BIOTECH

Capital/Financing Update • Mar 6, 2015

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

THE BIOTECH GROWTH TRUST PLC - Circ re proposed change to Investment Policy

PR Newswire

London, March 6

             The Biotech Growth Trust PLC (the "Company")                            Publication of circularThe Company has today published a circular (the "Circular") to Shareholdersseeking approval for a change to its Investment Policy.The Directors, as advised by the Company's AIFM and Portfolio Manager, areproposing that the Company's borrowing limit be increased from 15 per cent. to20 per cent. of the Company's net assets. The Directors believe that thisamendment would be beneficial to Shareholders as it would provide an increasedlevel of flexibility to the Company to participate in compelling investmentopportunities as they arise. The Company's approach to using borrowing will notchange in practice and the level of borrowing adopted will continue to bereviewed and agreed with the Directors and the Company's AIFM from time totime, subject always to the proposed overall limit of 20 per cent. of theCompany's net assets.Under the Listing Rules, the Company is required to seek the approval ofShareholders for any material change to its Investment Policy. Therefore, anordinary resolution to approve the changes to the Investment Policy will beproposed at a General Meeting, to be held at 10.00 a.m. on Tuesday, 31 March2015.Terms used and not defined in this announcement shall have the meanings givenin the circular dated 6 March 2015.The circular will shortly be available for inspection atwww.morningstar.co.uk/uk/NSM and on the Company's website www.biotechgt.com6 March 2015For further information:Victoria HaleCompany SecretaryFrostrow Capital LLP .........................020 3170 8732Neil MorganWinterflood Investment Trusts ............... 020 3100 0292