The Board of Polar Capital Global Healthcare has announced that following initial consultation with shareholders it has been working with its advisers and its investment manager, Polar Capital, on options for the future of the company. Any such proposals would be expected to include the opportunity for shareholders to continue their exposure to the healthcare sector in a closed ended vehicle, managed by Polar Capital, and consistent with the commitment made when the fund was launched, a full cash exit will be made available for those shareholders who wish to realise their investment.
Whilst timing remains uncertain at this stage, the Board expects that the effective date for such proposals will be well before the scheduled vote for winding up the company which is to be put to the Annual General Meeting in January 2018.
PCGH : Polar Capital Global Healthcare considering its future