LONDON - JPMorgan Global Growth & Income PLC has expanded its share capital by issuing 50,000 new Ordinary Shares at a price of 607 pence per share. This issuance took place today under the company's existing block listing facility established on May 24, 2024.
Following this transaction, the total number of issued shares by the investment trust stands at 513,802,308. Shareholders may use this figure as the denominator for the calculations needed to determine whether they must disclose changes in their shareholding as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The company has announced that it still has 2,214,140 Ordinary Shares available for issuance under the May 24, 2024 block listing facility. Additionally, there is a separate block listing facility for 25,000,000 Ordinary Shares, which was dated December 19, 2024.
JPMorgan Global Growth & Income PLC, which operates as a closed-end investment trust, does not currently hold any Ordinary Shares in Treasury. Moreover, the company has stated that any shares held in Treasury will only be reissued at a premium to their net asset value at the time of the issue.
This latest share issuance is part of the company's ongoing capital management strategy, providing investors with the opportunity to invest in a diversified global portfolio with the aim of achieving capital growth and income.
The information regarding the share issuance is sourced from a press release statement provided by RNS, the news service of the London Stock Exchange (LON:LSEG), and is approved by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280).
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