LONDON - JPMorgan Global Growth & Income PLC has announced the issuance of 75,000 new Ordinary Shares at a price of 593.40 pence per share, as per the company's block listing facility established on May 24, 2024. This transaction took place today and was executed for cash under the mentioned facility.
Following this issuance, the total number of issued shares by the investment trust now stands at 506,577,308. Shareholders are advised to use this new total as the denominator for the calculations needed to determine if they must notify their interest, or any change to their interest, in the company. This requirement is in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The company also disclosed that after this share issue, it has 9,439,140 Ordinary Shares remaining under its current block listing facility, which will be available for future issuances if needed.
JPMorgan Global Growth & Income PLC confirmed that it does not hold any Ordinary Shares in Treasury. Moreover, the company has a policy of re-issuing shares held in Treasury only at a premium to net asset value at the time of the issue, which is intended to protect existing shareholders' interests.
The company's secretary, Divya Amin of JPMorgan Funds Limited, provided the contact details for further inquiries, but these have been omitted in accordance with reporting guidelines.
This financial move, detailed in a statement provided by RNS, the news service of the London Stock Exchange (LON:LSEG), reflects the company's ongoing capital management strategy. The information regarding this share issuance is based on a press release statement and is presented without any additional commentary or speculative insights.
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