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LONDON - JPMorgan Global Growth & Income PLC, an investment firm, has issued 75,000 Ordinary Shares at a price of 538.50 pence per share, as announced on Tuesday. This transaction was conducted under the company’s Ordinary Share block listing facility established on December 19, 2024.
The new shares were sold for cash, and following this issue, the total issued share capital of the company stands at 517,577,308 shares. This figure is relevant for shareholders who need to disclose changes in their holdings in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
After this issuance, JPMorgan Global Growth & Income PLC has 23,439,140 Ordinary Shares remaining under the current block listing facility. The company has stated that it does not hold any Ordinary Shares in Treasury and that any shares re-issued from Treasury would be sold at a premium to the net asset value at the time of the issue.
This move by JPMorgan Global Growth & Income PLC is part of its capital management strategy and provides investors with the opportunity to increase their investment in the company. The issuance of shares for cash can often be indicative of a company’s growth initiatives or a means to strengthen its capital base.
Investors and shareholders are advised that the total issued share capital number (517,577,308) is now the denominator for the calculation of their percentage holdings.
The information was disseminated via RNS, a news service of the London Stock Exchange (LON:LSEG), and is based on a press release statement from the company.
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