The Biotech Growth Trust Plc - Issue of Equity
London, October 14
THE BIOTECH GROWTH TRUST PLC
14 October 2020
Allotment of Ordinary Shares
THE BIOTECH GROWTH TRUST PLC (the "Company") announces the allotment of 42,500 Ordinary shares of 25p each fully paid from its block listing authority.
These shares were issued today at a price of 1483.00 pence per Ordinary share, which equates to a premium to the estimated cum income net asset value per Ordinary share at the time of transaction of 1.0% The cum income net asset value per Ordinary share at the close of business on 13 October 2020 was 1476.00 pence.
Following this issue, the Company has the ability to issue a further 5,358,134 Ordinary shares its block listing facility.
Following this transaction the Company hereby notifies the market that it has in issue 39,907,269 Ordinary shares of 25p each all with voting rights. No shares were held in treasury at the date of announcement.
The figure of 39,907,269 may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Frostrow Capital LLP
Tel: 020 3 008 4913