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Home Business & Finance Stock Market

JPMorgan Global Growth & Income issues new shares at 601.25p By Investing.com todayheadline

January 17, 2025
in Stock Market
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LONDON – JPMorgan Global Growth & Income PLC has announced the issuance of 100,000 new Ordinary Shares at a price of 601.25 pence per share. This transaction, completed today, falls under the company’s existing Ordinary Share block listing facility established on May 24, 2024.

The addition of these shares brings the total issued share capital of the company to 512,952,308. Shareholders can use this figure as the denominator for the calculations needed to determine whether they must notify their interest in the company, or any changes to it, as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

After this issuance, JPMorgan Global Growth & Income PLC retains 3,064,140 Ordinary Shares under the mentioned block listing facility. Furthermore, the company has another block listing facility for 25,000,000 Ordinary Shares that was dated December 19, 2024.

It is important to note that the company does not hold any Ordinary Shares in Treasury. Moreover, it has committed to re-issuing any shares held in Treasury only at a premium to the net asset value at the time of issue.

This recent development in the company’s share structure is based on a press release statement provided by the news service of the London Stock Exchange (LON:).

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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