Franklin Global Tst - Result of General Meeting

Franklin Global Trust

18/02/2026 11:54

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.
NO.
VOTES FOR (INCLUDING DISCRETIONARY)
%
VOTES AGAINST
%
VOTES TOTAL
% ISC REPRESENTED BY TOTAL VOTES CAST1
VOTES WITHHELD
1. To approve the reclassification of the shares in the capital of the Company as shares with "A" rights and shares with "B" rights and to approve changes required to the Company's articles of association.
15,952,344
99.72
45,257
0.28
15,997,601
33.28
36,000
2. To approve the Scheme; further amend the Company's articles of association in order to implement the Scheme; and to instruct the Liquidators to give effect to the Scheme.
15,955,390
99.66
54,847
0.34
16,010,237
33.30
23,364

1As 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 and on the Company's website at 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 settlement in CREST
6.00 p.m. on 18 February
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 General Meeting
10.00 a.m. on 25 February
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 Pool FAV per Share, and the IGET FAV per Share
27 February
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 practicable after
No earlier than 10 Business Days from the Effective Date
Cheques despatched to Shareholders who elect for the Cash Option in accordance with their entitlements and CREST accounts credited with cash
On or as soon as practicable after 10 Business Days from the Effective Date
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
Christopher Metcalfe, Chair
c/o J.P. Morgan Cazenove
J.P. Morgan Cazenove (Sole Financial Adviser)
William Simmonds
Rupert Budge
+44 (0) 20 3493 8000

 

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