LONDON – JPMorgan Global Growth & Income Plc has issued 200,000 ordinary shares at a price of 580.30 pence per share, the company announced today. This issuance is part of an existing common stock block listing facility established on May 24, 2024.
The transaction has increased the company’s total issued share capital to 511,227,308. This figure is now the benchmark for shareholders to determine whether they need to disclose changes to their stake in the company under the Financial Conduct Authority’s Transparency and Disclosure Guidance Rules.
Following this issuance, 4,789,140 common shares remain available under the block listing facility dated May 24, 2024. Additionally, the Company has a separate block listing facility for 25,000,000 common shares dated May 19 December 2024.
JPMorgan Global Growth & Income Plc also confirmed that it does not hold any common shares in treasury. As per its policy, the company will reissue shares held in treasury only at a premium over the net asset value at the time of issue.
The share issue is part of JPMorgan Global Growth & Income Plc’s strategy to raise capital. The company has not disclosed specific plans for the use of the proceeds from this stock issuance.
This information is based on a press release provided by JPMorgan Funds Limited, the company secretary, and has been reported by RNS, the company’s news service. London Stock Exchange (LON:).
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