LONDON - JPMorgan (NYSE:JPM) Global Growth & Income PLC has announced the issuance of 100,000 new Ordinary Shares at a price of 583.00 pence per share, the company said Thursday. The shares were issued for cash under the company’s existing block listing facility dated May 24, 2024.
Following this transaction, the total number of issued shares by the investment trust stands at 511,427,308. This figure is now the reference point for shareholders to determine whether they need to disclose changes in their stake in the company, as per the rules set by the Financial Conduct Authority.
The company also confirmed that it has 4,589,140 Ordinary Shares remaining under the May 2024 block listing facility. Additionally, there is a separate block listing facility for 25,000,000 Ordinary Shares dated December 19, 2024.
JPMorgan Global Growth & Income PLC, which is managed by JPMorgan Funds Limited, does not hold any Ordinary Shares in Treasury currently. The company also stated that shares held in Treasury would only be re-issued at a premium to their net asset value at the time of re-issue.
This move is part of the company's strategy to manage its capital and provide liquidity to its shareholders. Investors use the number of shares outstanding to calculate market capitalization and ownership percentages, and these figures are essential for the assessment of a company's size and the value of its shares.
The information for this report is based on a press release statement provided by RNS, the news service of the London Stock Exchange (LON:LSEG).
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