Posting of General Meeting Circular

RNS Number : 2789A

F&C Global Smaller Companies PLC

17 February 2014

 



F&C Global Smaller Companies plc

17 February 2014

Posting of a Circular convening a General Meeting

In order to meet the continuing demand for shares in F&C Global Smaller Companies plc (the "Company"), the Board of directors of the Company is seeking an early renewal of its authority to issue further shares for cash on a non pre-emptive basis.

Accordingly, the Company has today published a circular convening a general meeting (the "General Meeting") to be held at 9.30 a.m. on 6 March 2014 at Exchange House, Primrose Street, London EC2A 2NY.

At the General Meeting, resolutions will be put to shareholders to give the Board authority to allot new shares amounting to up to approximately 10 per cent. of the issued share capital and to disapply the rights of pre-emption in relation to the allotment of these shares.

The Board will only issue new shares at a premium to net asset value, to meet demand from investors and when the Board believes it is advantageous to the Company's shareholders to do so. The renewal of the authorities will continue to allow the resale of shares from treasury. However, as at the date of this announcement, no shares are held in treasury.

The Company will seek to issue a prospectus as and when required under the Prospectus Rules.

Copies of the circular have been submitted to the Financial Conduct Authority, and will be available for inspection at the National Storage Mechanism which is located at http://www.morningstar.co.uk/uk/nsm.do.

All enquiries

Hugh Potter/Jan Baker, F&C Management Limited
Tel.: [phone]

 

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