LONDON - JPMorgan Global Growth & Income Plc has announced the issuance of 50,000 Ordinary Shares at a price of 580 pence per share today. This transaction was conducted under the company's existing Ordinary Share block listing facility, which was established on May 24, 2024.
Following this issuance, the company's total issued share capital now stands at 510,502,308 shares. Shareholders can use this figure as the denominator for calculations to determine if they need to notify their interest in, or changes to their interest in, the company as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The company also confirmed that it has 5,514,140 Ordinary Shares remaining under the May 24, 2024 block listing facility. Additionally, there is a separate block listing facility for 25,000,000 shares, dated December 19, 2024.
JPMorgan Global Growth & Income Plc clarified that it does not hold any ordinary shares in Treasury. Furthermore, the company stated that any re-issuance of shares held in Treasury would only occur at a premium to the net asset value at the time of the issue.
The issuance of shares is a common financial activity for companies looking to raise capital. In the case of JPMorgan Global Growth & Income Plc, the cash generated from this issuance may be used for a variety of corporate purposes, which could include investing in growth opportunities, funding operations, or other strategic initiatives.
Investors and the market often watch share issuances closely as they can dilute existing shareholdings but also potentially provide additional capital for growth and expansion. The company's decision to issue shares at a premium to net asset value when re-issuing shares from Treasury is also of interest to investors as it reflects the management's confidence in the company's value.
This announcement is based on a press release statement from JPMorgan Global Growth & Income Plc and has been disseminated through RNS, the news service of the London Stock Exchange (LON:LSEG).
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