22nd May 2015 16:51
LONDON (Alliance News) - JPMorgan Elect PLC Friday said it has received conversion notices in respect of 20,426 managed growth shares, 67,907 managed income shares and 1,023 managed cash shares.
It said on June 1 the converting shares will be converted into 161 managed growth shares, 95,849 managed income shares and 95,887 managed cash shares.
JPMorgan Elect added that share repurchase notices have also been received in respect of 45,550 managed cash shares in connection with the June 1 repurchase date, at a price of 100.83 pence per share.
Shares in JPMorgan Elect closed down 0.8% at 610.00p on Friday.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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