REG - Baillie Gifford US - Holding(s) in Company

Baillie Gifford Us Growth TrustAnnouncement

18/04/2024 16:00

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RNS Number : 2207L  Baillie Gifford US Growth Trust PLC  18 April 2024

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BDFGHW41

Issuer Name

BAILLIE GIFFORD US GROWTH TRUST PLC

Legal Entity Identifier: 213800UM1OUWXZPKE539

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of financial instruments

3. Details of person subject to the notification obligation

Name

Saba Capital Management, L.P.

City of registered office (if applicable)

New York

Country of registered office (if applicable)

United States

4. Details of the shareholder

 Name                                                       City of registered office  Country of registered office
 Saba Capital Master Fund, Ltd                                                         Cayman Islands
 Saba Capital R Fund, Ltd                                                              Cayman Islands
 Saba Capital Income & Opportunities Fund II                                           United States
 Saba Capital CEF Special Opportunities Master Fund 2, Ltd                             Cayman Islands
 Saba Capital CEF Opportunities 2, Ltd                                                 Cayman Islands
 Saba Capital CEF Opportunities 1, Ltd                                                 Cayman Islands
 Saba Capital Income & Opportunities Fund                                              United States
 Saba Capital Bluebird Fund, Ltd                                                       Cayman Islands
 Saba Capital Arcadia Master Fund, Ltd.                                                Cayman Islands

5. Date on which the threshold was crossed or reached

17-Apr-2024

6. Date on which Issuer notified

18-Apr-2024

7. Total positions of person(s) subject to the notification obligation

                                                                            % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer
 Resulting situation on the date on which threshold was crossed or reached  0.380100                                              12.790000                                                                  13.170100                       39339754
 Position of previous notification (if applicable)                          0.378900                                              11.929000                                                                  12.307900

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
 GB00BDFGHW41                                 1135648                                  0                                            0.380100                            0.000000
 Sub Total 8.A                                1135648                                                                               0.380100%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is  % of voting rights
                                                                            exercised/converted

 Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights
 Total Return Swap             08/17/2024                                   Cash                         38204106                 12.790000
 Sub Total 8.B2                                                                                          38204106                 12.790000%

9. Information in relation to the person subject to the notification
obligation

2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)

 Ultimate controlling person      Name of controlled undertaking   % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                               than the notifiable threshold
 Boaz Weinstein                   Saba Capital Management GP, LLC
 Saba Capital Management GP, LLC  Saba Capital Management, LP                                                                                                                                                              13.170100%

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

 

12. Date of Completion

18-Apr-2024

13. Place Of Completion

New York

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