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LONDON - JPMorgan Global Growth & Income Plc has issued 100,000 new Ordinary Shares at a price of 589.00 pence per share, the company announced today. This issuance is part of an existing block listing facility established on May 24, 2024.
The transaction increases the company's total issued share capital to 511,802,308 Ordinary Shares. Shareholders can use this number as the denominator for the calculations required 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.
After this issuance, JPMorgan Global Growth & Income Plc has 4,214,140 Ordinary Shares remaining under the May 24 facility. Additionally, the company has another block listing facility for 25,000,000 Ordinary Shares dated December 19, 2024.
The company clarified that it does not hold any Ordinary Shares in Treasury and has a policy of re-issuing shares held in Treasury only at a premium to their net asset value at the time of issue.
This move comes as part of the company's strategy to manage its capital and may provide additional funds for future investments. The shares were issued for cash, and the company's share capital has been adjusted accordingly. The information was disseminated by RNS, the news service of the London Stock Exchange (LON:LSEG), and is based on a press release statement.
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