LONDON - JPMorgan Global Growth & Income PLC has announced the issuance of 50,000 ordinary shares at a price of 593.70 pence each. The transaction, which took place today, was conducted under the company's ordinary share block listing facility established on May 24, 2024.
The issuance of shares has increased the total issued share capital of the investment trust to 505,167,308. This figure is now the denominator for shareholders to determine if they need to disclose changes in their interest in the company, as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Following this issue, JPMorgan Global Growth & Income PLC has 10,849,140 ordinary shares remaining under its current block listing facility. The company has clarified that it holds no ordinary shares in Treasury and that any re-issuance of shares held in Treasury will occur at a premium to the net asset value at the time of issue.
This move by JPMorgan Global Growth & Income PLC is part of its ongoing capital management strategy and provides the company with additional funds for investment opportunities or general corporate purposes.
Investors and interested parties should note that this information is based on a press release statement and should monitor the company's performance and market conditions for further insights into the potential impact of this share issuance.
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