV. 

The Company's buybacks and average share price discount to NAV for the first three quarters of the current financial year are summarised in the following table:

Quarter ended	Number of shares bought back over quarter	Number of shares bought back annualised as a % of Company's total voting rights at beginning of quarter	Average daily closing share price discount to NAV over quarter*
30 September 2024	11,075,000	4.0%	11.1%
31 December 2024	27,112,509	9.9%	13.5%
31 March 2025	28,213,117	10.5%	12.7%

*Source: Bloomberg

In addition to the active share buyback programme, shareholders will be aware that the Board employs several additional mechanisms to address the Company's ongoing share price discount to NAV:

·    a three-year continuation vote; the next being at the Annual General Meeting in 2026;

·    a five-year conditional tender offer based on performance to 30 June 2029; and

·    consistent annual investment in marketing to stimulate demand.

The Board looks forward to updating shareholders on this programme as well as the overall strategy and progress of the Company, when the 2025 Annual Report & Accounts is published in late September.

5th June 2025

For further information, please contact:

JPMorgan Funds Limited (Company Secretary)

Divya Amin

0800 20 40 20 (or +44 1268 44 44 70)

Stifel Nicolaus Europe Limited

Edward Gibson-Watt

+44 (0)20 7710 7600

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