JPMorgan Global Growth & Income PLC Issues New Shares Today
JPMorgan Global Growth & Income PLC Issues New Shares
Recently, JPMorgan Global Growth & Income PLC announced the issuance of 75,000 Ordinary Shares priced at 592.30 pence each. This action is part of a continuing block listing facility, which was initially established on May 24, 2024. This strategic move exemplifies the company's ongoing efforts to enhance its capital base for investment opportunities.
Current Share Capital Status
As a result of this latest share issuance, the total issued share capital of the investment trust now stands at 512,227,308 shares. This figure is significant for shareholders as it serves as the denominator for notifications under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. Keeping track of the total issued share capital is crucial for both current and prospective investors.
Remaining Ordinary Shares Under Block Listing
The company has reported it still holds 3,789,140 Ordinary Shares available under the block listing facility established on May 24, 2024. Additionally, an upcoming separate block listing facility for 25,000,000 Ordinary Shares is set for December 19, 2024. These provisions allow for orderly and regulated capital raising efforts.
Policy on Share Issuance and Re-Issuance
JPMorgan Global Growth & Income PLC states it currently holds no Ordinary Shares in Treasury. The policy set forth by the company mandates that any shares held in Treasury will be re-issued only at a premium to the net asset value at the time of the issue. This practice is aimed at preserving value for shareholders and ensuring that capital raises occur with respect to shareholder interests.
Investment Strategy and Transparency
The equity issuance aligns with JPMorgan's broader strategy of raising capital for investment purposes. The disclosure of this transaction adheres to the regulatory requirements and enhances transparency for investors. By openly communicating changes in its capital structure, the company fosters a trustworthy relationship with its shareholders.
Frequently Asked Questions
What shares did JPMorgan Global Growth & Income PLC issue?
JPMorgan Global Growth & Income PLC issued 75,000 Ordinary Shares at a price of 592.30 pence each.
How many shares are currently outstanding for JPMorgan Global?
The total issued share capital now amounts to 512,227,308 shares.
What is the block listing facility for JPMorgan Global?
The block listing facility allows the company to issue shares, with 3,789,140 Ordinary Shares still available under the current facility and a separate facility for an additional 25,000,000 shares set for December 2024.
Does JPMorgan hold any shares in Treasury?
No, JPMorgan Global Growth & Income PLC does not hold any Ordinary Shares in Treasury at this time.
What is the company's policy on re-issuing Treasury shares?
The company has a policy to re-issue shares held in Treasury only at a premium to the net asset value at the time of the issue.
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