The Global Sustainability Trust plc IPO
This offer is now closed for applications through interactive investor
result of the issue
The Global Sustainability Trust plc (GST) has announced that in the light of continuing difficult market conditions for fund-raising, and despite a large breadth of support, the Minimum Net Proceeds of the Initial Issue have not been met during the offer period. The Company will not be launching on the current timetable.
The Board has received significant positive feedback from a wide range of wealth managers and other investors. The Board will consult further with interested investors and its advisers before considering a launch later in the year, when market conditions have improved.
Subscription amounts are being re-credited to the accounts of customers who applied (Monday 28 January 2019).
key information
| Issue price per share: | 100 pence |
| Minimum investment: | £500 (multiples of £100 thereafter) |
| Stock ticker: | GSTR |
| SEDOL: | BF535J2 |
expected timetable
| Offer open: | 5 November 2018 |
| Offer close: | 28 January 2019 (11am) |
| Result announced: | 29 January 2019 |
| Unconditional dealing starts: | 31 January 2019 (8am) |
offer price and allocation policy
- The Issue Price has been set at 100 pence per Ordinary Share.
- We expect the results of the Offer, including the allocation policy to be announced on Tuesday 29 January 2019.
- Allocation of shares will be at the absolute discretion of the Company. We will be required to apply the allocation policy to each customer who subscribes for shares. This may include a scale-back, which could result in you receiving less shares or no shares at all.
- Following the announcement of the allocation policy we will complete the settlement, allocate the shares (if your application was successful) and (in the case of scale-back) refund any cash to your account.
offer period
- The Offer Period for The Global Sustainability Trust plc share offer closed at 11am on Monday 28 January 2019, but may close early without prior notice.
trading starts
- Admission and unconditional dealing in the Ordinary Shares is expected to commence at 8am on Thursday 31 January 2019. There is no conditional dealing period.
- When admitted to trading, the new shares will be registered with SEDOL (Stock Exchange Daily Official List) number BF535J2 and trade under the symbol "GSTR".
- If you buy or sell The Global Sustainability Trust plc Ordinary Shares after admission the relevant share dealing rate will apply.
offer documents
This website is issued by, and is the sole responsibility of, Interactive Investor Services Limited. This website is an advertisement and not a Prospectus. Any application to participate in the Offer can and will only be made on the basis of the Prospectus, together with any supplements thereto.
Interactive Investor Services Limited uses The Global Sustainability Trust plc Prospectus in accordance with the Company's consent and the conditions set out in The Global Sustainability Trust plc Prospectus.
An introduction to The Global Sustainability Trust plc
This video is the property of Aberdeen Standard Investments and has been reproduced with their kind permission.
Investing in IPOs carries a high degree of risk. If you are unsure of the suitability of an investment please seek Financial Advice. You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest. Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue. Investment in the Company should not be regarded as short-term in nature. You should consider carefully all of the information set out in the Offer documents, including all the risks attached to investing in the Company before you apply.
"The Global Sustainability Trust plc" and The Global Sustainability Trust plc logo are registered trademarks of The Global Sustainability Trust plc. Reproduced by kind permission of The Global Sustainability Trust plc. All rights reserved.
This announcement has been published by Interactive Investor Services Limited.
This announcement has been prepared and is the sole responsibility of Interactive Investor Services Limited of Exchange Court, Duncombe Street, Leeds, LS1 4AX, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.