REG - Franklin Global Tst - Results of Scheme elections

Franklin Global TrustAnnouncement

19/02/2026 07:00

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RNS Number : 5799T  Franklin Global Trust PLC  19 February 2026

19 February 2026

 

Franklin Global Trust plc

 

Legal Entity Identifier: 549300RKB85NFVSTBM94

 

Results of Scheme Elections

 

 

On 18 February 2026, the Board of Franklin Global Trust plc (the Company or
FRGT) announced that Shareholders had approved the proposals for the scheme of
reconstruction and members' voluntary winding-up of the Company under section
110 of the Insolvency Act 1986 (the Scheme) at the First General Meeting.
Implementation of the Scheme remains subject to, among other things,
Shareholder approval at the Second General Meeting to be held on 27 February
2026.

 

The Board is pleased to announce the following Elections in connection with
the Scheme:

 

·      Rollover Option: 46,280,003 Shares / 96.3 per cent. of issued
Shares (excluding Shares held in treasury); which will be reclassified as
Reclassified Shares with "A" rights, being the right to receive New IGET
Shares; and

 

·      Cash Option: 1,792,205 Shares / 3.7 per cent. of issued Shares
(excluding Shares held in treasury); which will be reclassified as
Reclassified Shares with "B" rights, being the right to receive cash.

 

In accordance with the Scheme, Eligible Shareholders that made no Election
have been deemed to have elected for the Rollover Option.

 

Applications have been made to the FCA and to the London Stock Exchange for
the Shares to be reclassified for listing purposes with effect from 8:00
a.m. on 26 February 2026. The listing of, and dealings in, the Company's
Reclassified Shares are subsequently expected to be suspended at 7.30
a.m. on 27 February 2026.

 

Defined terms used in this announcement have the meanings given 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
 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 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.

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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