Final Exercise of Subscription Shares

RNS Number : 5160Z

Polar Cap Gbl Healthcare Growth&IT

06 February 2014

 



POLAR CAPITAL GLOBAL HEALTHCARE GROWTH AND INCOME TRUST PLC ("the Company")

FURTHER RE FINAL EXERCISE OF SUBSCRIPTION SHARES and ISSUE OF ORDINARY SHARES

6 February 2013

Further to the announcement on 3 February 2014, the Company has been informed by the Subscription Trustee that it is exercising all of the 2,593,864 outstanding subscription rights on the same terms. Subscription Shareholders on whose behalf the Trustee has exercised rights and is selling the resulting Ordinary Shares will receive the net proceeds of such sale after deduction of the Subscription price of 100p together with all associated fees, costs and expenses plus brokerage commission. Net proceeds should be paid in the week commencing 24 February 2014 provided that aggregate entitlements per holder of under £5.00 shall be retained for the benefit of the Company.

The Company has applied for the listing of such new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares, on the Official List of the UK Listing Authority and for such shares to be admitted to trading on the London Stock Exchange's Main Market.

Following the issue of new Ordinary Shares described above, the Company's issued share capital consists of 122,650,000 Ordinary Shares, with each share carrying the right to one vote, and no Subscription Shares.  

After deducting the, 100,000 ordinary shares held in treasury by the company, the total number of voting rights in the Company is therefore 122,550,000. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

N P Taylor

Company Secretary

Polar Capital Global Healthcare Growth and Income Trust plc

Telephone number 020 7227 2700

 

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