JPMorgan Global issues new shares at 500.5p

Published 17/04/2025, 12:44
JPMorgan Global issues new shares at 500.5p

LONDON - JPMorgan Global Growth & Income Plc has expanded its share capital with the issuance of 50,000 new Ordinary Shares at a price of 500.50 pence each, the company announced on Thursday. This move comes as part of the company’s utilization of its block listing facility established on December 19, 2024.

Following this latest share issuance, the total number of issued shares for JPMorgan Global Growth & Income Plc stands at 516,727,308. Shareholders can use this figure as the denominator for the calculations needed to determine whether they must disclose changes in their shareholding as per the Financial Conduct Authority’s Disclosure and Transparency Rules.

The company also confirmed that it has 24,289,140 Ordinary Shares remaining under the current block listing facility. It was noted that JPMorgan Global Growth & Income Plc does not hold any Ordinary Shares in Treasury and maintains a policy of re-issuing shares held in Treasury only at a premium to net asset value at the time of the issue.

This transaction is a routine part of the company’s capital management strategy, allowing for the adjustment of its share capital in line with market demands and investment needs. The information disclosed is based on a press release statement provided by the company and has been announced via RNS, the news service of the London Stock Exchange (LON:LSEG).

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