LONDON - JPMorgan (NYSE:JPM) Global Growth & Income PLC has issued 100,000 new Ordinary Shares at a price of 607 pence per share, the company announced on Wednesday. This transaction is part of an existing Ordinary Share block listing facility established on May 24, 2024.
Following this issuance, JPMorgan Global's total issued share capital has risen to 513,752,308 Ordinary Shares. Shareholders can use this figure as the denominator for the calculations needed to determine whether they must notify their interest in the company or any changes to it, as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The company has confirmed it has 2,264,140 Ordinary Shares remaining under the current block listing facility, and additionally, there is a separate block listing facility for 25,000,000 Ordinary Shares dated December 19, 2024. JPMorgan Global Growth & Income PLC does not hold any Ordinary Shares in Treasury and has stated that it will re-issue shares held in Treasury only at a premium to the net asset value at the time of issue.
This move to issue new shares for cash is part of the company's strategy to raise capital. The London Stock Exchange (LON:LSEG) received this information through RNS, the exchange's news service, which is authorized by the Financial Conduct Authority in the UK.
Investors may consider this development when assessing their holdings or potential interest in JPMorgan Global Growth & Income PLC. The company's share capital expansion is a factual statement based on the press release issued by the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.