HarbourVest Global announced its plan to introduce an additional US dollar market quote for the company’s shares traded on the main market of the London Stock Exchange. This will operate alongside the company’s existing sterling quotation.
The company expects this quotation to take effect from Monday, 10 December 2018, allowing shares to be traded in either currency from this date. There will be no changes to the legal form or nature of the shares.
Sir Michael Bunbury, HarbourVest Global’s Chairman, commented: “I am pleased to announce the introduction of a US dollar share price quote alongside the existing sterling quote. This will enable all investors to buy and sell shares in either currency according to their preference. We hope that this will help to improve the visibility of the discount at which the shares trade relative to the prevailing NAV, which is reported in HVPE’s functional currency, the US dollar.”