REG - Baillie Gifford Euro - BaillieGifford European Grwth Trst Manager Changes

Baillie Gifford European Growth TrustAnnouncement

27/03/2026 07:00

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RNS Number : 3527Y  Baillie Gifford European Growth Tst  27 March 2026

27 March 2026

Baillie Gifford European Growth Trust plc

Legal Entity Identifier: 213800QNN9EHZ4SC1R12

Portfolio Manager Changes

Baillie Gifford European Growth Trust plc ("BGEU" or the "Company"), an
investment trust that aims to achieve capital growth over the long-term from a
diversified portfolio of European securities, today announces that Joe Faraday
will succeed Stephen Paice and Chris Davies as the Company's portfolio manager
with effect from 1 April 2026.

The Board remains highly focused on improving performance while retaining the
growth style and private company exposures that differentiate BGEU from peers.
Joe will therefore continue the Company's growth focus whilst aiming to
deliver a more diversified portfolio that captures growth opportunities across
a wider range of sectors, which the Board believes increases the Company's
prospects of improving relative performance. Joe's appointment will not
require any material changes to the Company's investment objective or policy.

The Company's existing 100% performance-conditional tender offer remains in
place and will be triggered if NAV returns do not exceed the benchmark over
the four years ending 30 September 2028. In addition, the Board will continue
to actively engage with shareholders and consider whether further action is
required if relative performance does not improve.

Joe is an experienced investment manager with over 20 years at Baillie Gifford
and is a senior member of the European Equities team. He has been a member of
the investment management team on one of Baillie Gifford's multi billion
global ex US strategies since 2007 (International All Cap) contributing
significantly to its growth in assets and long-term performance record over
nearly two decades.

David Barron, Chairman of the Company, said:

"The Board would like to thank Stephen and Chris for their longstanding
contribution to the Company. We're delighted to welcome Joe and we believe
that his investment approach better positions the Company to deliver improved
relative performance for our shareholders."

For further information please contact:

Burson Buchanan - Financial Communications

Henry Wilson / Helen Tarbet

henry.wilson@bursonbuchanan.com

helen.tarbet@bursonbuchanan.com

 

Baillie Gifford & Co Limited, Company Secretaries

enquiries@bailliegifford.com

+44 (0)800 917 2113

 

 

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