Intention to Raise Equity

RNS Number : 5192N
Baillie Gifford China Grwth TrstPLC
01 February 2021
 

1 February 2021

 

Baillie Gifford China Growth Trust plc

 

Legal Entity Identifier: 213800KOK5G3XYI7ZX18

 

Intention to raise equity

 

The Board of Baillie Gifford China Growth Trust plc (the "Company") is pleased to announce it is contemplating an equity raise in response to strong demand for the Company's shares.

 

Since seeking Shareholder approval on 9 November 2020 to renew the authorities to allot an additional 20% of the Company's issued share capital (as at 5 November 2020), the Board is mindful that this authority alone may not be sufficient to satisfy the continued demand for the Company's shares. It is envisaged that an equity raise would help satisfy further market demand and support the Company's growth.

 

Further details will be announced in due course.

 

Baillie Gifford & Co Limited

 

Company Secretaries


1 February 2021

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 rns@lseg.com 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
 
 
IOEVFLBBFLLXBBQ

Companies

Baillie Gifford China Growth Trust (BGCG)
UK 100
FTSE quotes by TradingView

Latest directors dealings

All directors dealings today