LONDON - JPMorgan Global Growth & Income PLC has issued 50,000 new Ordinary Shares at a price of 577.00 pence per share, as announced on Thursday. This issuance is part of the company's block listing facility established on May 24, 2024.
The transaction results in an increase in the total issued share capital of the investment trust to 510,127,308 Ordinary Shares. Shareholders can use this figure as the denominator for calculations to determine whether they need to notify changes in their stake in the company, in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
With this new issuance, JPMorgan Global Growth & Income PLC has 5,889,140 Ordinary Shares remaining under the current block listing facility. Additionally, the company has set up another block listing facility for 25,000,000 Ordinary Shares on December 19, 2024.
The company confirmed that it does not hold any Ordinary Shares in Treasury and has a policy to re-issue shares held in Treasury only at a premium to the net asset value at the time of issue.
This move comes as part of the company's strategy to manage its capital structure and provide liquidity to the market. By issuing new shares, the company potentially attracts new investors and provides existing shareholders with opportunities to adjust their investment.
The information regarding this equity issue is based on a press release statement and has been officially provided by RNS, the news service of the London Stock Exchange (LON:LSEG).
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