LONDON - JPMorgan Global Growth & Income PLC has announced the issuance of 100,000 new Ordinary Shares at a price of 590.20 pence per share. The transaction took place today under the company's existing Ordinary Share block listing facility, which dates back to May 24, 2024.
Following this latest share issuance, the total number of issued shares for the investment company now stands at 503,192,308. Shareholders can use this figure as the denominator for the purposes of notifications required by the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
After the issuance, JPMorgan Global Growth & Income PLC reports that it has 12,824,140 Ordinary Shares remaining in its block listing facility. The company also confirmed that it does not hold any Ordinary Shares in Treasury at present. Moreover, it commits to re-issuing shares held in Treasury only at a premium to the net asset value at the time of issue.
This move provides the company with additional capital and may be of interest to investors and shareholders monitoring their stake in the company. As per the company's statement, this information is based on a press release statement and is provided by RNS, the news service of the London Stock Exchange (LON:LSEG).
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