On Thursday, JPMorgan Global Growth & Income PLC announced the issuance of 200,000 Ordinary Shares at a price of 582.40 pence per share. This transaction was carried out under the company's Ordinary Share block listing facility, which was established on May 24, 2024.
The new shares were issued for cash, and following this issuance, JPMorgan Global Growth & Income PLC's total issued share capital now stands at 502,267,308 Ordinary Shares. This total share count is relevant for shareholders who need to disclose changes in their stake in the company, in compliance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
JPMorgan Global Growth & Income PLC also reported that it has 13,749,140 Ordinary Shares remaining under its current block listing facility. This facility, which was initiated on May 24, 2024, provides the company with the flexibility to issue shares periodically.
The company further clarified that it does not hold any Ordinary Shares in Treasury at this time. Moreover, it emphasized its policy that any shares held in Treasury would only be re-issued at a premium to the net asset value at the time of issue, ensuring a value-driven approach to share issuance.
The announcement was made through an official London Stock Exchange (LON:LSEG) announcement and communicated by Divya Amin, Company Secretary of JPMorgan Funds Limited. Shareholders and interested parties were provided with contact numbers for further inquiries regarding the share issuance.
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