LONDON - JPMorgan Global Growth & Income PLC has issued 175,000 new ordinary shares at a price of 587.60 pence per share, the company announced today. This issuance is part of an existing block listing facility established on May 24, 2024.
The transaction increases the company's total issued share capital to 504,917,308 ordinary shares. Shareholders can use this number as the denominator for the calculations by which they will determine whether they are required to notify their interest or a change in interest in the company, in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Following the issuance, JPMorgan Global Growth & Income PLC has 11,099,140 ordinary shares remaining under its current block listing facility. The company confirmed that it does not hold any ordinary shares in treasury and that it will only re-issue shares held in treasury at a premium to the net asset value at the time of the issue.
The company's share capital expansion comes as part of its strategy to raise funds for cash under the terms of the facility that was detailed earlier this year. Shareholders and potential investors are advised that the new shares have been admitted to trading on the London Stock Exchange (LON:LSEG) as of today.
The issuance of shares is a common practice for companies seeking to raise capital, and it is a transaction that directly affects the company's shareholders. The price at which the new shares are issued, and the remaining shares available under the block listing, are key details for investors as they assess the implications for their holdings.
This news is based on a press release statement and is intended to provide shareholders and the market with the latest information on JPMorgan Global Growth & Income PLC's share capital.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.