JPMorgan American Investment Trust plc commences an Equity Buyback Plan for 28,818,115 shares, representing 14.99% of its issued share capital, under the authorization approved on May 18 , 2022.

JPMorgan American Investment Trust plc (LSE:JAM) commences share repurchases on June 21, 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 18, 2022. As per the mandate, the company is authorized to repurchase up to 28,818,115 shares, representing 14.99% of its share. The minimum price which may be paid for a share shall be 25p and the maximum price which may be paid for a share shall be an amount equal to the highest of 105% of the average of the middle market quotations for a share taken from and calculated by reference to the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the share is contracted to be purchased.

The authority shall expire on October 6, 2023 unless it is renewed at the company's Annual General Meeting in 2023 or at any other General Meeting. As of March 31, 2022, the company had issued share capital of 281,633,910 shares, including of 89,384,976 Treasury shares.