POLAR CAPITAL GLOBAL FIN. TST PLC — Proxy Solicitation & Information Statement 2021

Jan 14, 2021

POLAR CAPITAL GLOBAL FINANCIALS TRUST PLC Publication of Circular

Shareholder Circular

Further to the announcement made on 18 December 2020, Polar Capital Global Financials Trust plc (the "Company") announces that it has today published a circular (the "Circular") convening a General Meeting to be held as a closed meeting at 11.00am on Monday, 1 February 2021 to put forward a resolution to approve the proposal to disapply the pre-emption rights in respect of the 70,375,000* ordinary shares in treasury ("Existing Treasury Shares").

Following completion of the tender offer to shareholders on 29 April 2020, the Company bought back 79,159,235 ordinary shares into treasury with a view to re-issuing such treasury shares subject to investor demand and market conditions.

The Company notes a significant increase in interest in the financial sector since November 2020, which has resulted in a sharp jump in the share prices of financial stocks globally. As a result, there has been a greater interest in the Company's ordinary shares, which have traded at or around a small premium to the NAV per ordinary share since 27 November 2020.

The Board is therefore seeking authority to re-issue all of the Existing Treasury Shares, should the Company choose to do so, without being required to comply with the pre-emption rights in the Companies Act 2006.

In connection with this, the shareholder circular, including the notice of the General Meeting and the proxy form for the General Meeting, have been posted to shareholders today.

Copies of these documents have been submitted to the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and will shortly be available for inspection on the Company's website (www.polarcapitalglobalfinancialstrust.com).

Expected Timetable: General Meeting

	2021
Latest time and date for receipt of Form of Proxies for the General Meeting	11:00 a.m. on 28 January
General Meeting	11:00 a.m. on 1 February
Announcement of results of the General Meeting	1 February

*at time of writing

For further information, please contact:

Robert Kyprianou	Mark Bloomfield – Corporate	John 'Reg' Regnier-Wilson
Chairman	Phil Hopkins - Sales	Head of Sales – Investment Trusts
Polar Capital Global Financials Trust plc	Stifel Nicolaus Europe Limited	Polar Capital
(contact via the Company Secretary)	Corporate Broker	Investment Manager
Tel. 020 7227 2742	Tel. 020 7710 7600	Tel. 020 7227 2725