Final Exercise of Subscription Shares

RNS Number : 9371M

Polar Capital Global Financials Tst

03 August 2017

 

POLAR CAPITAL GLOBAL FINANCIALS TRUST PLC

Legal Entity Identifier: 549300G5SWN8EP2P4U41

FURTHER RE FINAL EXERCISE OF SUBSCRIPTION SHARES and ISSUE OF ORDINARY SHARES

3 August 2017

Further to the announcement on 1 August 2017, the Company has been informed by the Subscription Trustee that it is exercising all of the 5,647,277 outstanding subscription rights on the same terms. Subscription Shareholders, on whose behalf the Trustee has exercised rights and is selling the resulting Ordinary Shares, will receive the net proceeds of such sale after deduction of the Subscription price of 115p together with all associated fees, costs and expenses plus brokerage commission. Net proceeds should be paid in the week commencing 14 August 2017 provided that aggregate entitlements per holder of under £5.00 shall be retained for the benefit of the Company.

The Company has applied for the listing of such new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares, on the Official List of the UK Listing Authority and for such shares to be admitted to trading on the London Stock Exchange's Main Market. It is expected that such admission will take place on 7 August 2017.

Following the issue of new Ordinary Shares described above, the Company's issued share capital will consist of 202,775,000 Ordinary Shares, with each share carrying the right to one vote, and no Subscription Shares.  This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

T Lago

Company Secretary

Polar Capital Global Financials Trust PLC

Telephone [phone]

 

END

 

 

MSCZMGGRDZGGNZM