Tender Price
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THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION IN WHOLE OR IN PART IN CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE ITS RELEASE, PUBLICATION OR DISTRIBUTION IS OR MAY BE UNLAWFUL.
LEI: 549300YV7J2TWLE7PV84
1 December 2025
Polar Capital Global Healthcare Trust plc (the "Company")
Tender Price
Subsequent to the proposals set out in the Circular to Shareholders published on 22 October 2025 (the "Circular"), which were approved at the General Meeting held on 27 November 2025, the Company today announces the Tender Price at which the Ordinary Shares tendered will be repurchased by the Company.
The number of Ordinary Shares in issue excluding shares held in treasury and therefore available to be tendered was 121,270,000; of these, 27,253,026 shares were validly tendered equating to 22.47% of the issued share capital excluding shares held in treasury.
The Tender Price per Ordinary Share is 425.61 pence, being equal to the NAV per Share as at the close of business on 27 November 2025 less the Tender Offer Expenses per Share.
In accordance with the terms of the proposals and the resolutions passed by Shareholders at the General Meeting, the shares validly tendered will be placed into treasury and will be available for reissue into the market from 2 December 2025. For a short period of time, the price at which such shares may be reissued will be calculated at a premium to the Tender Price but may be at a discount to the NAV.
EXPECTED TIMETABLE OF EVENTS
|
Calculation Date |
Close of business on 27 November 2025 |
|
Announcement of final results of the Tender Offer and the Tender Price |
1 December 2025 |
|
Repurchase of Shares pursuant to the Tender Offer |
2 December 2025 |
|
Tendered Shares available for reissue |
2 December 2025 |
|
CREST accounts credited in respect of Tender Offer proceeds for uncertificated Ordinary Shares |
by 5 December 2025 |
|
Cheques despatched in respect of Tender Offer proceeds for certificated Ordinary Shares |
by 12 December 2025 |
|
Despatch of balancing share certificates (in respect of certificated Shares) for revised, certificated holdings |
by 12 December 2025 |
|
|
|
Each of the times and dates in the expected timetable above may be extended or brought forward without further notice. If any of the above times and/or dates change, the revised time(s) and/or date(s) will be notified to Shareholders by a Regulatory Information Service announcement. All references are to London time (GMT) unless otherwise stated.
The full text of the Proposals and of the resolutions proposed to Shareholders was set out in the Circular to Shareholders dated and published on 22 October 2025, and is available on the Company's website at: https://www.polarcapitalglobalhealthcaretrust.co.uk/.
Capitalised terms shall have the meaning attributed to them in the Circular unless otherwise defined in this announcement.
|
For further information please contact: |
Lisa Arnold - Chair Polar Capital Global Healthcare Trust plc (contact via the Company Secretary)
John 'Reg' Regnier-Wilson / Richard Oates Polar Capital Investment Trust Sales
Alex Collins / Michael Janes / Ashwin Kohli Panmure Liberum Limited Corporate Broker |
Tel. 020 7227 2742
Tel. 020 7227 2725
Tel. 020 3100 2000 |
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