Bitcoin price today: dips below $112k, near 6-wk low despite Fed cut bets
LONDON - JPMorgan Global Growth & Income PLC has announced the issuance of 100,000 Ordinary Shares at a price of 500.70 pence per share. The transaction took place today under the company’s Ordinary Share block listing facility established on December 19, 2024.
This issuance increases the total number of shares in the company’s issued share capital to 516,677,308. Shareholders can use this figure as the denominator to determine any notifications they might need to make under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules regarding their interest in the company.
The company has reported that it has 24,339,140 Ordinary Shares remaining under the current block listing facility. It was also noted that JPMorgan Global Growth & Income PLC does not hold any Ordinary Shares in Treasury and has a policy of re-issuing shares held in Treasury only at a premium to net asset value at the time of the issue.
This move comes as part of the company’s strategy to manage its capital and potentially provide additional liquidity to the market. The funds raised from this share issuance are typically used for general corporate purposes, which may include investment in the company’s portfolio according to its investment strategy and objectives.
The company’s secretary, Divya Amin of JPMorgan Funds Limited, confirmed the share issuance and provided contact information for further inquiries.
The information disclosed is based on a press release statement and is provided by RNS, the news service of the London Stock Exchange (LON:LSEG). RNS is authorized by the Financial Conduct Authority in the UK to act as a Primary Information Provider.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.