JPMorgan Global Growth Announces New Share Issuance Details
JPMorgan Global Growth & Income PLC Introduces New Shares
JPMorgan Global Growth & Income PLC has recently announced the issuance of 125,000 Ordinary Shares valued at 611 pence each. This issuance is significant for the company, reflecting its ongoing capital strategies.
Details of the Share Issuance
The new ordinary shares are issued under the company's established Ordinary Share block listing facility. Following this latest transaction, the total issued share capital now amounts to 513,927,308 shares. Shareholders should take note of this figure, as it serves as a critical reference point for reporting any changes in their shareholdings in compliance with regulatory guidelines.
Remaining Shares Under Block Listing
After this latest issuance, JPMorgan Global Growth has 2,089,140 Ordinary Shares still available under the earlier mentioned block listing facility. Furthermore, a distinct block listing facility allows for an additional 25,000,000 Ordinary Shares, with its establishment date set for December 19, 2024.
Current Treasury Shares and Policies
It is important to highlight that currently, JPMorgan Global Growth & Income PLC does not hold any Ordinary Shares in Treasury. The company's policy stipulates that any re-issuance of Treasury shares must occur at a premium compared to the net asset value at the time.
Strategic Motivation Behind Issuance
This issuance aligns with the company’s broader strategy to generate capital, supporting its ongoing growth initiatives. The details of the issuance were confirmed by Divya Amin, the company secretary from JPMorgan Funds Limited. The information has been efficiently communicated through RNS, operating as a recognized news service.
Market Regulation and Oversight
The entire procedure is under the regulation of the Financial Conduct Authority, which oversees compliance within the financial sector in relevant markets. This regulatory framework is crucial for maintaining transparency and upholding investor confidence in the company's operations.
Frequently Asked Questions
What prompted JPMorgan Global Growth to issue new shares?
The new share issuance is part of JPMorgan Global Growth & Income PLC's strategy to raise capital for its ongoing financial requirements.
How many Ordinary Shares are currently outstanding?
With the new issuance, the total issued share capital of the company now stands at 513,927,308 Ordinary Shares.
Are any shares held in Treasury?
No, JPMorgan Global Growth does not currently hold any Ordinary Shares in Treasury.
When was the last block listing facility established?
The previous block listing facility was established on May 24, 2024.
Who confirmed the details of the share issuance?
The transaction details were confirmed by Divya Amin, the secretary of JPMorgan Funds Limited.
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