Polar Capital Global Financials Trust Plc
Legal Entity Identifier: 549300G5SWN8EP2P4U41
26 November 2019
Shareholder Engagement
In light of the backstop date of 31 May 2020 by which Polar Capital Global Financials Trust plc
("PCFT" or the "Company") is due to be placed into liquidation in accordance with its Articles of Association, the Board of PCFT is in the process of considering whether and on what basis
shareholders might be offered the ability to maintain their exposure to the Company's
underlying asset class through the closed-end fund structure, whilst providing those
shareholders who no longer wish to remain invested with the opportunity to realise their
shareholdings at close to net asset value.
Preliminary indications from a number of the Company's largest shareholders suggest that
there is sufficient realistic prospect of support for a continuing vehicle to merit a fuller
consultation process with investors. The Board therefore intends to engage with shareholders
in the coming weeks in order to establish whether it would be appropriate to put forward
reconstruction proposals. It is anticipated that any such proposals, if they were to be
forthcoming, would be finalised and announced in Q1 2020.
Enquiries
Robert Kyprianou 020 7227 2700
Chairman
Polar Capital Global Financials Trust plc
David Yovichic 020 7597 4000
Investec Bank plc
John Regnier-Wilson 020 7227 2700
Polar Capital LLP
