LONDON - JPMorgan Global Growth & Income Plc has issued 100,000 new Ordinary Shares at a price of 588.10 pence per share, the company announced today. This issuance is part of the company's existing block listing facility that was established on May 24, 2024.
The transaction has increased the total issued share capital of the investment trust to 504,692,308 shares. This figure is now the base for shareholders to determine their percentage holdings and whether they need to disclose changes in their stake as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
With this latest share issuance, JPMorgan Global Growth & Income Plc has 11,324,140 Ordinary Shares remaining under the current block listing facility. The company also confirmed that it does not hold any shares in Treasury and that it would only re-issue shares held in Treasury at a premium to the net asset value at the time of the issue.
This move by JPMorgan Global Growth & Income Plc allows for additional capital to be raised for the company, potentially providing it with more resources to invest according to its strategic objectives. It also offers investors an opportunity to increase their investment in the company.
The announcement was made through RNS, a regulatory news service of the London Stock Exchange (LON:LSEG), and is approved by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280). This statement is based on a press release issued by the company.
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