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On 18 February 2026, Franklin Global Trust plc announced that shareholders approved all resolutions at its First General Meeting. These resolutions concern the proposals for a scheme of reconstruction and members' voluntary winding-up under section 110 of the Insolvency Act 1986. Resolution 1, regarding share reclassification and articles changes, received 99.72% of votes for, and Resolution 2, approving the Scheme and further amendments, received 99.66% of votes for, out of 48,072,208 total voting rights.
| Date | 18 Feb 2026 |
| Time | 11:54:52 |
| Category | AGMs and other meetings |
| ID | 5380T |
18 February 2026
Franklin Global Trust plc
Legal Entity Identifier: 549300RKB85NFVSTBM94
Results of First General Meeting
In connection with the proposals for the scheme of reconstruction and members' voluntary winding-up of Franklin Global Trust plc (the Company or FRGT) under section 110 of the Insolvency Act 1986 (the Proposals), the Board is pleased to announce that the Resolutions which were put forward at the First General Meeting held today, and were each voted on by way of a poll, have been approved by Shareholders.
The results of the polls were as follows:
|
RES. NO. |
VOTES FOR (INCLUDING DISCRETIONARY) |
% |
VOTES AGAINST |
% |
VOTES TOTAL |
% ISC REPRESENTED BY TOTAL VOTES CAST1 |
VOTES WITHHELD
|
|
1. To approve the reclassification of the shares in the capital of the Company as shares with "A" rights and shares with "B" rights and to approve changes required to the Company's articles of association. |
15,952,344 |
99.72 |
45,257 |
0.28 |
15,997,601 |
33.28 |
36,000 |
|
2. To approve the Scheme; further amend the Company's articles of association in order to implement the Scheme; and to instruct the Liquidators to give effect to the Scheme. |
15,955,390 |
99.66 |
54,847 |
0.34 |
16,010,237 |
33.30 |
23,364 |
1As a percentage of total voting rights
For the purposes of section 341 of the Companies Act 2006, the votes validly cast are expressed in the table above as a percentage of the Company's total voting rights as at 6.00 p.m. on 16 February 2026 (48,072,208), being the time at which a shareholder had to be registered in the Register of Members in order to vote at the First General Meeting. A vote "withheld" is not a vote in law and has not been counted as a vote "for" or "against" a resolution.
The number of Shares in issue at the date of this announcement is 98,675,907. There are 50,603,699 Shares held in treasury. Therefore, as at the date of this announcement the number of voting rights in the Company are 48,072,208.
The full text of the Resolutions can be found in the notice of First General Meeting contained in the Company's circular to Shareholders dated 21 January 2026 (the Circular). The Circular is available for viewing at the National Storage Mechanism which can be located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website at https://www.franklinglobaltrust.com/.
Expected timetable
|
|
2026 |
|
Latest time and date for receipt of Form of Election and TTE Instructions |
1.00 p.m. on 18 February |
|
Record Date for entitlements under the Scheme and Ordinary Shares disabled for settlement in CREST |
6.00 p.m. on 18 February |
|
Suspension of trading in Ordinary Shares |
7.30 a.m. on 19 February |
|
Calculation Date |
5.00 p.m. on 20 February |
|
Latest time and date for receipt of Forms of Proxy in respect of the Second General Meeting |
10.00 a.m. on 25 February |
|
Reclassification of the Ordinary Shares |
26 February |
|
Suspension of listing of Reclassified Shares |
7.30 a.m. on 27 February |
|
Second General Meeting |
10.00 a.m. on 27 February |
|
Appointment of the Liquidators |
27 February |
|
Effective Date for implementation of the Scheme |
27 February |
|
Announcement of the results of Elections, the FRGT FAV per Share, the Cash Pool FAV per Share, and the IGET FAV per Share |
27 February |
|
Admission and Dealings commence in, New IGET Shares |
on or soon after 8.00 a.m. on 2 March |
|
CREST accounts credited with New IGET Shares |
as soon as reasonably practicable on 2 March |
|
Certificates despatched in respect of New IGET Shares during or as soon as practicable after |
No earlier than 10 Business Days from the Effective Date |
|
Cheques despatched to Shareholders who elect for the Cash Option in accordance with their entitlements and CREST accounts credited with cash |
On or as soon as practicable after 10 Business Days from the Effective Date |
|
Cancellation of listing of Reclassified Shares |
as soon as practicable after the Effective Date |
Note: All references to time in this announcement are to UK time. Each of the times and dates in the above expected timetable (other than in relation to the General Meetings) may be extended or brought forward. If any of the above times and/or dates change, the revised time(s) and/or date(s) will be notified to Shareholders by an announcement through a Regulatory Information Service.
Defined terms used in this announcement shall, unless the context requires otherwise, have the meanings ascribed to them in the Circular.
Enquiries:
|
Franklin Global Trust plc Christopher Metcalfe, Chair
|
c/o J.P. Morgan Cazenove |
|
J.P. Morgan Cazenove (Sole Financial Adviser) William Simmonds Rupert Budge |
+44 (0) 20 3493 8000 |