Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Completion of Tender Offer

24th Jun 2025 15:54

RNS Number : 2335O
Polar Capital Global Financials Tst
24 June 2025
 

Polar Capital Global Financials Trust plc (the "Company")

Legal Entity Identifier: 549300G5SWN8EP2P4U41

 

24 June 2025

 

Completion of Tender Offer

 

Further to the announcement made on 20 June 2025, the Board of the Company now confirms that all processes have been completed.

 

The 132,912,988 Ordinary Shares tendered have been bought back via Stifel into the Company's treasury account. Proceeds from the Tender Offer, at the Tender Price as announced on 20 June 2025 of 209.43 pence per Ordinary Share, will now be transmitted to those Shareholders who tendered at the Record Date, in accordance with the timetable, by 1 July 2025. No Ordinary Shares were sold under the Secondary Placing. 

 

Under the Company's Articles the Company has to make its next 100 per cent. tender offer on or around 30 June 2030.

 

The issued share capital of the Company remains at 331,750,000 Ordinary Shares of 5p per share; following the above purchase into treasury, the Company has 161,443,623 shares in treasury and the total voting rights and the figure to be used as the denominator for calculations of interests in the Company's voting rights is 170,306,377 shares.

 

Capitalised terms shall have the meaning attributed to them in the Circular dated 14 May 2025 unless otherwise defined in this announcement.

 

For further information, please contact:

 

Simon Cordery

Edward Gibson-Watt

Polar Capital Global Financials Trust plc

Chair

(contact via the Company Secretary)

Stifel Nicolaus Europe Limited

Corporate Broker

 

Tel. 020 7227 2742

Tel. 020 7663 3227

John 'Reg' Regnier-Wilson / Richard Oates

Ed Gascoigne-Pees / Phoebe Pugh

Polar Capital

Investment Trust Sales

 

Camarco

PR

Tel. 020 7227 2725

Tel. 020 3757 4980

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
TENKZGZVDDZGKZM

Related Shares:

Polar Cap Gbl
FTSE 100 Latest
Value8,798.78
Change-24.42