Source - PRN

THE BIOTECH GROWTH TRUST PLC

16 October 2020

Allotment of Ordinary Shares

THE BIOTECH GROWTH TRUST PLC (the “Company”) announces the allotment of 25,000 Ordinary shares of 25p each fully paid from its block listing authority. 

These shares were issued today at a price of 1476.00 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 1.1%  The cum income net asset value per Ordinary share at the close of business on 15 October 2020 was 1438.37 pence.

Following this issue, the Company has the ability to issue a further 5,333,134 Ordinary shares its block listing facility.

Following this transaction the Company hereby notifies the market that it has in issue 39,932,269 Ordinary shares of 25p each all with voting rights.  No shares were held in treasury at the date of announcement.

The figure of 39,932,269 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.

Enquiries:

Mark Pope 

Frostrow Capital LLP 

Tel: 020 3 008 4913

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