LONDON - JPMorgan Global Growth & Income Plc has expanded its share capital by issuing 50,000 new Ordinary Shares at a price of 579.20 pence each, the company announced today. This transaction was conducted under the firm’s Ordinary Share block listing facility, which was established on May 24, 2024.
Following this issuance, the total number of issued shares for the investment firm stands at 510,452,308. This number serves as a reference for shareholders when reporting their holdings or changes to their holdings to comply with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The company confirmed that it has an additional 5,564,140 Ordinary Shares available under the existing block listing facility, and it has introduced a new block listing facility for 25,000,000 shares as of today. These facilities enable JPMorgan Global Growth & Income Plc to issue shares more efficiently without the need for immediate regulatory announcements for each issuance.
It was also noted that the company does not have any shares held in Treasury. In line with its policy, any shares re-issued from Treasury would be sold at a premium to the net asset value at the time of the transaction.
This latest share issuance is part of JPMorgan Global Growth & Income Plc’s strategy to raise capital for investment opportunities and operational purposes. The company, which operates within the financial services industry, provides a variety of investment products and services to its clients.
The information regarding this equity issue is based on a press release statement provided by RNS, the news service of the London Stock Exchange (LON:LSEG). The company’s secretary, Divya Amin of JPMorgan Funds Limited, was listed as the contact for the announcement. However, no further details regarding the use of proceeds from the share issue were disclosed in the press release.
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