Fins Growth Inc Tst Publication of Circular to convene a General Meeting

 
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 
 

(END) Dow Jones Newswires

November 21, 2017 11:46 ET (16:46 GMT)