MOMENTUM MULTI-ASSET VALUE TRUST PLC

Share Issue/Capital Change • Dec 2, 2020

National Storage Mechanism | Additional information

RNS Number : 1890H

Seneca Global Income & Growth PLC

02 December 2020

LEI:      213800OQTUSRFDIL9L29

From:   Seneca Global Income & Growth Trust plc         

Date:    2 December 2020

Seneca Global Income & Growth Trust plc

Publication of Circular

Since 2016, Seneca Global Income & Growth Trust plc (the "Company") has successfully operated a discount control mechanism (the "DCM"). Given the recent level of buy backs pursuant to the DCM and the current uncertain markets, as a precaution, the Board is seeking early renewal of its authority to buy back ordinary shares.

Accordingly, the Company has today published a circular convening a general meeting to be held at 10.00 a.m. on 22 December 2020 at the offices of PATAC Limited, 28 Walker Street, Edinburgh EH3 7HR (the "General Meeting").

At the General Meeting a special resolution will be proposed to give the Board authority to buy back up to a maximum of 5,856,645 ordinary shares which represents approximately 14.99 per cent. of the issued share capital of the Company.

As a result of the COVID-19 pandemic and the related Government guidance, attendance at the General Meeting may not be possible. In line with Government guidance, shareholders are strongly discouraged from attending the meeting. Shareholders should submit their proxy appointment as soon as possible to ensure that their vote is counted.

A copy of the circular will shortly be available for inspection on the Company's website at https://senecaim.com/private-investors/investment-trust/ and at the National Storage Mechanism which is located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.  

All enquiries:

PATAC Limited

Company Secretary

Tel: 0131 378 0500

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