LONDON - JPMorgan Global Growth & Income PLC has announced the issuance of 50,000 new Ordinary Shares at a price of 590.00 pence per share. This transaction, part of the company's block listing facility established on May 24, 2024, took place today.
Following this issue, JPMorgan Global Growth & Income's total issued share capital has increased to 502,942,308 shares. Shareholders can use this number as the denominator for calculations 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.
The company still has 13,074,140 Ordinary Shares available under its current block listing facility. It has been clarified that JPMorgan Global Growth & Income does not hold any ordinary shares in Treasury and will only re-issue shares held in Treasury at a price above the net asset value at the time of issue.
This move allows investors an opportunity to increase their holdings in the company and reflects a potential strategy by JPMorgan Global Growth & Income to raise capital. The issuance of shares for cash is a common practice for companies seeking to fund operations or growth initiatives, or to improve their financial liquidity.
The information regarding this share issuance is based on a press release statement and has been formally announced through the London Stock Exchange (LON:LSEG)'s news service, RNS, which is authorized by the Financial Conduct Authority in the UK.
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