REG - Franklin Global Tst - Result of General Meeting

Franklin Global TrustAnnouncement

18/02/2026 12:00

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RNS Number : 5380T  Franklin Global Trust PLC  18 February 2026

18 February 2026

 

Franklin Global Trust plc

 

Legal Entity Identifier: 549300RKB85NFVSTBM94

 

Results of First General Meeting

 

In connection with the proposals for the scheme of reconstruction and members'
voluntary winding-up of Franklin Global Trust plc (the Company or FRGT) under
section 110 of the Insolvency Act 1986 (the Proposals), the Board is pleased
to announce that the Resolutions which were put forward at the First General
Meeting held today, and were each voted on by way of a poll, have been
approved by Shareholders.

 

The results of the polls were as follows:

 RES.                                                                            VOTES FOR (INCLUDING DISCRETIONARY)  %      VOTES AGAINST  %     VOTES TOTAL  % ISC REPRESENTED BY TOTAL VOTES CAST(1)  VOTES WITHHELD

 NO.
 1. To approve the reclassification of the shares in the capital of the Company  15,952,344                           99.72  45,257         0.28  15,997,601   33.28                                     36,000
 as shares with "A" rights and shares with "B" rights and to approve changes
 required to the Company's articles of association.
 2. To approve the Scheme; further amend the Company's articles of association   15,955,390                           99.66  54,847         0.34  16,010,237   33.30                                     23,364
 in order to implement the Scheme; and to instruct the Liquidators to give
 effect to the Scheme.

(1)As a percentage of total voting rights

 

For the purposes of section 341 of the Companies Act 2006, the votes validly
cast are expressed in the table above as a percentage of the Company's total
voting rights as at 6.00 p.m. on 16 February 2026 (48,072,208), being the
time at which a shareholder had to be registered in the Register of Members in
order to vote at the First General Meeting.  A vote "withheld" is not a vote
in law and has not been counted as a vote "for" or "against" a resolution.

 

The number of Shares in issue at the date of this announcement is 98,675,907.
There are 50,603,699 Shares held in treasury. Therefore, as at the date of
this announcement the number of voting rights in the Company are 48,072,208.

 

The full text of the Resolutions can be found in the notice of First General
Meeting contained in the Company's circular to Shareholders dated 21 January
2026 (the Circular). The Circular is available for viewing at the National
Storage Mechanism which can be located
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)  and on the
Company's website at https://www.franklinglobaltrust.com/
(https://www.franklinglobaltrust.com/) .

 

Expected timetable

                                                                                 2026
 Latest time and date for receipt of Form of Election and TTE Instructions       1.00 p.m. on 18 February
 Record Date for entitlements under the Scheme and Ordinary Shares disabled for  6.00 p.m. on 18 February
 settlement in CREST
 Suspension of trading in Ordinary Shares                                        7.30 a.m. on 19 February
 Calculation Date                                                                5.00 p.m. on 20 February
 Latest time and date for receipt of Forms of Proxy in respect of the Second     10.00 a.m. on 25 February
 General Meeting
 Reclassification of the Ordinary Shares                                         26 February
 Suspension of listing of Reclassified Shares                                    7.30 a.m. on 27 February
 Second General Meeting                                                          10.00 a.m. on 27 February
 Appointment of the Liquidators                                                  27 February
 Effective Date for implementation of the Scheme                                 27 February
 Announcement of the results of Elections, the FRGT FAV per Share, the Cash      27 February
 Pool FAV per Share, and the IGET FAV per Share
 Admission and Dealings commence in, New IGET Shares                             on or soon after 8.00 a.m. on 2 March
 CREST accounts credited with New IGET Shares                                    as soon as reasonably practicable on 2 March
 Certificates despatched in respect of New IGET Shares during or as soon as      No earlier than 10 Business Days from the Effective Date
 practicable after
 Cheques despatched to Shareholders who elect for the Cash Option in accordance  On or as soon as practicable after 10 Business Days from the Effective Date
 with their entitlements and CREST accounts credited with cash
 Cancellation of listing of Reclassified Shares                                  as soon as practicable after the Effective Date

Note: All references to time in this announcement are to UK time. Each of the
times and dates in the above expected timetable (other than in relation to the
General Meetings) may be extended or brought forward. If any of the above
times and/or dates change, the revised time(s) and/or date(s) will be notified
to Shareholders by an announcement through a Regulatory Information Service.

Defined terms used in this announcement shall, unless the context requires
otherwise, have the meanings ascribed to them in the Circular.

Enquiries:

 

 Franklin Global Trust plc                      c/o J.P. Morgan Cazenove

 Christopher Metcalfe, Chair

 J.P. Morgan Cazenove (Sole Financial Adviser)  +44 (0) 20 3493 8000

 William Simmonds

 Rupert Budge

 

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