JPMC will cancel 992,448 treasury shares. Following the cancellation, they will represent 5.60% of total shares issued, and the cancellation date is 30 December 2026. This is subject to approval at an extraordinary general meeting of shareholders of a share consolidation to take effect on 4 January 2027.
JPMC announced on the 27th that it would cancel some of the shares it holds as treasury shares. The shares concerned total 992,448, and the cancellation will cover all treasury shares held by the company.
The cancellation represents 5.60% of total shares issued before the cancellation and may be intended to make a partial adjustment to enterprise value.
As a subsequent procedural condition, the share consolidation must be approved at an extraordinary general meeting of shareholders, and the cancellation is scheduled for 30 December 2026. The effective date of the share consolidation is expected to be 4 January 2027.