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LONDON - JPMorgan Global Growth & Income PLC has issued 100,000 Ordinary Shares at a price of 604.50 pence per share, the company stated today. This issuance is part of a block listing facility established on May 24, 2024.
The transaction increases the total issued share capital of the investment firm to 514,227,308 Ordinary Shares. Shareholders can use this total figure as a denominator for the purpose of calculating 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.
Following this issue, JPMorgan Global Growth & Income PLC has 1,789,140 Ordinary Shares remaining under the current block listing facility. Additionally, the company has another block listing facility for 25,000,000 Ordinary Shares, which was dated December 19, 2024.
The company made it clear that it does not hold any Ordinary Shares in Treasury and that it will re-issue shares held in Treasury only at a premium to the net asset value at the time of issue.
This move is part of JPMorgan Global Growth & Income PLC’s strategy to manage its capital and facilitate further growth. The information regarding the share issuance is based on a press release statement and has been distributed by RNS, the news service of the London Stock Exchange (LON:LSEG).
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