LONDON – JPMorgan Global Growth & Income PLC has expanded its share capital by issuing 50,000 new ordinary shares at a price of 607 pence per share. This issue was made today under the company’s existing listing block established on May 24, 2024.
After this transaction, the total number of issued shares of the investment trust is 513,802,308. Shareholders can use this figure as a denominator for calculations required to determine whether they need to disclose changes in their shareholding under the Financial Conduct Authority’s Disclosure Guidelines and transparency rules.
The company announced that it still has 2,214,140 common shares available for issuance under the block listing option on May 24, 2024. In addition, there is a separate block listing option for 25,000,000 ordinary shares dated December 19, 2024.
JPMorgan Global Growth & Income PLC, which operates as a closed-end investment trust, does not currently hold any common shares in treasury. Moreover, the company stated that any shares held in treasury will only be reissued at a premium to their net asset value at the time of issuance.
This latest share issue is part of the company’s ongoing capital management strategy, providing investors with the opportunity to invest in a diversified global portfolio with the aim of achieving capital growth and income.
Information on the issue of shares comes from the press release of RNS, the information service London Stock Exchange (LON:) and is approved by the Financial Conduct Authority in the United States Kingdom (TADAVUL:).
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