1st Feb 2022 14:36
Polar Capital Global Financials Trust PLC - London-based financial investor - Raises GBP29.4 million through issue of 16.9 million shares at 174.31 pence each. The price was a premium of 1.5% to its net asset value at close of business on Monday. The new shares will represent 5.4% of its enlarged share capital.
It will use the net proceeds to invest further into global financial sector. Stifel Nicolaus Europe Ltd acted as sole bookrunner. Polar Capital said it has the authority to issue a further 361.1 million shares, if there is continued demand in the market.
Current stock price: 175.63 pence, down 0.2% on Tuesday
12-month change: up 58%
By Elizabeth Winter; [email protected]
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