LONDON - JPMorgan (NYSE:JPM) Global Growth & Income PLC has announced the issuance of 50,000 Ordinary Shares at a price of 593.00 pence per share. This transaction took place today under the company's block listing facility established on May 24, 2024. With this issuance, the total issued share capital of the company now stands at 509,277,308 shares.
The new shares were issued for cash, and the proceeds are expected to contribute to the company's investment activities. Following the issue, JPMorgan Global Growth & Income PLC has 6,739,140 Ordinary Shares remaining under the current block listing facility.
This issuance may be relevant to shareholders for the purpose of notifications under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. The figure of 509,277,308 total issued shares serves as the denominator for shareholders to determine if they need to disclose changes in their interest in the company.
The company has clarified that it does not hold any ordinary shares in Treasury. Moreover, it has a policy to re-issue shares held in Treasury only at a premium to the net asset value at the time of issue.
This financial activity is part of the company's ongoing efforts to manage its capital structure and fund its operations. The information provided is based on a press release statement from the company and has been disseminated by RNS, the news service of the London Stock Exchange (LON:LSEG).
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