Net Asset Value(s)

RNS Number : 1802L

Polar Capital Global Financials Tst

28 April 2020

 

POLAR CAPITAL GLOBAL FINANCIALS TRUST PLC

Legal Entity Identifier: 549300G5SWN8EP2P4U41

28 April 2020

Continuing Shareholders - Net Asset Value

As at the close of business on 27 April 2020 the unaudited net asset value per ordinary share, calculated in accordance with the guidelines of the Association of Investment Companies, was 106.38p (cum income). For the avoidance of doubt, this net asset value per ordinary share has been calculated on the basis of an issued share capital of 123,270,765, being the estimated issued share capital (excluding shares held in treasury) following completion of the tender offer repurchase.

Tendering Shareholders - Tender Price

As announced earlier on 24 April 2020, the Tender Price per Ordinary Share tendered is 102.02 pence, being equal to the prevailing Net Asset Value per Ordinary Share as at the close of business on 22 April 2020 less costs applicable to exiting shares (determined and allocated to Shareholders participating in the Tender Offer in accordance with the terms of the Circular).

In accordance with the terms of the Tender Offer, 79,159,235 Ordinary shares will be purchased by Investec Bank plc on or around 28 April 2020 and all such shares will then be repurchased by the Company pursuant to the Repurchase Agreement and placed into treasury.

Capitalised terms used, but not defined, in this announcement have the same meaning as given in the Circular.

-  ENDS -

For further information, please call:

Rory Priestley

Investment Trust Operations Department

Polar Capital Partners Limited

Tel: [phone]

 

END

 

 

NAVPPUWUCUPUGGR