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LONDON - JPMorgan Global Growth & Income PLC has announced the issuance of 100,000 Ordinary Shares at a price of 534.00 pence each. This transaction occurred under the company’s Ordinary Share block listing facility established on December 19, 2024.
Following this share issue, the investment trust’s total issued share capital now stands at 516,927,308 Ordinary Shares. Shareholders can use this figure as the denominator for notifications they might need to make under the Financial Conduct Authority’s Disclosure and Transparency Rules regarding changes in their shareholding interests.
The company has clarified that it retains 24,089,140 Ordinary Shares available for issue within the current block listing facility. Additionally, the company confirmed that it does not hold any Ordinary Shares in Treasury and that any re-issued shares from Treasury will only be sold at a premium to the net asset value at the time of the issue.
This equity issuance is part of the company’s efforts to raise capital, which may be used for various corporate purposes. It is a common practice for investment trusts like JPMorgan Global Growth & Income to issue new shares as a way to obtain financing without incurring debt.
Investors and market watchers are reminded that this information is based on a press release statement and that the company’s share price and net asset value can fluctuate according to market conditions.
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