LONDON - JPMorgan Global Growth & Income PLC has announced the issuance of 75,000 additional Ordinary Shares at a price of 580.00 pence per share, as per the company's statement released today. This issuance was carried out under the block listing facility that was established on May 24, 2024.
Following this transaction, the total issued share capital of the company has reached 510,577,308 shares. This new total serves as a reference for shareholders when calculating their percentage holdings in relation to the disclosure requirements set by the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The company still has 5,439,140 Ordinary Shares available under the existing block listing facility, in addition to a separate block listing for 25,000,000 shares dated December 19, 2024. It has been noted that JPMorgan Global Growth & Income PLC does not hold any ordinary shares in Treasury, and the company's policy is to re-issue shares from Treasury only at a premium to the net asset value at the time of the issue.
The issuance of shares for cash is a common practice for companies seeking to raise capital. The funds obtained from such issuances can be used for various corporate purposes, including financing growth initiatives, paying down debt, or other investment opportunities. Shareholders and potential investors often monitor these transactions closely as they can affect the value of existing shares.
The company's statement, provided by RNS, the news service of the London Stock Exchange (LON:LSEG), confirms that the information is distributed in compliance with the regulations set by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280). The transaction details and share capital information are based on the press release statement issued by JPMorgan Funds Limited.
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