JPMorgan Global Growth & Income Issues New Shares Successfully
JPMorgan Global Growth & Income PLC Issues New Ordinary Shares
JPMorgan Global Growth & Income PLC has successfully issued 100,000 new Ordinary Shares at a price of 601.25 pence each. This strategic move supports the company's capital structure and was announced recently.
Details of the Share Issuance
This latest issuance contributes to an increase in the total issued share capital of the investment trust, now totaling 512,852,308 Ordinary Shares. Shareholders can use this new total as a reference point for understanding their notification obligations regarding changes in ownership interests, following the guidelines set by the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Remaining Shares Under Block Listing Facility
As a result of this transaction, JPMorgan Global Growth & Income PLC has 3,164,140 Ordinary Shares still available under its block listing facility established in May. This helps ensure that the company maintains sufficient liquidity in the market for current and potential investors.
Separate Block Listing Facility
Additionally, there exists a separate block listing facility for 25,000,000 Ordinary Shares, which was initiated in December. This approach reflects the company’s continued commitment to capital management.
Management of Treasury Shares
Currently, the company has confirmed that it does not possess any Ordinary Shares in Treasury. It has communicated that shares held in Treasury would only be re-introduced to the market at a price above the net asset value at the time of issuance. This ensures that any re-issuance is performed under favorable terms for the shareholders.
Ensuring Market Liquidity
This issuance is part of JPMorgan Global Growth & Income PLC's broader strategy aimed at efficiently managing its capital and ensuring liquidity within the financial market. By taking these measures, the company is well-positioned to respond to market dynamics and continue to satisfy the needs of its shareholders.
Frequently Asked Questions
What is the purpose of the new share issuance by JPMorgan?
The new share issuance aims to enhance capital management and provide greater market liquidity for investors.
How many Ordinary Shares has JPMorgan issued recently?
JPMorgan has issued 100,000 new Ordinary Shares at a price of 601.25 pence each.
What is the total issued share capital after this issuance?
The total issued share capital after the issuance is now 512,852,308 Ordinary Shares.
Are there any shares held in Treasury by JPMorgan?
No, JPMorgan Global Growth & Income PLC does not currently hold any Ordinary Shares in Treasury.
What happens to Treasury shares if they are issued?
Any shares held in Treasury are expected to be re-issued only at a premium to their net asset value at the time of issue.
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