30th Jan 2019 17:29
LONDON (Alliance News) - JPMorgan Indian Investment Trust PLC shareholders on Wednesday have voted to continue the trust for another five years.
At Wednesday's annual general meeting, shareholders also voted to allow the trust to allot new shares, representing about 10% of the trust's total issued share capital - with the aggregate value of GBP2.6 million.
JPMorgan Indian Investment Trust shareholders also passed the resolution allowing the trust to buy back about 15% of the company's issued share capital, about 15.7 million, via market purchases.
Shares in JPMorgan Indian Investment Trust ended Wednesday up 0.5% at 655.00 pence each.
In December, the trust reported its NAV per share at the end of September stood at 736.5p.
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JPMorgan Indian