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LONDON - JPMorgan Global Growth & Income Plc has issued 100,000 Ordinary Shares at a price of 601.50 pence each for cash, according to a statement released today. This transaction was conducted under the company's Ordinary Share block listing facility established on May 24, 2024.
Following the issuance, the total number of issued shares for the investment trust stands at 512,752,308. Shareholders can use this figure as the denominator for the calculations needed to determine whether they must disclose changes in their stake in the company, as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The company also disclosed that it has 3,264,140 Ordinary Shares remaining under the current block listing facility, alongside a separate block listing facility for 25,000,000 Ordinary Shares dated December 19, 2024. JPMorgan Global Growth & Income Plc has confirmed that it does not hold any Ordinary Shares in Treasury and that any re-issuance of shares held in Treasury will be at a premium to net asset value at the time of issue.
This move provides the company with additional capital, which could be used for various corporate purposes, including investment opportunities, growth initiatives, or general corporate uses.
The company's secretary, Divya Amin of JPMorgan Funds Limited, provided the aforementioned details via RNS, the news service of the London Stock Exchange (LON:LSEG). This announcement is based on a press release statement and is intended to keep shareholders and the market informed of the latest corporate developments at JPMorgan Global Growth & Income Plc.
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