LONDON - JPMorgan (NYSE:JPM) Global Growth & Income PLC has announced the issuance of 100,000 Ordinary Shares at a price of 590.00 pence per share. The transaction, which took place today, was executed under the company's Ordinary Share block listing facility established on May 24, 2024.
With this latest issuance, the investment trust's total issued share capital has reached 503,767,308. Shareholders can use this figure as the denominator for calculations to determine whether they need to disclose changes in their stake in the company, in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Following the share issue, JPMorgan Global Growth & Income PLC has 12,249,140 Ordinary Shares remaining under its current block listing facility. The company has confirmed that it does not hold any ordinary shares in Treasury and has committed to re-issuing shares held in Treasury only at a premium to net asset value at the time of issue.
This move by the company is part of its strategy to raise capital, which could be used for a variety of purposes such as investing in growth opportunities, funding operations, or other corporate activities. Investors often monitor such equity issuances closely, as they can dilute existing shareholders' stakes but also potentially provide the company with the necessary funds for expansion and development.
The information regarding this share issuance is based on a press release statement provided by RNS, the news service of the London Stock Exchange (LON:LSEG).
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