LONDON - JPMorgan Global Growth & Income Plc has issued 100,000 new Ordinary Shares at a price of 581.70 pence per share, the company disclosed Thursday. This issuance was made under the company's Ordinary Share block listing facility established on May 24, 2024.
The transaction has increased the firm's total issued share capital to 511,327,308 Ordinary Shares. Shareholders can use this number as the denominator for the calculations required to determine if they need to disclose changes in their stake in the company, as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Following the share issuance, JPMorgan Global Growth & Income Plc retains 4,689,140 Ordinary Shares available for issue within the current block listing facility, and an additional 25,000,000 Ordinary Shares under a separate block listing dated December 19, 2024. The company does not hold any Ordinary Shares in Treasury and has stated that it will only re-issue shares held in Treasury at a premium to net asset value at the time of issue.
This move comes as part of the company's efforts to raise capital through equity issuance, a common practice among publicly traded companies seeking to finance operations or growth without incurring debt.
The details provided in this report are based on a press release statement issued by JPMorgan Global Growth & Income Plc and disseminated by RNS, the news service of the London Stock Exchange (LON:LSEG). The Financial Conduct Authority has approved RNS to act as a Primary Information Provider in the United Kingdom (TADAWUL:4280).
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