LONDON - JPMorgan Global Growth & Income PLC has announced the issuance of 100,000 Ordinary Shares at a price of 587.40 pence per share. The transaction took place today under the company's existing Ordinary Share block listing facility, which was established on May 24, 2024.
Following this latest share issuance, the investment trust's total issued share capital has increased to 505,017,308 Ordinary Shares. This figure is now the reference point for shareholders when calculating their percentage holdings in the company, in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The company has confirmed that it has 10,999,140 Ordinary Shares still available for issuance under the current block listing facility. Furthermore, JPMorgan Global Growth & Income PLC does not hold any Ordinary Shares in Treasury at this time, and it has a policy of re-issuing shares held in Treasury only at a premium to net asset value.
This equity issuance comes as part of JPMorgan Global Growth & Income's strategy to raise capital. The investment trust is known for its focus on global growth equities and aims to provide a diversified portfolio that can deliver income and capital growth to its investors.
The company's decision to issue shares at a price above the net asset value per share indicates a positive reception from the market and a demand for the investment trust's shares. This can be seen as a sign of investor confidence in the company’s management and growth prospects.
Investors and market watchers can use the total issued share capital number as a basis for tracking changes in ownership and assessing market interest. The information on this share issuance is based on a press release statement from JPMorgan Global Growth & Income PLC.
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