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JPMorgan Global Growth & Income Plc Issues Shares from Treasury

Why we think this is good

The equity raise announced by JPMorgan Global Growth & Income Plc is a relatively small and routine transaction, with a minimal discount to the previous closing price. This suggests strong investor demand for the company's shares and that the raise is not a last resort funding measure. The limited size of the raise and the company's policy of only re-issuing treasury shares at a premium to net asset value are positive signs.

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 515.50 pence per share, a 0.15% discount to the previous closing price
  • The raise amount is small, representing only 0.01% of the company's total issued share capital
  • The company will only re-issue treasury shares at a premium to net asset value

Summary

The investment trust has issued 50,000 new shares from treasury at a small 0.15% discount, indicating solid investor appetite.

JPMorgan Global Growth & Income Plc has announced the issue of 50,000 Ordinary Shares from treasury at a price of 515.50 pence per share, representing a 0.15% discount to the previous closing price of 516.2623901367188 pence. The raise amount is relatively small, at only 0.01% of the company's total issued share capital of 515,968,903 shares. The company states it will only re-issue shares held in Treasury at a premium to net asset value, which is a positive sign.

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