JPMorgan Global Emerging Markets Income Trust PLC commences share repurchases on July 3, 2023, under the program mandated by the shareholders in the Annual General Meeting held on November 28, 2022. Under the plan, the company will repurchase up to 44,483,113 shares or if less then shares representing 14.99% of its issued share capital as at the date of passing of the resolution. The minimum price which may be paid for a share shall be 1p.

The maximum price which may be paid for a share shall be an amount equal to the highest of, either 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; or the price of the last independent trade; or the highest current independent bid. The plan will expire on May 27, 2024 unless the authority is renewed at the company?s Annual General Meeting in 2023 or at any other general meeting prior to such time. As of October 26, 2022, the company has 296,751,918 shares in issue.