LONDON - JPMorgan Global Growth & Income Plc has issued 75,000 Ordinary Shares at a price of 588.50 pence per share, the company announced today. This issuance was conducted under the firm's existing Ordinary Share block listing facility, which was established on May 24, 2024.
Following this transaction, JPMorgan Global's total issued share capital has reached 504,517,308. Shareholders can use this number as the denominator for calculations to determine whether they need to disclose any changes in their stake in the company, in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The company has reported that after this issue of shares, it still has 11,499,140 Ordinary Shares available for issuance under the current block listing facility. It was also noted that JPMorgan Global Growth & Income Plc currently holds no ordinary shares in Treasury. Moreover, the company has a policy to re-issue shares from Treasury only at a premium to the net asset value at the time of issue.
This latest development comes as part of JPMorgan Global's ongoing efforts to manage its capital and shares effectively. The company's approach to issuing new shares is carefully regulated and is intended to provide flexibility in financing its operations while also potentially offering an opportunity for investors to participate in the company's growth.
The information regarding the share issuance is based on a press release statement and is provided by RNS, the news service of the London Stock Exchange (LON:LSEG). The Financial Conduct Authority has approved RNS as a Primary Information Provider in the United Kingdom (TADAWUL:4280).
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