JPMorgan Global Growth & Income issues new shares

LONDON - JPMorgan Global Growth & Income PLC has expanded its share capital with the issuance of 50,000 new Ordinary Shares, the company announced today. The shares were issued for cash at a price of 607 pence per share, utilizing its existing block listing facility established on May 24, 2024.

The addition of the new shares brings the company's total issued share capital to 513,552,308. This figure is now the reference for shareholders to determine whether they must disclose changes in their stake in the company, according to the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

With this transaction, JPMorgan Global Growth & Income PLC has 2,464,140 Ordinary Shares remaining under the May 24, 2024, block listing facility. The company also mentioned a separate block listing facility for 25,000,000 Ordinary Shares, which was dated December 19, 2024.

It was noted that the company does not currently hold any Ordinary Shares in Treasury. Furthermore, the company stated that any shares held in Treasury would only be re-issued at a premium to the net asset value at the time of the issue.

This move comes as part of the company's strategy to manage its capital structure and to provide additional liquidity in the market for its shares. The issuance is based on a press release statement from JPMorgan Global Growth & Income PLC and has been officially communicated through the London Stock Exchange (LON:LSEG)'s news service.

Investors and market watchers will likely monitor the impact of this share issuance on the company's stock performance and market capitalization. The newly issued shares are now available for trading on the London Stock Exchange.

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