5 Mar 2018 10:45
To: RNS
From: Seneca Global Income & Growth Trust plc
LEI: 213800OQTUSRFDIL9L29
Date: 5 March 2018
Seneca Global Income & Growth Trust plc
Publication of Circular
In order to meet the continuing demand for ordinary shares in Seneca Global Income & Growth Trust plc (the "Company"), the Board of Directors of the Company is seeking an early renewal of its authority to issue further ordinary shares on a non pre-emptive basis. Accordingly, the Company has today published a circular convening a general meeting (the "General Meeting") to be held at 10.00 a.m. on 28 March 2018 at the offices of Dickson Minto W.S., 16 Charlotte Square, Edinburgh EH2 4DF.
At the General Meeting resolutions will be put to shareholders to give the Board authority to issue up to 4,635,636 ordinary shares on a non pre-emptive basis (which represents approximately 10 per cent. of the Company's current issued share capital).
If such authority is granted by shareholders the Directors will use the authority to issue shares on a non pre-emptive basis only: (i) at a premium to net asset value; (ii) to meet demand from investors; and (iii) when the Directors believe that it is in the best interests of the Company and its shareholders to do so.
A copy of the circular has been submitted to the Financial Conduct Authority and will be available for inspection at the National Storage Mechanism which is located at http://www.morningstar.co.uk/uk/nsm.do.
Steven Cowie
Company Secretary
PATAC Limited
Enquiries: 0131 538 1400