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LONDON - JPMorgan Global Growth & Income Plc has issued 75,000 new Ordinary Shares at a price of 603.50 pence per share, the company announced today. This issue is part of an existing block listing facility established on May 24, 2024.
Following this transaction, the total issued share capital of the company has reached 515,677,308 shares. Shareholders can use this figure as the denominator for the calculations needed to determine if they must notify changes in their interest in the company, according to the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The company has also disclosed that it has 339,140 Ordinary Shares remaining under the same block listing facility. Additionally, there is a separate block listing facility for 25,000,000 Ordinary Shares dated December 19, 2024.
It was noted that JPMorgan Global Growth & Income Plc does not hold any Ordinary Shares in Treasury and has a policy to re-issue shares held in Treasury only at a premium to the net asset value at the time of the issue.
The issuance of shares for cash is a common practice for companies seeking to raise capital. The new capital raised may be used for various corporate purposes, including funding ongoing operations, investing in new projects, or repaying debt.
This latest development from JPMorgan Global Growth & Income Plc is based on a press release statement and has been officially communicated through RNS, the news service of the London Stock Exchange (LON:LSEG). The company’s secretary, Divya Amin of JPMorgan Funds Limited, can be contacted for further information.
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