Subscription shares calculator - J.P. Morgan Asset Management
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Subscription shares calculator

Subscription shares carry more risks than ordinary shares. This table is a guide to how much it is possible to lose or make when converting subscription shares to ordinary shares. The calculation is based on the Ordinary share price as at close of business on 15 May 2017. Therefore, the amounts shown are a guide only. Due to market movement of the current ordinary share price investors will not necessarily get the amounts shown here.

Those looking to buy subscription shares in the secondary market may also find this useful but must factor in transactional costs (government stamp duty, PTM Levy, bid offer spread and broker commissions) in determining their attractiveness. Please note that due to their characteristics, subscription shares are not available for purchase through the J.P. Morgan Investment Account.

Trust Name JPMorgan Smaller Companies Investment Trust plc
Ordinary share price
941.75p
Ordinary share ticker
JMI
Subscription share ticker
JMIS
Conversion period
31 March 2015 to 30 June 2017*
Subscription share exercise price
915.00p
 In(+)/out(-) money
+26.75p
Conversion dates
Sub Shares life expires 30 June 2017.

Note: prices are in GBP (pence).

*In accordance with the Subscription Share Rights, a notice of exercise must be received by the Registrar no later than 10 business days before the relevant conversion date and no earlier than 30 business days before the relevant conversion date.

Further details can be found at:

J.P. Morgan Smaller Companies Investment Trust