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LONDON - JPMorgan Global Growth & Income PLC has issued 100,000 Ordinary Shares at a price of 606.40 pence per share, the company announced today. This issuance is part of an existing Ordinary Share block listing facility established on May 24, 2024.
As a result of this transaction, the total issued share capital of the company has increased to 515,077,308 shares. This figure is now the reference for shareholders when reporting changes in ownership or notifying their interest in the company, as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The company also stated that it has 939,140 Ordinary Shares remaining under the May 24, 2024 block listing facility. Furthermore, an additional block listing facility for 25,000,000 Ordinary Shares was established on December 19, 2024.
JPMorgan Global Growth & Income PLC clarified that it does not hold any Ordinary Shares in Treasury and that it has a policy to re-issue shares held in Treasury only at a premium to the net asset value at the time of issue.
The issuance of shares is a common financial activity for companies seeking to raise capital. The additional funds can be utilized for various corporate purposes, including growth initiatives, debt repayment, or investment in new projects.
Investors often monitor share issuances closely as they can influence a company’s stock price and the value of existing shares. The announcement of new share issuances can also provide insights into a company’s financial health and strategic direction.
The information for this news article is based on a press release statement from JPMorgan Global Growth & Income PLC.
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