LONDON - JPMorgan (NYSE:JPM) Global Growth & Income Plc has issued 75,000 new Ordinary Shares at a price of 582.30 pence per share, the company announced today. This issuance was made under the company's Ordinary Share block listing facility established on May 24, 2024.
As a result of this transaction, the total issued share capital of the company now stands at 511,027,308 Ordinary Shares. Shareholders can use this figure as the denominator for the calculations needed to determine whether they are required to notify their interest or a change in interest in the company, in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The company also disclosed that it has 4,989,140 Ordinary Shares remaining under the aforementioned block listing facility. Additionally, there is a separate block listing facility for 25,000,000 Ordinary Shares, which was dated December 19, 2024.
It was noted that JPMorgan Global Growth & Income Plc does not currently hold any Ordinary Shares in Treasury. Moreover, the company stated that it would only re-issue shares held in Treasury at a premium to the net asset value at the time of issue.
This move by JPMorgan Global Growth & Income Plc comes as part of its ongoing capital management strategy. The company, which is listed on the London Stock Exchange (LON:LSEG), is known for its investments aimed at achieving growth and income for its shareholders.
The information regarding this equity issue is based on a press release statement and has been officially communicated by Divya Amin, Company Secretary of JPMorgan Funds Limited.
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