Fins Growth Inc Tst Publication of Circular to convene a General Meeting
November 21 2017 - 10:46AM
UK Regulatory
TIDMFGT
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 9.00 a.m. on 6 December
proxy 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
END
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