LONDON – JPMorgan Global Growth & Income Plc has issued 100,000 new Ordinary Shares at a price of 588.00 pence per share, the company disclosed Wednesday. The shares were sold for cash under the block listing facility established on May 24, 2024.
The transaction has increased the company’s total issued share capital to 504,067,308 Ordinary Shares. This total share count is now the reference for shareholders to determine their percentage holdings and whether they need to disclose changes in their interest in the company, as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
Following this issue, JPMorgan Global Growth & Income Plc has 11,949,140 Ordinary Shares remaining under the current block listing facility. The company has stated that it does not hold any Ordinary Shares in Treasury. Moreover, it has committed to re-issuing shares held in Treasury only at a premium to the net asset value at the time of issue.
The issuance of shares for cash is a common practice for companies seeking to raise capital. The funds obtained from such transactions can be used for various purposes, including financing growth initiatives, paying down debt, or other corporate activities. Shareholders and potential investors often monitor these issuances closely as they can affect the value of existing shares.
The information about the share issuance is based on a press release statement provided by RNS, the news service of the London Stock Exchange (LON:), and is approved by the Financial Conduct Authority in the United Kingdom (TADAWUL:).
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