Polar Capital Global Financials Trust plc C Share Offer
This offer is now closed for applications through interactive investor
Result of C Share Issue
- The Issue Price was set at £1.00 per C Share.
- Polar Capital Global Financials Trust plc has raised total gross proceeds of £122 million and has exceeded the target of £100 million.
- Application has been made to the London Stock Exchange for 122,000,000 C Shares to be admitted to trading on the London Stock Exchange's main market.
- Allocations have been met in full, meaning customers will receive 100% of the amount they applied for.
- Share allocations are being credited today (Thursday 17 June 2021). Confirmation of allocations will be sent once the shares are showing on accounts.
- Please note, the allocation policy was set by Polar Capital Global Financials Trust plc and not Interactive Investor.
Offer period
- The Offer Period for the Polar Capital Global Financials Trust plc C Share Offer closed at 11am on Wednesday 16 June 2021.
Trading starts
- Admission and unconditional dealing in the C Shares is expected to commence at 8am on Monday 21 June 2021. There is no conditional dealing period.
- When admitted to trading, the C Shares will be registered with SEDOL (Stock Exchange Daily Official List) number BNG2HN2 and trade under the symbol "PCFC".
- If you buy or sell Polar Capital Global Financials Trust plc C Shares after admission the relevant share dealing rate will apply.
Robert Kyprianou, Chairman of Polar Capital Global Financials Trust plc, said:
"I am very pleased to see the breadth of support from so many firms and individuals, the level of that support and the capital raise has exceeded its target. The Board and the Investment Manager feel strongly that this is a sector of considerable attraction at this point of the investment cycle as well as a beneficiary of potentially higher bond yields. We are all very grateful for the further backing of the Company and optimistic about the prospects for Shareholders."
Key information
| Issue price per share: | £1.00 |
| Minimum investment: | £1,000 (multiples of £1 thereafter) |
| Stock ticker: | PCFC |
| SEDOL: | BNG2HN2 |
Expected timetable
| Offer open: | 12 May 2021 |
| Offer close: | 16 June 2021 (11am) |
| Result announced: | 17 June 2021 |
| Unconditional dealing starts: | 21 June 2021 (8am) |
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. It should be remembered that the price of the shares can go down as well as up and that investors may not receive, on the sale or cancellation of the shares, the amount that they invested. If you are in any doubt about the contents of this document or the Prospectus, you should consult your accountant, legal or professional adviser or financial adviser.
Interactive Investor Services Limited uses the Polar Capital Global Financials Trust plc Prospectus in accordance with the Company's consent and the conditions set out in the Polar Capital Global Financials Trust plc Prospectus.
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.
"Polar Capital Global Financials Trust plc" and the Polar Capital Global Financials Trust plc logo are registered trademarks of Polar Capital Global Financials Trust plc. Reproduced by kind permission of Polar Capital Global Financials 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.