Net Asset Value(s)

RNS Number : 3728I

Polar Cap Gbl Healthcare Growth&IT

16 June 2017

 

POLAR CAPITAL GLOBAL HEALTHCARE GROWTH AND INCOME TRUST PLC

Legal Entity Identifier: 549300YV7J2TWLE7PV84

16 June 2017

Net Asset Value

As at close of business on 15^th June 2017 the unaudited net asset value per ordinary share, calculated in accordance with the guidelines of the Association of Investment Companies, was 211.16p (cum income).

The net asset value for the Company shown above includes provision for the quantified expenses of £1.04 million incurred by the Company in connection with proposals detailed in the shareholder circular published on 12 May 2017. 

Based on the above, the Tender Price and Issue Price (as detailed in the shareholder circular published on 12 May 2017) are as follows:    

Tender Price

The Tender Price at which Ordinary Shares will be repurchased by the Company will be 211.16 pence per Ordinary Share.

Issue Price

The price at which the New Ordinary Shares will be issued under the Share Issue will be 213.80 pence per New Ordinary Share, being the net asset value plus 1.25 per cent. commission.

A further announcement of the results of the Share Issue is expected shortly.

Save for expressions defined in this announcement, words and expressions defined in the Prospectus and Circular both published on 12 May 2017, shall have the same meaning in this announcement. The Prospectus and Circular are available on the Company's website which is located at www.polarcapitalhealthcaretrust.com.

For further information, please contact:

Polar Capital LLP

John Regnier-Wilson

Telephone: [phone]

Email: [e-mail]

Panmure Gordon 

Paul Fincham/Phil Hopkins

Telephone: [phone] 886 2718

Email: [e-mail]; [e-mail]

Important Information

Panmure Gordon (UK) Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting for the Company and for no-one else in connection with the matters referred to in this announcement, and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Panmure Gordon (UK) Limited nor for providing advice in connection with the contents of this announcement or any other matter referred to herein. Panmure Gordon (UK) Limited is not responsible for the contents of this announcement. This does not exclude or limit any responsibilities which Panmure Gordon (UK) Limited may have under the Financial Services and Markets Act 2000 or the regulatory regime established thereunder.

 

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