15 June 2016
SENECA GLOBAL INCOME & GROWTH TRUST PLC
Block Listing Application
The Board announces that applications have been made to the UK Listing Authority and the London Stock Exchange for the block listing of 3,989,636 new ordinary shares of 25p each in the capital of the Company ("Ordinary Shares"). This block listing will be used for the purposes of operating the Company's discount (and premium) control mechanism policy, details of which were announced by the Company on 10 June 2016 and are included in the Company's annual report and accounts for the year ended 30 April 2016. It is expected that this block listing will become effective at 8.00 a.m. on 20 June 2016.
Any Ordinary Shares issued in connection with this block listing application:
· will be issued at prices which shall be a premium to latest net asset value per Ordinary Share prior to the issue and, therefore, will not result in any dilution of the net asset value per existing Ordinary Share;
· will rank, when issued, pari passu with the Ordinary Shares already in issue.
Enquiries
Peter Elston |
Seneca Investment Managers Limited |
0151 906 2470 |
Martin Cassels |
R&H Fund Services Limited |
0131 550 3760 |