LONDON – JPMorgan Global Growth & Income PLC issued 50,000 new Ordinary shares at a price of 577.00 pence per share, as announced on Thursday. This release is part of the company's block list structure set for May 24, 2024.
The transaction results in an increase in the total share capital of the investment trust to 510,127,308 Common shares. Shareholders can use this number as a minimum number in calculating whether they need to report changes in their shareholding in the company, in accordance with the Financial Conduct Authority's Disclosure Guidelines and Transparency Rules.
With this new issuance, JPMorgan Global Growth & Income PLC has 5,889,140 Common Shares outstanding under the current block list. In addition, the company established an additional block listing of 25,000,000 Common shares on December 19, 2024.
The Company has confirmed that it does not hold any Ordinary Shares in the Treasury and has a policy of re-issuing shares held in the Treasury only at the value of the remaining assets at the time of issuance.
The move comes as part of the company's strategy to manage its capital position and provide liquidity to the market. By issuing new shares, the company can attract new investors and provide existing shareholders with opportunities to diversify their investments.
Information about this equity issue is based on a press report and is officially provided by RNS, the news service of . London Stock Exchange (LON:).
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