|
Polar Capital Global Financials Trust PLC - invests for income and capital growth in financial companies globally, with Polar Capital LLP as manager - Prices the 100% tender offer and connected share placing that it first announced back in April. The trust will buy back shares at 209.43 pence each, equal to its net asset value on Wednesday this week, minus expenses of the tender offer. Shares repurchased under the tender offer will be placed by broker Stifel Nicolaus Europe Ltd with institutional investors at 210.47p. The placing price is conditional on it being within 3% of NAV per share at the close on Monday. The results of the tender offer and share placement will be announced on Tuesday. Any tendered shares that are not placed will be repurchased by the company to hold in treasury or to be cancelled. The trust previously said it will repeat the tender process every five years. Its core investment strategy and structure will remain unchanged, continuing to invest in listed securities across the financial sector. Current stock price: 203.00 pence 12-month change: up 22% Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
