LONDON - JPMorgan (NYSE:JPM) Global Growth & Income PLC has announced the issuance of 50,000 Ordinary Shares at a price of 584.50 pence each. This transaction took place today under the company's Ordinary Share block listing facility established on May 24, 2024.
Following this issue, the total number of shares in issuance by the company now stands at 510,627,308. Shareholders can use this figure as the denominator for calculations to determine whether they need to disclose changes in their shareholding as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The company has also confirmed that it has 5,389,140 Ordinary Shares remaining under the existing block listing facility, and an additional block listing facility for 25,000,000 shares was dated December 19, 2024. It was noted that JPMorgan Global Growth & Income PLC does not hold any shares in Treasury and has a policy to re-issue shares held in Treasury only at a premium to their net asset value at the time of the issue.
The issuance of shares is a common practice for companies seeking to raise capital. In this instance, the capital raised through the issuance may be used by the company to pursue its investment objectives, although the specific use of the proceeds was not detailed in the press release.
The information disclosed is based on a press release statement from the company, which serves as a primary source of information. It is a standard procedure for companies listed on the London Stock Exchange (LON:LSEG) to announce such transactions to keep the market informed and maintain transparency with shareholders and potential investors.
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