LONDON - JPMorgan Global Growth & Income PLC has issued 50,000 Ordinary Shares at a price of 595.00 pence per share today, as part of its capital raising strategy under an existing block listing facility. Following this transaction, the investment trust's total issued share capital has increased to 512,477,308 shares.
The shares were issued for cash under the company's Ordinary Share block listing facility that was established on May 24, 2024. This latest issuance leaves JPMorgan Global Growth & Income with 3,539,140 Ordinary Shares available for future issuance under the same facility. Additionally, the company has another block listing facility that could allow for the issuance of up to 25,000,000 Ordinary Shares, which was dated December 19, 2024.
Shareholders can use the updated total issued share capital figure of 512,477,308 as a reference point for the calculation of their percentage holding in the company. This calculation is necessary to comply with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, which mandate the disclosure of significant changes in share ownership.
The company has confirmed that it does not hold any Ordinary Shares in Treasury at present. It also stated that any shares held in Treasury would be re-issued only at a premium to the net asset value at the time of re-issue.
This move is part of JPMorgan Global Growth & Income's ongoing efforts to manage its capital structure and provide liquidity to the market. The information regarding the share issuance is based on a press release statement and was officially announced via the London Stock Exchange (LON:LSEG)'s news service today.
Investors and market watchers may view this development as an indication of the company's use of its block listing facility to efficiently manage share capital and potentially meet investor demand.
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