LONDON - JPMorgan Global Growth & Income PLC has announced the issuance of 100,000 Ordinary Shares at a price of 601.00 pence per share, as per the company’s statement today. This move comes under its existing block listing facility established on May 24, 2024.
Following this transaction, JPMorgan Global’s total issued share capital has reached 513,202,308 Ordinary Shares. Shareholders may use this figure as the denominator for calculations to determine whether they need to disclose changes in their stake in the company, in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The company has also reported that it has 2,814,140 Ordinary Shares still available for issue under the same block listing facility, along with an additional block listing facility for 25,000,000 Ordinary Shares dated December 19, 2024. It is important to note that JPMorgan Global Growth & Income PLC does not have any Ordinary Shares held in Treasury and maintains a policy of re-issuing shares from Treasury only at a premium to the net asset value at the time of issue.
This issuance of shares is part of the company’s strategy to raise capital. By offering new shares for cash, the company is potentially looking to expand its investment capacity or fund other strategic initiatives. The price of 601.00 pence per share represents the value at which the market and the company have agreed upon for the new shares.
Investors and market watchers may view this equity issuance as a sign of the company’s growth prospects and its need for capital to fund future projects or investments. It’s also an indication of the company’s confidence that the market will support the new share issuance at the stated price.
The information disclosed is based on a press release statement and is intended to provide shareholders and the market with the latest developments regarding the company’s financial maneuvers.
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