Finsbury Growth
& Income Trust PLC
(the
“Company”)
Publication of
Circular to convene a General Meeting
21 November 2017
Since the Company’s Annual General Meeting held on 26 January 2017 (the “January Annual General
Meeting”), its Ordinary Shares (the “Shares”) have consistently
traded close to the Net Asset Value (the “NAV”) per Share, which
indicates that there is reasonable demand for them in the
market. This has enabled the Directors to use the authority
granted to them at the January Annual General Meeting to issue a
further 11,581,000 Shares.
The Company announces that the authority granted in January 2017 has been substantially utilised and
that it has taken the steps necessary to enable it to continue to
issue further Shares.
The Company is pleased to announce that a circular convening a
general meeting (the “Circular”) is today being posted to
shareholders to enable the Board to continue the policy of issuing
new Shares to the market at a premium to the higher of the
prevailing cum income or ex income NAV per Share when demand
arises.
The Circular sets out the Company's intention to call a general
meeting of shareholders to be held at 25 Southampton Buildings,
London WC2A 1AL at 9.00 a.m. on Friday, 8
December 2017 (the “December General Meeting”) to consider
and, if thought fit, approve an ordinary resolution empowering the
Directors to allot equity securities up to an amount equal to
approximately 10 per cent. of the issued share capital of the
Company and a special resolution to disapply pre-emption rights in
respect of any such issuance (the “Proposal”). Any authority
granted to the Directors will lapse at the conclusion of the next
Annual General Meeting of the Company.
Expected Timetable
| Latest time and date for
receipt of forms of proxy |
9.00 a.m. on 6 December
2017 |
| December General Meeting to
approve the Proposal |
9.00 a.m. on 8 December 2017 |
A copy of the Circular has been submitted to the National
Storage Mechanism and will shortly be available for inspection at
http://www.morningstar.co.uk/uk/NSM
The Circular will also shortly be available on the Company's
website at www.finsburygt.com
Enquiries:
Victoria Hale
Frostrow Capital LLP, Company
Secretary
020 3170 8732