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GOOD

JPMorgan Global Growth & Income PLC Issues Shares from Treasury

Why we think this is good

The equity raise by JPMorgan Global Growth & Income PLC is a relatively small transaction, with the new shares issued at a minimal 0.63% discount to the previous closing price. This suggests strong market appetite for the company's shares and indicates the raise is likely for general corporate purposes rather than a last resort funding. The dilution impact for existing shareholders is also limited due to the small raise size. Overall, the transaction appears to be a routine, well-managed capital management exercise that does not raise significant concerns.

Key Points

  • Issue of 50,000 Ordinary Shares from treasury
  • Raise price of 511.00 pence per share, 0.63% discount to previous close
  • Small raise size relative to total shares outstanding
  • Likely for general corporate purposes rather than last resort funding
  • Limited dilution impact for existing shareholders

Summary

The investment trust has issued a small number of new shares from treasury at a minimal discount, suggesting strong market demand.

JPMorgan Global Growth & Income PLC has announced the issue of 50,000 Ordinary Shares from treasury at 511.00 pence per share, a 0.63% discount to the previous closing price. The raise amount is relatively small compared to the company's total issued share capital, and the minimal discount indicates strong market appetite for the shares. The purpose of the raise is not explicitly stated, but it is likely for general corporate purposes rather than a last resort funding. The dilution impact for existing shareholders is expected to be limited.

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