LONDON - JPMorgan Global Growth & Income PLC has issued 100,000 new Ordinary Shares at a price of 594.20 pence per share, the company announced today. This transaction is part of an existing block listing facility established on May 24, 2024.
As a result of this issue, the investment trust's total issued share capital has increased to 506,142,308 Ordinary Shares. This figure is now the reference point for shareholders to determine their notification requirements under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Following the issuance, the Company has 9,874,140 Ordinary Shares remaining under the block listing facility. The Company has confirmed that it does not hold any Ordinary Shares in Treasury, and it has a policy of re-issuing shares held in Treasury only at a premium to the net asset value at the time of issue.
This latest share issuance by JPMorgan Global Growth & Income PLC is part of the company's capital management strategy, allowing for an increase in liquidity and potential expansion of its investment portfolio. Shareholders and potential investors are advised to use the updated total issued share capital for their calculations regarding shareholding percentages.
The information regarding this equity issue is based on a press release statement provided by RNS, the news service of the London Stock Exchange (LON:LSEG).
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