REG - Polar Capital Global - Completion of Tender Offer

Polar Capital Global Financials TrustAnnouncement

24/06/2025 16:00

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RNS Number : 2335O  Polar Capital Global Financials Tst  24 June 2025

Polar Capital Global Financials Trust plc (the "Company")

Legal Entity Identifier: 549300G5SWN8EP2P4U41

 

24 June 2025

 

Completion of Tender Offer

 

Further to the announcement made on 20 June 2025, the Board of the Company now
confirms that all processes have been completed.

 

The 132,912,988 Ordinary Shares tendered have been bought back via Stifel into
the Company's treasury account.  Proceeds from the Tender Offer, at the
Tender Price as announced on 20 June 2025 of 209.43 pence per Ordinary Share,
will now be transmitted to those Shareholders who tendered at the Record Date,
in accordance with the timetable, by 1 July 2025.  No Ordinary Shares were
sold under the Secondary Placing.

 

Under the Company's Articles the Company has to make its next 100 per cent.
tender offer on or around 30 June 2030.

 

The issued share capital of the Company remains at 331,750,000 Ordinary Shares
of 5p per share; following the above purchase into treasury, the Company has
161,443,623 shares in treasury and the total voting rights and the figure to
be used as the denominator for calculations of interests in the Company's
voting rights is 170,306,377 shares.

 

Capitalised terms shall have the meaning attributed to them in the Circular
dated 14 May 2025 unless otherwise defined in this announcement.

 

For further information, please contact:

 

 Simon Cordery                              Edward Gibson-Watt
 Polar Capital Global Financials Trust plc  Stifel Nicolaus Europe Limited

 Chair                                      Corporate Broker

 (contact via the Company Secretary)
 Tel. 020 7227 2742                         Tel. 020 7663 3227

 John 'Reg' Regnier-Wilson / Richard Oates  Ed Gascoigne-Pees / Phoebe Pugh
 Polar Capital                              Camarco

 Investment Trust Sales                     PR

 Tel. 020 7227 2725                         Tel. 020 3757 4980

 

 

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