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LONDON - JPMorgan Global Growth & Income PLC has announced the issuance of 100,000 Ordinary Shares at a price of 605.70 pence per share. This transaction took place today under the company’s existing Ordinary Share block listing facility established on May 24, 2024.
The company’s total issued share capital now stands at 514,602,308 following this latest share issue. Shareholders can use this number as the denominator for calculating notifications of interest or changes to their interest in the company, as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
JPMorgan Global Growth & Income PLC has reported that 1,414,140 Ordinary Shares remain available under the May 24, 2024 block listing facility. Additionally, there is another block listing facility for 25,000,000 Ordinary Shares dated December 19, 2024.
The company has confirmed that it does not hold any Ordinary Shares in Treasury. Furthermore, it has stated that any shares held in Treasury would only be re-issued at a premium to the net asset value at the time of issue.
This move by JPMorgan Global Growth & Income PLC is part of their capital management strategy and provides investors with an opportunity to increase their investment in the company. The issuance of shares is a common practice for companies seeking to raise capital for various corporate purposes, including funding operations, investment opportunities, or paying down debt.
The information regarding this share issuance is based on a press release statement provided by RNS, the news service of the London Stock Exchange (LON:LSEG).
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