LONDON – JPMorgan Global Growth & Income PLC has announced the issuance of 50,000 ordinary shares at a price of 584.50 pence per share. This transaction took place today under the Company's common stock listing facility established on May 24, 2024.
Following this issuance, the total number of shares issued by the company now stands at 510,627,308. Shareholders can use this number as a denominator for calculations to determine whether they need to disclose changes to their contributions in accordance with the FCA's disclosure guidelines and transparency rules.
The Company also confirmed that it has 5,389,140 ordinary shares remaining under its existing listing facility, and an additional block listing facility of 25,000,000 shares on December 19, 2024. It was noted that JPMorgan Global Growth & Income PLC does not hold any shares in treasury and has a policy of reissuing shares held in treasury. Only at a premium to its net asset value at the time of issuance.
Issuing shares is a common practice for companies seeking to raise capital. In this case, the company can use the capital raised through the issue to achieve its investment objectives, although the specific use of the proceeds is not detailed in the press release.
The information disclosed is based on a press release issued by the company, which serves as the main source of information. It is a standard procedure for listed companies London Stock Exchange (LON:) to announce such transactions to keep the market informed and maintain transparency with shareholders and potential investors.
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