LONDON - JPMorgan Global Growth & Income PLC has issued 50,000 Ordinary Shares at a price of 590.30 pence per share, the company announced today. This transaction was conducted under the firm’s Ordinary Share block listing facility established on May 24, 2024.
The issuance of shares has increased the company’s total issued share capital to 511,702,308. Shareholders can use this figure as the denominator to determine whether they need to disclose changes in their stake in the company, in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
After this transaction, JPMorgan Global Growth & Income PLC retains 4,314,140 Ordinary Shares under the same block listing facility. Additionally, the company has a separate block listing facility for 25,000,000 Ordinary Shares, which was dated December 19, 2024.
The company confirmed that it does not hold any Ordinary Shares in Treasury. Moreover, it commits to re-issuing shares held in Treasury only at a premium to the net asset value at the time of the issue.
This move comes as part of the company’s ongoing capital management strategy and provides investors with the opportunity to increase their investment in the fund. The company’s share issuance practices are in line with market regulations, and it seeks to ensure transparency in its transactions.
The information disclosed is based on a press release statement provided by RNS, the news service of the London Stock Exchange (LON:LSEG).
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