LONDON - JPMorgan Global Growth & Income Plc has issued 250,000 ordinary shares at a price of 591.60 pence per share, the company announced today. The shares were issued for cash under the company's ordinary share block listing facility that was established on May 24, 2024.
Following this issuance, JPMorgan Global Growth & Income Plc's total issued share capital has increased to 507,602,308 ordinary shares. This updated share count serves as the reference for shareholders to determine if they must notify changes in their stake in the company, in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The company has confirmed that it has 8,414,140 ordinary shares remaining under its current block listing facility. In line with its policy, JPMorgan Global Growth & Income Plc does not hold any ordinary shares in Treasury and commits to re-issuing shares held in Treasury only at a premium to the net asset value at the time of issue.
This equity issuance is part of the company's strategy to raise capital, which may be used for various corporate activities, including investment opportunities and general corporate purposes. Shareholders and potential investors are often interested in such transactions as they can dilute existing shareholdings but also provide additional funds for the company to potentially enhance its performance and growth prospects.
The information regarding this transaction was distributed by RNS, the news service of the London Stock Exchange (LON:LSEG), and is based on a press release statement by JPMorgan Global Growth & Income Plc.
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