LONDON - JPMorgan Global Growth & Income Plc has issued 100,000 Ordinary Shares at a price of 602.00 pence per share, the company announced today. This issuance is part of an existing block listing facility established on May 24, 2024. The transaction has increased the total issued share capital of the company to 512,652,308 Ordinary Shares.
Shareholders may use this new total as the denominator for the purposes of notifications under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. The company has disclosed that, following this issuance, it has 3,364,140 Ordinary Shares still available under the May 24 block listing facility. Additionally, there is a separate block listing facility for 25,000,000 Ordinary Shares dated December 19, 2024.
JPMorgan Global Growth & Income Plc has confirmed that it does not currently hold any Ordinary Shares in Treasury, and it has a policy to re-issue shares held in Treasury only at a premium to net asset value at the time of issue.
This equity issuance is part of the company's strategy to raise capital for further investment and growth. It is a routine financial operation for investment trusts like JPMorgan Global Growth & Income Plc, which often issue new shares to manage the investment ratio and provide liquidity for their operations.
The information regarding this share issuance is based on a press release statement and has been officially announced through the London Stock Exchange (LON:LSEG).
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