JPMorgan Global Growth & Income PLC Issues Shares from Treasury

Why we think this is good

The equity raise by JPMorgan Global Growth & Income PLC appears to be a routine, non-dilutive transaction conducted at a very small discount to the current market price. This suggests strong investor demand for the company's shares and prudent capital management by the investment trust.

Key Points

JPMorgan Global Growth & Income PLC has issued 100,000 new Ordinary Shares from treasury
The new shares were issued at a price of 511.20 pence per share, a 0.04% discount to the previous closing price of 511 pence
The raise amount is relatively small, equivalent to 0.019% of the company's total issued share capital
The company's policy is to only re-issue shares held in treasury at a premium to net asset value

Summary

The investment trust has issued 100,000 new shares from treasury at a 0.04% discount to the previous closing price, raising additional capital for general corporate purposes.

JPMorgan Global Growth & Income PLC has announced the issue of 100,000 new Ordinary Shares from treasury at a price of 511.20 pence per share, representing a 0.04% discount to the previous closing price of 511 pence. The raise amount is relatively small, equivalent to only 0.019% of the company's total issued share capital. The purpose of the raise is not explicitly stated, but the company's policy of only re-issuing shares from treasury at a premium to net asset value is a positive sign of prudent capital management.

PLACING

JGGI