LONDON – JPMorgan Global Growth & Income PLC has issued 150,000 new Ordinary Shares at a price of 576.00 pence per share, the company announced today. The shares were issued for cash under the company’s existing block listing facility established on May 24, 2024.
Following this transaction, the company’s total issued share capital has reached 510,277,308 Ordinary Shares. This figure is now the reference point for shareholders when calculating their percentage holdings for disclosure purposes, in line with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The company also confirmed that it has 5,739,140 Ordinary Shares available under the May 24 block listing facility. Additionally, there is a separate block listing facility for 25,000,000 shares that was dated today.
JPMorgan Global Growth & Income PLC, which is managed by JPMorgan Funds Limited, does not currently hold any ordinary shares in Treasury. The company stated that it would only re-issue shares held in Treasury at a premium to the net asset value at the time of the issue.
The issuance of shares is a common practice for companies seeking to raise capital. The new capital raised from the issuance could be used for a variety of purposes, including funding new investments, reducing debt, or supporting ongoing operations.
This share issuance event is based on a press release statement and is part of the company’s ongoing efforts to manage its capital structure and provide liquidity to the market. Shareholders and potential investors are advised to consider this latest development in the context of their investment decisions.
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