JPMorgan European Growth and European Opportunities eye August merger
JPMorgan European Growth & Income PLC on Thursday called a shareholder meeting to approval its acquisition of the assets of European Opportunities Trust PLC, saying the resulting increased company scale will reduce average costs and improve the trading liquidity of its shares.
JPMorgan European Growth & Income is a FTSE 250 index constituent with a £631.0 million market capitalisation. European Opportunities Trust is a fellow London Main Market listing with a £427.4 million market value. Both trusts invest in European companies considered to have good growth prospects, with JEGI also focused on providing an attractive dividend yield.
The JPMorgan fund is managed by JPMorgan Funds Ltd, while EOT is managed by Devon Equity Management Ltd.
Late in May, the two companies agreed to merger by means of a voluntary winding up of EOT and the transfer of its cash and investments to JEGI. Shareholders of EOT will receive JEGI shares and also will have a cash exit option.
The proposal already has 47.8% support from EOT shareholders.
A general meeting of JEGI shareholders will be held on July 28 to approve the issue of new shares. A first GM of EOT shareholders will be held on the same day, followed by a second GM on Aug 7.
If approved, the new JEGI shares will start trading on August 10.
JEGI shares down 0.4% to 148.79 pence on Thursday morning in London. EOT was up 0.4% at 920.00p.
Copyright 2026 Alliance News Ltd. All Rights Reserved.