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JPMorgan Global Growth issues new shares at 575p each

Published 12/19/2024, 10:02 PM
JMG
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LONDON - JPMorgan Global Growth & Income PLC has announced the issuance of 125,000 Ordinary Shares at a price of 575.00 pence per share. This transaction took place today under the company's block listing facility established on May 24, 2024.

The newly issued shares have expanded the company's total issued share capital to 510,402,308 Ordinary Shares. This figure is now the reference for shareholders to determine whether they need to disclose changes in their stake in the company as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Following the issuance, JPMorgan Global Growth & Income PLC retains 5,614,140 Ordinary Shares available for issue within the same block listing facility. Additionally, the company has established a new block listing facility for 25,000,000 shares as of today's date.

The company has confirmed it holds no ordinary shares in Treasury. Consistent with its policy, it will re-issue shares held in Treasury only at a premium to the net asset value at the time of the issue.

This move comes as part of the company's strategy to raise capital and potentially expand its investment portfolio, offering investors an opportunity to increase their holdings in the fund. It is a common practice for investment trusts to issue new shares or sell treasury shares to meet investor demand and provide liquidity.

The information for this article is based on a press release statement, and the transaction's specifics are available through regulatory filings and disclosures.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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