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Baillie Gifford European Growth Trust (BGEU) Ordinary 25p Shares

Sell:924.00p Buy:952.00p 0 Change: No change
Market closed Prices as at close on 17 February 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Baillie Gifford European Growth Trust Ordinary 25p Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 8 Jan 2020)

What is happening?
 
Baillie Gifford European Growth Trust wants to undertake a Tender Offer for up to 10% of the Shares in issue (excluding treasury shares) at a price equal to 98% of the prevailing Net Asset Value (less the stamp duty costs of implementing the Tender Offer).
 
You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 1 out of every 10 Shares you hold. You can ask to sell more or less than this, but you may not successfully sell all the Shares you tender above this entitlement.

 
What are my choices?
 
Option 1 – Do nothing. You don’t have to take part in the Tender Offer. If you don’t you’ll keep your existing Shares.
 
Option 2 - Tender a number of Ordinary Shares. Ask to sell some or all of your Shares at a price equal to 98% of the prevailing Net Asset Value (less the stamp duty costs of implementing the Tender Offer) per Share. You’ll receive cash from Shares successfully sold on 5 February 2020, any Shares not successfully sold will be returned to your Account around the same time. 
 
Any instruction must be received in this office by noon on Friday 24 January 2020. If no instruction is received, your Shares will not be tendered and the Offer will lapse.
 
Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:924.00p
Buy:952.00p
Change: No change
Market closed Prices as at close on 17 February 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Baillie Gifford European Growth Trust Ordinary 25p Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 8 Jan 2020)

What is happening?
 
Baillie Gifford European Growth Trust wants to undertake a Tender Offer for up to 10% of the Shares in issue (excluding treasury shares) at a price equal to 98% of the prevailing Net Asset Value (less the stamp duty costs of implementing the Tender Offer).
 
You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 1 out of every 10 Shares you hold. You can ask to sell more or less than this, but you may not successfully sell all the Shares you tender above this entitlement.

 
What are my choices?
 
Option 1 – Do nothing. You don’t have to take part in the Tender Offer. If you don’t you’ll keep your existing Shares.
 
Option 2 - Tender a number of Ordinary Shares. Ask to sell some or all of your Shares at a price equal to 98% of the prevailing Net Asset Value (less the stamp duty costs of implementing the Tender Offer) per Share. You’ll receive cash from Shares successfully sold on 5 February 2020, any Shares not successfully sold will be returned to your Account around the same time. 
 
Any instruction must be received in this office by noon on Friday 24 January 2020. If no instruction is received, your Shares will not be tendered and the Offer will lapse.
 
Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:924.00p
Buy:952.00p
Change: No change
Market closed Prices as at close on 17 February 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Baillie Gifford European Growth Trust Ordinary 25p Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 8 Jan 2020)

What is happening?
 
Baillie Gifford European Growth Trust wants to undertake a Tender Offer for up to 10% of the Shares in issue (excluding treasury shares) at a price equal to 98% of the prevailing Net Asset Value (less the stamp duty costs of implementing the Tender Offer).
 
You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 1 out of every 10 Shares you hold. You can ask to sell more or less than this, but you may not successfully sell all the Shares you tender above this entitlement.

 
What are my choices?
 
Option 1 – Do nothing. You don’t have to take part in the Tender Offer. If you don’t you’ll keep your existing Shares.
 
Option 2 - Tender a number of Ordinary Shares. Ask to sell some or all of your Shares at a price equal to 98% of the prevailing Net Asset Value (less the stamp duty costs of implementing the Tender Offer) per Share. You’ll receive cash from Shares successfully sold on 5 February 2020, any Shares not successfully sold will be returned to your Account around the same time. 
 
Any instruction must be received in this office by noon on Friday 24 January 2020. If no instruction is received, your Shares will not be tendered and the Offer will lapse.
 
Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
935.00p
Trade high:
946.87p
Year high:
956.00p
Estimated NAV:
982.48
Previous close:
935.00p
Trade low:
935.76p
Year low:
750.00p
Premium/Discount:
-3.71%
Previous:
11.00p (1.16%)
Previous:
11.00p
Volume:
3,331
Dividend yield:
3.32%
Currency:
GBX
Data delayed by at least 15 minutes.

Price

  • Net Asset Value (NAV)
BAILLIE GEU performance chart

Premium/Discount

BAILLIE GEU performance chart
Full interactive share price and premium / discount charts

Performance

1 week 1W 1.58% 1 year 1Y 17.46%
1 month 1M 1.41% 2 years 2Y 0.97%
3 months 3M 12.38% 3 years 3Y 15.15%
6 months 6M 21.43% 5 years 5Y 22.95%

Performance figures are based on the previous close price. Past performance is not an indication of future performance.

Trust Basics

Benchmark: FTSE Europe Ex UK TR
Annual management charge: n/a
Performance fee: No
Ongoing charge: 0.61%
Dividend yield: 3.32%
Dividend frequency: Semi-Annually
Total assets: £356m
Gross gearing: 100%
Market capitalisation:Market cap.: £343m
Shares in issue: 40.24 million
Legal structure Closed Ended Investment Company
Domicile: United Kingdom
ISIN GB0003295010

Recent dividends paid or declared by Baillie Gifford European Growth Trust:

Type Ex-div date Payment date Amount
Final 02/01/2020 31/01/2020 21.50p
Interim 04/07/2019 31/07/2019 9.50p
Final 03/01/2019 31/01/2019 18.00p
Interim 05/07/2018 31/07/2018 9.00p
Final 04/01/2018 31/01/2018 13.50p

This data is provided by Digital Look. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision.

Full dividend history

Five years' total annual Baillie Gifford European Growth Trust dividends:

Financial
year end
Dividend
yield
Dividend
cover
Total dividend
paid
30/09/2019 3.80% 1.00 31.00p
30/09/2018 3.00% 1.01 27.00p
30/09/2017 2.30% 1.20 23.00p
30/09/2016 2.20% 1.19 22.00p
30/09/2015 2.10% 1.14 16.00p

All dividend data is calculated excluding any special dividends. Historical dividends may be adjusted to reflect any subsequent rights issues and corporate actions.

Full dividend history

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Important Documents



Objective

The objective of The European Investment Trust plc is to achieve attractive investment returns over the long term from a diversified portfolio of European securities.

NET ASSET VALUE (NAV)

Estimated NAV: 982.48
Latest actual NAV: 983.80
Latest actual NAV date: 13 February 2020
Premium/Discount: -3.71%
12m average Premium/Discount: -10.56%
NAV frequency: Daily
Time / date Time Buy / sell Type Volume Price Value
08:43 - 17/02 08:43
17/02
Buy 105 942.00p £989.10
08:18 - 17/02 08:18
17/02
Sell 60 935.77p £561.46
08:02 - 17/02 08:02
17/02
Buy 2083 946.87p £19,723.24
16:16 - 14/02 16:16
14/02
n/a 10000 940.00p £94,000.00
15:45 - 14/02 15:45
14/02
Sell 320 933.63p £2,987.60

Trades priced above mid-price at the time a trade is placed are assumed buys, those priced below are assumed sells. Trades priced close to mid-price or declared late are shown N/A. This is not a recommendation. More information.

More trades
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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled ‘N/A’.

Sector Weight
Healthcare 19.70%
Industrials 17.84%
Communication Services 11.16%
Technology 10.57%
Energy 9.93%
Financial Services 9.74%
Consumer Cyclical 8.60%
Consumer Defensive 5.97%
Basic Materials 2.89%
Utilities 2.32%
Country Weight
France 23.53%
Germany 22.31%
Switzerland 9.30%
Spain 8.08%
Finland 7.92%
Netherlands 5.28%
United States 4.18%
United Kingdom 3.37%
Italy 2.78%
Poland 2.52%

Key Dates

Launch date: 28 June 1972
Financial year end: September
Next AGM: January 2021
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. Dividend data provided by Digital Look. Recent trade data provided by MoneyAM. Trust basics, holding data, key dates, objective and NAV provided by Morningstar.

Share

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.