LONDON - JPMorgan Global Growth & Income PLC has issued 50,000 Ordinary Shares at a price of 590.00 pence each, the company announced today. This issuance is part of an existing block listing facility that was established on May 24, 2024.
The transaction brings the company's total issued share capital to 508,177,308 Ordinary Shares. Shareholders can use this number as the denominator for calculations to determine if they need to notify their interest or a change in their interest in the company, in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
After this share issue, JPMorgan Global Growth & Income PLC has 7,839,140 Ordinary Shares remaining under the block listing facility. The company clarified 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 their net asset value at the time of issue.
The news of the share issuance is based on a press release statement and provides the latest update on the company's capital structure. The company's approach to issuing new shares is consistent with its stated policy of not diluting the value of existing shares by issuing new shares at a price lower than the net asset value.
Investors typically monitor such announcements closely as they can affect the share price and indicate the company's strategy for growth and income distribution. JPMorgan Global Growth & Income PLC is known for its focus on providing long-term capital growth and income through investment in a globally diversified portfolio of equities.
The information disclosed in this article is based solely on the statement provided by the company and does not include any additional analysis or commentary. The share issuance is a factual event that has been reported to keep shareholders and potential investors informed of the latest developments within the company.
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