LONDON - JPMorgan Global Growth & Income Plc has announced the issuance of 50,000 Ordinary Shares at a price of 595.70 pence per share. The transaction took place under the company's Ordinary Share block listing facility, which was established on May 24, 2024.
Following the issuance, the company's total issued share capital has increased to 509,227,308 shares. This figure is now the reference point for shareholders to determine whether they need to disclose changes in their stake in the company, as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The company has reported that it has 6,789,140 Ordinary Shares still available for issuance under the current block listing facility. Additionally, JPMorgan Global Growth & Income Plc clarified that it does not hold any ordinary shares in Treasury and 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.
The issuance of shares for cash can often be a way for companies to raise capital for various corporate purposes, including funding ongoing operations or strategic acquisitions. The price per share and the amount of capital raised through such transactions can provide investors with insights into the company's valuation and the demand for its shares.
This information is based on a press release statement from the company and has been disseminated by RNS, the news service of the London Stock Exchange (LON:LSEG).
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