JPMorgan Global Growth & Income Plc Issues Shares from Treasury
Why we think this is good
The equity raise is a small, routine transaction priced at a premium to the previous closing price, indicating investor demand for the company's shares. The raise is not a significant dilution for existing shareholders, and the purpose appears to be for general corporate purposes rather than a last resort funding.
Key Points
- JPMorgan Global Growth & Income Plc has issued 50,000 new Ordinary Shares from treasury
- The new shares were issued at a price of 517.40 pence per share, a 0.22% premium to the previous closing price
- The raise is a small amount relative to the company's £2.66 billion market capitalization
Summary
JPMorgan Global Growth & Income Plc (JGGI) has issued 50,000 new Ordinary Shares from treasury at a price of 517.40 pence per share, a 0.22% premium to the previous closing price of 516.2623901367188 pence. The raise is a small amount relative to the company's £2.66 billion market capitalization and is likely for general corporate purposes rather than a last resort funding. The premium pricing indicates investor demand for the company's shares.