LONDON - JPMorgan Global Growth & Income PLC has announced the issuance of 75,000 new Ordinary Shares at a price of 588.50 pence per share. The transaction took place today under the company's Ordinary Share block listing facility established on May 24, 2024.
The new share issuance increases the total issued share capital of the investment firm to 504,592,308 Ordinary Shares. This figure is now the baseline for shareholders to determine whether they need to disclose changes in their stake in the company, as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Following this issue, JPMorgan Global Growth & Income PLC has 11,424,140 Ordinary Shares remaining under the current block listing facility. The company confirmed 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 the issue.
This financial maneuver is part of the company's capital management strategy and provides investors with the opportunity to increase their investment in the company. The issuance price of 588.50 pence per share reflects the current market valuation of the company's shares.
The information regarding this share issuance is based on a press release statement and has been officially relayed through RNS, the news service of the London Stock Exchange (LON:LSEG). JPMorgan Global Growth & Income PLC, through its Company Secretary, has made this information publicly available to ensure transparency with its shareholders and the wider market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.