Asia FX muted, dollar weakens slightly ahead of Fed rate decision
LONDON - JPMorgan Global Growth & Income PLC has announced the issuance of 50,000 new Ordinary Shares at a price of 603.50 pence per share today. This transaction was conducted under the company’s Ordinary Share block listing facility established on May 24, 2024.
The newly issued shares increase the total issued share capital of the company to 515,777,308. Shareholders may use this figure as the denominator for the calculations needed to determine whether they are required to notify their interest or any change in their interest in the company, in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
After this issuance, 239,140 Ordinary Shares remain available under the current block listing facility, with an additional 25,000,000 Ordinary Shares available under a separate block listing facility dated December 19, 2024. The company has clarified that it does not hold any Ordinary Shares in Treasury and commits to re-issuing shares held in Treasury only at a premium to net asset value at the time of issue.
This move by JPMorgan Global Growth & Income PLC reflects a potential strategy to raise capital for further investment or corporate activities. The company has not disclosed specific intentions for the use of the proceeds from these newly issued shares.
The information regarding the share issuance is based on a press release statement provided by RNS, the news service of the London Stock Exchange (LON:LSEG), and is approved by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280).
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.