LONDON - JPMorgan Global Growth & Income Plc has issued 750,000 new Ordinary Shares at a price of 595 pence per share, the company announced today. The shares were issued for cash under the company's existing block listing facility established on May 24, 2024.
The transaction has increased the total issued share capital of the investment trust to 509,177,308 Ordinary Shares. This figure is now the denominator for shareholders to determine if they need to notify their interest in the company, or any change to their interest, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Following the share issuance, JPMorgan Global Growth & Income Plc has 6,839,140 Ordinary Shares remaining under its block listing facility. The company also stated that it does not hold any Ordinary Shares in Treasury, and it will only re-issue shares held in Treasury at a premium to net asset value at the time of issue.
This move comes as part of the company's strategy to raise capital, allowing for further investment and growth. The issuance price of 595 pence per share reflects the current market valuation and investor confidence in the company's performance and future prospects.
Investors and market watchers often view share issuances as a sign of a company's health and its management's expectations for future growth. However, the implications for existing shareholders include the potential for dilution of their holdings.
The information disclosed is based on a press release statement and has been provided by RNS, the news service of the London Stock Exchange (LON:LSEG).
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