JPMorgan Emerging Markets Growth & Income plc (JMGI) has announced the repurchase of 36,536 Ordinary shares into Treasury at a price of 146.4533 pence per share, according to a London Stock Exchange announcement dated 5 November 2026. Following the transaction, the company now holds 391,652,257 shares in Treasury, with shares in issue less Treasury shares standing at 931,982,993. The buyback forms part of the investment trust's ongoing capital management activity, and the company has confirmed it will only re-issue Treasury shares at a premium to net asset value, a policy that provides a degree of protection for existing shareholders.

Key Points

  • JPMorgan Emerging Markets Growth & Income plc (JMGI)
  • The company repurchased 36,536 Ordinary shares into Treasury at 146.4533 pence per share on 5 November 2026
  • Treasury shares now total 391,652,257; shares in issue less Treasury shares stand at 931,982,993
  • Investors may watch for further buyback activity and any re-issuance of Treasury shares relative to net asset value

JMGI Repurchases 36,536 Ordinary Shares at 146.4533p on 5 November 2026

JPMorgan Emerging Markets Growth & Income plc completed the repurchase of 36,536 Ordinary shares into Treasury at a price of 146.4533 pence per share on 5 November 2026. The announcement was made via the London Stock Exchange and attributed to JPMorgan Funds Limited, the company's manager. The transaction reduces the number of shares freely in circulation, a move that investment trusts typically use to manage discounts to net asset value. The company did not disclose the aggregate cost of the buyback in the announcement beyond the per-share price and volume figures provided.

Treasury Share Position and Remaining Shares in Circulation After the Transaction

Following the repurchase, JMGI's total Treasury holding stands at 391,652,257 Ordinary shares, a substantial position relative to the overall share capital. The number of shares in issue less the total Treasury shares is confirmed at 931,982,993 as of the transaction date. This figure is significant for investors because it represents the effective float used for calculating voting rights, net asset value per share, and other per-share metrics. The scale of the Treasury position suggests the company has been an active buyer of its own shares over time as part of its discount management policy.

JMGI's Policy of Re-Issuing Treasury Shares Only at a Premium to Net Asset Value

The announcement reaffirms that JPMorgan Emerging Markets Growth & Income will only re-issue shares held in Treasury at a premium to net asset value. This policy is a standard feature of well-governed investment trusts and is designed to prevent dilution of existing shareholders when shares are returned to the market. It means any future re-issuance would occur at a price above the underlying portfolio value, which the board considers supportive of long-term shareholder interests. Investors may watch net asset value disclosures closely in relation to this commitment.