Last checked at 28 Jan 2022 11:12
Polar Capital Global Financials Trust plc
Legal Entity Identifier: 549300G5SWN8EP2P4U41
28 January 2022
Block Listing Application
Application has been made to the Financial Conduct Authority and the London Stock Exchange for 28,403,000 Ordinary Shares of 5p each ("Shares") to be admitted to the Official List under an Ordinary Share Block Listing Facility.
The Shares may be issued under the block listing to satisfy demand that cannot be met through the secondary market, and the proceeds of share issuance under the block listing will be used for investment in accordance with the Company's investment policy. The Shares, for which application is being made, are additional to the existing Ordinary Share Block Listing Facility of 1,045,000.
On 14 January 2022, the Company published a circular (the "Circular") convening a general meeting (the "General Meeting") to be held on 1 February 2022 giving shareholders the opportunity to vote on an authority to allot up to 10 per cent. of the Company's issued share capital at the date of the General Meeting on a non-pre-emptive basis.
The 28,403,000 Shares to be block listed may be issued conditional upon the passing of the resolutions at the General Meeting detailed above. If issued the new Shares will rank pari passu with the existing Shares in issue.
The block listing is expected to become effective at 8:00 a.m. on 2 February 2022.
For further information, please contact:
Tracey Lago, FCG
Company Secretary
Polar Capital Global Financials Trust plc
020 7227 2700