Important information

I am delighted, along with my fellow directors, to confirm the ongoing support from over 60% of current shareholders for the Company’s continuation. As a result of such, the Company will move to 5-yearly tender offers with no fixed end of life.

Stock markets and, in particular, the Global Financials sector have experienced an incredibly turbulent period since the outbreak of the Covid-19 pandemic resulting in a considerable de-rating. Global Financials continue to be a large, diverse and very interesting sector; the Fund Managers believe that, unlike the Global Financial Crisis, the Banks are part of the solution and not the problem.

The Polar Capital Financials Team have considerable experience and depth of knowledge; the Company is therefore well placed to capitalise on opportunities in the short, medium and long term.

Robert Kyprianou, Chairman