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Polar Capital Global Financials Trust (PCFT) Ordinary Shares

Sell:91.60p Buy:93.00p 0 Change: 1.40p (1.51%)
FTSE All Share:1.34%
Market closed |  Prices as at close on 3 April 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Polar Capital Global Financials Trust Ordinary Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 17 Mar 2020)

Polar Capital Global Financials Trust is proposing a tender offer to all shareholders who do not wish to continue with their investment in the company. The tender price will be the prevailing Net Asset Value (NAV) per ordinary share less costs. The tender price is due to be calculated at close of business on 24 April 2020, then announced on 27 April 2020.

 

Shareholders will be able to participate in subsequent tender offers on a 5 yearly basis commencing on or around 30 June 2025.

 

You can ask to sell all or part of your holding in the offer. There is no guaranteed entitlement for this offer, you can ask to sell as many shares as you like, however, if the offer is oversubscribed you may not successfully sell all the shares you put forward to tender.

 

The deadline to give an instruction to sell your shares is noon on Friday 3 April 2020.

 

This Tender Offer is subject to Shareholder approval at a General Meeting to be held on 7 April 2020. If you wish to vote please send us your instruction before noon Tuesday 31 March 2020.

 

You have two options:

 

1. Do nothing
You don’t have to take part in the Tender Offer. If you don’t you’ll keep your existing Shares.

 

2. Tender Shares
Ask to sell some or all of your Shares at the prevailing NAV per Share (due to be announced 27 April 2020). You’ll receive cash from Shares successfully sold on 12 May 2020, any Shares not successfully sold will be returned to your Account around the same time.

 

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:91.60p
Buy:93.00p
Change: 1.40p (1.51%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 3 April 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Polar Capital Global Financials Trust Ordinary Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 17 Mar 2020)

Polar Capital Global Financials Trust is proposing a tender offer to all shareholders who do not wish to continue with their investment in the company. The tender price will be the prevailing Net Asset Value (NAV) per ordinary share less costs. The tender price is due to be calculated at close of business on 24 April 2020, then announced on 27 April 2020.

 

Shareholders will be able to participate in subsequent tender offers on a 5 yearly basis commencing on or around 30 June 2025.

 

You can ask to sell all or part of your holding in the offer. There is no guaranteed entitlement for this offer, you can ask to sell as many shares as you like, however, if the offer is oversubscribed you may not successfully sell all the shares you put forward to tender.

 

The deadline to give an instruction to sell your shares is noon on Friday 3 April 2020.

 

This Tender Offer is subject to Shareholder approval at a General Meeting to be held on 7 April 2020. If you wish to vote please send us your instruction before noon Tuesday 31 March 2020.

 

You have two options:

 

1. Do nothing
You don’t have to take part in the Tender Offer. If you don’t you’ll keep your existing Shares.

 

2. Tender Shares
Ask to sell some or all of your Shares at the prevailing NAV per Share (due to be announced 27 April 2020). You’ll receive cash from Shares successfully sold on 12 May 2020, any Shares not successfully sold will be returned to your Account around the same time.

 

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:91.60p
Buy:93.00p
Change: 1.40p (1.51%)
Market closed |  Prices as at close on 3 April 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Polar Capital Global Financials Trust Ordinary Shares

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 17 Mar 2020)

Polar Capital Global Financials Trust is proposing a tender offer to all shareholders who do not wish to continue with their investment in the company. The tender price will be the prevailing Net Asset Value (NAV) per ordinary share less costs. The tender price is due to be calculated at close of business on 24 April 2020, then announced on 27 April 2020.

 

Shareholders will be able to participate in subsequent tender offers on a 5 yearly basis commencing on or around 30 June 2025.

 

You can ask to sell all or part of your holding in the offer. There is no guaranteed entitlement for this offer, you can ask to sell as many shares as you like, however, if the offer is oversubscribed you may not successfully sell all the shares you put forward to tender.

 

The deadline to give an instruction to sell your shares is noon on Friday 3 April 2020.

 

This Tender Offer is subject to Shareholder approval at a General Meeting to be held on 7 April 2020. If you wish to vote please send us your instruction before noon Tuesday 31 March 2020.

 

You have two options:

 

1. Do nothing
You don’t have to take part in the Tender Offer. If you don’t you’ll keep your existing Shares.

 

2. Tender Shares
Ask to sell some or all of your Shares at the prevailing NAV per Share (due to be announced 27 April 2020). You’ll receive cash from Shares successfully sold on 12 May 2020, any Shares not successfully sold will be returned to your Account around the same time.

 

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.

×
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
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.

Business summary

Polar Capital Global Financials Trust plc is an investment trust company. The Company's investment objective is to generate for investors a growing dividend income together with capital appreciation. The Company seeks to achieve its objective by investing in a global portfolio consisting of listed or quoted securities issued by companies in the financial sector operating in the banking, insurance, property and other sub-sectors. The portfolio is diversified by geography, industry sub-sector and stock market capitalisation. It may invest through equities, index-linked and other debt securities, cash deposits, money market instruments, foreign currency exchange transactions, forward transactions, index options and other instruments, including derivatives. It offers investors a range of funds diversified by asset class, geographical and sectorial specialisation. The Company's investment manager and advisor is Polar Capital LLP.

Important dates

Future events
General meeting 07 April 2020 07/04/20
Past events
Final results 09 March 2020 09/03/20
Interim dividend payment date 28 February 2020 28/02/20
Interim ex-dividend date 06 February 2020 06/02/20
Interim dividend payment date 30 August 2019 30/08/19
Interim ex-dividend date 01 August 2019 01/08/19
Interim results 08 July 2019 08/07/19
AGM 11 April 2019 11/04/19

General stock information

EPIC:
PCFT
ISIN:
GB00B9XQT119
Market cap:
£185.43 million
Shares in issue:
202.43 million
Sector:
Equity Investment Instruments
Exchange:
London Stock Exchange
Currency:
Sterling pence
Indices:
FTSE All Share,FTSE Small Cap

Contact details

Address:
16 Palace Street
LONDON
SW1E 5JD
United Kingdom
Telephone:
+44 (020) 72272700
Website:
www.polarcapitalglobalfinancialstrust.com/

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. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by NBTrader.
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
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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'.