REG - Polar Cap Glb Health PCGH ZDP PLC - Result of Tender Offer

Polar Capital Global Healthcare TrustAnnouncement

26/11/2025 07:00

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RNS Number : 9942I  Polar Capital Global Health Tst PLC  26 November 2025

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LEI: 549300YV7J2TWLE7PV84

26 November 2025

 

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

Result of Tender Offer

On 22 October 2025, the Company published a Circular and announced a Tender
Offer of up to 100 per cent. of the Ordinary Shares of the Company (excluding
Shares held in Treasury).

 

The results of the Tender Offer were as follows:

 

                          Number of Shares  % of issued share capital (excluding Treasury shares)
 Shares validly tendered  27,253,026        22.47

 

The Company has satisfied the Minimum Continuation Condition to be able to
proceed with the Tender Offer as set out in the Circular and in line with the
expected timetable below.

 

The Chair commented:

"The PCGH Board and I are delighted to see the overwhelming support for the
next iteration of the Company and commitment to the period ahead. With almost
80% of existing shareholders remaining invested in the Company, this is a very
strong statement especially when considered against the challenges currently
faced by the wider Investment Trust industry.

 

We would like to thank all those shareholders supporting the continuation of
the Company and to welcome the new shareholders who have joined us more
recently. We are confident that the positive outlook for investing in the
healthcare sector, strong relative outperformance by the fund managers and
revised structure will encourage other investors to become part of the
Company's register and benefit from Polar Capital's strong healthcare
investment franchise."

 

EXPECTED TIMETABLE OF EVENTS

 

GENERAL MEETING

 General Meeting                                 9.00 a.m. on

                                                 27 November 2025
 Announcement of results of the General Meeting   27 November 2025

 

TENDER OFFER

 Announcement of Tender Offer elections                                          26 November 2025
 Calculation Date                                                                Close of business on

                                                                                 27 November 2025
 Announcement of final results of the Tender Offer and the Tender Price           1 December 2025
 Repurchase of Shares pursuant to the Tender Offer                               2 December 2025
 CREST accounts credited in respect of Tender Offer proceeds for uncertificated  by 5 December 2025
 Ordinary Shares
 Cheques despatched in respect of Tender Offer proceeds for certificated         by 12 December 2025
 Ordinary Shares
 Despatch of balancing share certificates (in respect of certificated Shares)    by 12 December 2025
 for revised, certificated holdings

The above times and dates are subject to the passing of the Resolutions at the
General Meeting.

Each of the times and dates in the expected timetable above may be extended or
brought forward without further notice. If any of the above times and/or dates
change, the revised time(s) and/or date(s) will be notified to Shareholders by
a Regulatory Information Service announcement. All references are to London
time (GMT) unless otherwise stated.

 

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

 

 

 For further information please contact:  Lisa Arnold - Chair                           Tel. 020 7227 2742

                                          Polar Capital Global Healthcare Trust plc

                                          (contact via the Company Secretary)

                                          John 'Reg' Regnier-Wilson / Richard Oates     Tel. 020 7227 2725

                                          Polar Capital

                                          Investment Trust Sales

                                          Alex Collins / Michael Janes / Ashwin Kohli   Tel. 020 3100 2000

                                          Panmure Liberum Limited

                                          Corporate Broker

 

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