LONDON – JPMorgan Global Growth & Income PLC has issued 75,000 new Ordinary Shares at a price of 590.60 pence per share today, as part of its block listing facility established on May 24, 2024. This transaction increases the company’s total issued share capital to 503,267,308 Ordinary Shares.
Shareholders can use this updated share capital figure as the denominator for calculations to determine whether they need to disclose their interest in the company, or any changes to it, in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The company has stated it has 12,749,140 Ordinary Shares remaining under the current block listing facility. Furthermore, JPMorgan Global Growth & Income PLC confirmed that it holds no Ordinary Shares in Treasury at present. The company also noted that it will only re-issue shares held in Treasury at a premium to the net asset value at the time of issue.
This equity issue is a routine financial operation, allowing the company to raise capital for further growth and operational activities. It is a common practice among publicly listed companies to issue new shares, especially when they seek to capitalize on favorable market conditions or fund expansions and acquisitions.
Investors and market watchers often pay close attention to such equity issues, as they can influence a company’s stock price and reflect its growth strategy. The issuance of new shares can dilate existing shareholders’ stakes, but it can also provide the company with the necessary funds to pursue opportunities that may enhance shareholder value in the long term.
It’s important to note that this information is based on a press release statement provided by RNS, the news service of the London Stock Exchange (LON:).
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