LONDON - JPMorgan Global Growth & Income PLC has issued 75,000 new Ordinary Shares at a price of 591 pence per share, the company announced on Wednesday. This move comes as part of the company's utilization of its block listing facility established on May 24, 2024.
Following this transaction, the total issued share capital of the company now stands at 508,252,308 Ordinary Shares. Shareholders may use this figure as the denominator for the calculations needed to determine whether they are obliged to disclose their interest in the company, as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The company has indicated that it has 7,764,140 Ordinary Shares still available under the current block listing facility. In line with its policy, JPMorgan Global Growth & Income PLC does not hold any ordinary shares in Treasury. Moreover, the company has committed to re-issuing shares held in Treasury only at a premium to the net asset value at the time of the issue.
This issuance of shares is part of the company's strategy to raise capital. The additional funds acquired through this transaction are expected to be used in accordance with the company's investment objectives and policies. Investors and shareholders are advised to take note of this development for their records and any necessary portfolio adjustments.
The information was provided by RNS, the news service of the London Stock Exchange (LON:LSEG) and is based on a press release statement.
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