LONDON - JPMorgan Global Growth & Income PLC has issued 50,000 Ordinary Shares at a price of 587.10 pence per share, utilizing its block listing facility established on May 24, 2024. The transaction, announced today, increases the company's total issued share capital to 504,742,308.
Following the share issuance, shareholders can use the new total issued share capital figure as the denominator for the calculations required to determine if they need to notify changes in their stake in the company. These notifications are part of the obligations under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
JPMorgan Global Growth & Income PLC, which operates without a Treasury share reserve, has confirmed it will only re-issue shares held in Treasury at a premium to their net asset value at the time of issue.
The company has stated that after this issue, 11,274,140 Ordinary Shares remain available for issuance under the current block listing facility. This facility is part of the company's strategy to manage capital efficiently and provide liquidity to the market.
This latest development is based on a press release statement and is intended for shareholders and potential investors to stay informed about the company's capital structure changes. The information is distributed by RNS, the news service of the London Stock Exchange (LON:LSEG), and adheres to the regulations set by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280).
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