On Thursday, JPMorgan Global Growth & Income PLC announced the issuance of 150,000 Ordinary Shares at a price of 582.30 pence per share. This issuance occurred under the Company's Ordinary Share block listing facility that was established on May 24, 2024. The transaction has increased the total issued share capital of the Company to 502,417,308 shares.
This recent development provides shareholders with a new figure for the total issued share capital, which is significant for those calculating their percentage holdings. Shareholders use this figure to determine if they need to disclose changes in their stake in the Company, according to the rules set by the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
JPMorgan Global Growth & Income PLC now has 13,599,140 Ordinary Shares remaining in its block listing facility, which will be available for future issuance. The Company has made it clear that it does not have any Ordinary Shares held in Treasury currently. Moreover, it has a policy to re-issue shares held in Treasury only at a premium to their net asset value at the time of the issue.
The Company's share issuance is an event that adds to the liquidity of its shares in the market and provides the firm with additional capital. The share issuance was conducted on the London Stock Exchange (LON:LSEG), as noted by the Company Secretary of JPMorgan Funds Limited, Divya Amin. Shareholders and interested parties can contact the company for more information via the provided telephone numbers.
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