REG - Baillie Gifford UK - Publication of a Circular

Baillie Gifford UK Growth TrustAnnouncement

06/06/2025 09:30

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RNS Number : 8019L  Baillie Gifford UK Growth Trust PLC  06 June 2025

Baillie Gifford UK Growth Trust plc

LEI: 549300XX386SYWX8XW22

6 June 2025

Publication of a Circular

The Directors of Baillie Gifford UK Growth Trust plc (the Company) are seeking
shareholder authority for proposals to renew the Company's share buyback
authority.

Accordingly, the Company has today published a circular (the Circular) setting
out details of these proposals. The Circular also includes the notice of
meeting to convene a general meeting (the General Meeting) at which the
appropriate shareholder authority will be sought. The General Meeting will be
held at 10 a.m. on 3 July 2025 at the offices of Baillie Gifford & Co at 3
St Helen's Place, London, EC3A 6AB.

The Board believes that the renewal of the buyback has the following benefits:

·      to give confidence to the market that the Directors intend to
pursue the stated policy of maintaining a single digit discount in normal
market conditions;

·      to provide additional liquidity in the Ordinary Shares;

·      to reduce the volatility in the discount to NAV represented by
the Ordinary Share price; and

·      to generate a modest increase in value for existing Shareholders
by buying back shares at a discount to the prevailing NAV.

 

Terms used and not defined in this announcement shall have the meanings given
to them in the Circular.

A copy of the Circular will shortly be submitted to the National Storage
Mechanism (NSM) and will be available for inspection
at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) *

The Circular will also be available shortly on the Company's
website, www.bgukgrowthtrust.com (http://www.bgukgrowthtrust.com)

*Neither the NSM website nor the Company's website nor the content of any
website accessible from hyperlinks on those websites (or any other website) is
(or is deemed to be) incorporated into, or forms (or is deemed to form) part
of this announcement.

For further information, please contact:

Company Secretaries

Baillie Gifford & Co Limited

Anzelm Cydzik

0131 275 2000

 

Neil Morgan

Winterflood Securities Limited

Corporate Broker

020 3100 0000

 

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