JPMorgan Global Growth & Income Issues New Shares to Boost Capital
Latest Share Issuance by JPMorgan Global Growth & Income
JPMorgan Global Growth & Income Plc has made headlines with its recent issuance of 200,000 Ordinary Shares priced at 580.30 pence each. This strategic move, announced by the company, signifies an essential step in bolstering its capital.
Understanding the Share Capital Increase
The company’s total issued share capital has now reached a notable 511,227,308 shares. This increase is crucial, as it serves as a reference point for shareholders to assess whether they need to disclose any alterations in their stakes according to the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Remaining Shares Under Block Listing
Following this issuance, there are still 4,789,140 Ordinary Shares available under the block listing facility established on May 24, 2024. Notably, the company has also created a separate block listing facility for an additional 25,000,000 Ordinary Shares that is dated December 19, 2024.
Share Policy and Treasury Holdings
The company has confirmed that it currently holds no Ordinary Shares in Treasury. Aligning with its established policy, shares held in Treasury will be re-issued only at a premium relative to the net asset value at the time of issue.
Strategic Intent Behind the Issuance
This share issuance is part of JPMorgan Global Growth & Income Plc's broader strategy to raise capital. However, the company has not provided specific details regarding the intended use of the proceeds from this issuance, which keeps investors curious about future developments.
Role of JPMorgan Funds Limited
The information about this announcement is derived from a statement made available by JPMorgan Funds Limited, which serves as the company secretary. This communication has been disseminated through RNS, the dedicated news service of the London Stock Exchange.
Frequently Asked Questions
What is the purpose of the new share issuance?
The new share issuance aims to raise capital for JPMorgan Global Growth & Income Plc as part of its financial strategy.
How many shares have been issued in total?
A total of 200,000 Ordinary Shares have been issued at a price of 580.30 pence each.
What is the current total issued share capital?
The total issued share capital now stands at 511,227,308 shares following the recent issuance.
Are there any Ordinary Shares held in Treasury?
No, the company has confirmed that it holds no Ordinary Shares in Treasury.
When was the block listing facility established?
The block listing facility was established on May 24, 2024, and allows for the availability of remaining Ordinary Shares.
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