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JPMorgan Global Growth & Income Expands Share Capital

JPMorgan Global Growth & Income Expands Share Capital

JPMorgan Global Growth & Income Expands Capital Base

In a notable move, JPMorgan Global Growth & Income PLC has issued 100,000 new Ordinary Shares at a price of 590.20 pence per share. This step was taken under the company's existing Ordinary Share block listing facility.

Total Shares Issued Surpasses Previous Mark

With this latest issuance, the total number of issued shares for the investment company now stands at an impressive 503,192,308. This figure serves as a crucial reference point for shareholders regarding the required notifications as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Details of Share Reissuance and Holdings

Post issuance, JPMorgan Global Growth & Income PLC reported that 12,824,140 Ordinary Shares remain available in its block listing facility. Notably, the company currently holds no Ordinary Shares in Treasury. Furthermore, it has stated that any shares re-issued from Treasury will only be at a premium to the net asset value at the time of issuance.

Implications for Shareholders

The recent share issuance offers the company an influx of capital, which may be appealing to investors and shareholders alike, as they monitor their stakes in the investment firm. This move highlights JPMorgan's proactive strategy to bolster its financial resources.

Frequently Asked Questions

Why did JPMorgan Global Growth & Income issue new shares?

The decision to issue new shares is aimed at increasing the capital base, which can be beneficial for financing various initiatives.

What is the price per share for the newly issued shares?

The new Ordinary Shares are priced at 590.20 pence each.

How many total shares are now issued by JPMorgan Global Growth & Income?

The total number of issued shares has now reached 503,192,308.

Are there any shares held in Treasury by the company?

Currently, JPMorgan Global Growth & Income PLC does not hold any Ordinary Shares in Treasury.

Will treasury shares be re-issued, and at what terms?

Any shares held in Treasury will be re-issued only at a premium to the net asset value when issued.

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