REG - Edinburgh Worldwide - EWIT Shareholders Reject Saba Resolutions

Edinburgh Worldwide Investment TrustAnnouncement

20/01/2026 14:15

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RNS Number : 6385P  Edinburgh Worldwide Inv Trust PLC  20 January 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

Edinburgh Worldwide Investment Trust plc

 

Legal Entity Identifier: 213800JUA8RKIDDLH380

EWIT Shareholders Reject Saba Resolutions

 

Following a Requisitioned General Meeting of Edinburgh Worldwide Investment
Trust plc ("EWIT" or the "Company"), the Board of Directors (the "Board")
announces that none of the resolutions proposed by Saba Capital Management
L.P. ("Saba") were passed.

 

Excluding shares held by Saba, shareholders representing 92.7% of the shares
voted rejected Saba's proposals. Of the total votes cast, 53.2% of shares were
voted against Saba's resolutions, in line with the recommendation of the
independent Board.

 

Shareholders representing over 70% of the total issued share capital voted on
the resolutions, a record shareholder turnout, exceeding the turn out at last
year's requisitioned general meeting. This level of shareholder participation
in the vote was supported by a high level of engagement by retail shareholders
who hold their shares through digital platforms.

 

The vote has been supervised by Civica Election Services, whom the Board
appointed as independent assessor to report on the poll held at the
Requisitioned General Meeting in respect of each of the requisitioned
resolutions.

 

Jonathan Simpson-Dent, Chair of Edinburgh Worldwide Investment Trust, said:

 

"For the second time in less than a year, Edinburgh Worldwide's shareholders
have voted decisively to reject Saba's proposal to install its own nominees to
the Board and the uncertainty that would have entailed.

 

Shareholders have clearly stated their preference for EWIT's unique and
differentiated mandate, investing in some of the world's most exciting and
transformative companies. The Board is resolutely focused on building momentum
through the Path for Growth strategy which has delivered strong returns for
shareholders since its implementation.

 

Saba remains our largest shareholder and we will continue to seek constructive
engagement with them to develop potential solutions that allow us to move
forward. Following a year of significant and costly distraction, we are ready
to return our full attention to our primary purpose: investing in innovation,
transformation, and exceptional potential in a way that respects the clear
wishes expressed by the majority of shareholders both last February and again
today.

 

I would like to thank shareholders for their strong engagement, rigorous
scrutiny, and continued support for Edinburgh Worldwide over the last 12
months."

 

 

 Resolutions                                                                    Votes For                     Votes Against                 Total Votes Cast                       Votes Withheld
                                                                                Number       % of votes cast  Number       % of votes cast  Number       % of total voting rights  Number
 1.        To remove Jonathan Simpson-Dent as a director of the Company         114,522,491  46.8             130,135,995  53.2             244,658,486  70.5                      1,079,039
 2.        To remove Caroline Roxburgh as a director of the Company             114,486,822  46.8             130,191,061  53.2             244,677,883  70.5                      1,059,642
 3.        To remove Mungo Wilson as a director of the Company                  114,522,661  46.8             130,144,725  53.2             244,667,386  70.5                      1,070,139
 4.        To remove Jane McCracken as a director of the Company                114,527,522  46.8             130,142,763  53.2             244,670,285  70.5                      1,067,240
 5.        To remove Mary Gunn as a director of the Company                     114,493,696  46.8             130,172,555  53.2             244,666,251  70.5                      1,071,274
 6.        To remove Gregory Eckersley as a director of the Company             114,440,510  46.8             130,223,775  53.2             244,664,285  70.5                      1,073,240
 7.        To appoint Gabi Gliksberg as a director of the Company               114,382,925  46.8             130,208,620  53.2             244,591,545  70.5                      1,145,980
 8.        To appoint Jassen Trenkow as a director of the Company               114,375,350  46.8             130,209,445  53.2             244,584,795  70.5                      1,152,730
 9.        To appoint Michael Joseph as a director of the Company               114,371,472  46.8             130,211,771  53.2             244,583,243  70.5                      1,154,282

 

Any proxy votes which are at the discretion of the Chair have been included in
the "Votes Against" total. Please note a vote "Withheld" is not a vote in law
and is not counted in the calculation of the proportion of votes "For" and
"Against" a resolution.

 

As at the date of the Requisitioned General Meeting, the total number of
voting rights in the Company was 346,884,292.

 

The full text of the requisitioned resolutions is contained in the Notice of
Requisitioned General Meeting contained in the Circular. The Circular is
available for viewing on the Company's website at https://www.trustewit.com/
(https://protect.checkpoint.com/v2/r02/___https:/www.trustewit.com/___.YXAxZTpncmVlbmJyb29rYWR2aXNvcnk6YzpvOjZmMDk3YzdmNTM1NzZlZWRiZWU5MTljNjJjNzZiYTQ3Ojc6NGY3Yjo1MDY5ZjA0NjU4NDMyMjNjNGRmNTMzMWYzNzUyN2M2NTM3M2FlYjczZGQ4NWFhZDdiOWUxNjcyOWI3ZjgzZjMyOnA6VDpO)
.

 

For further information please contact:

 

Investors:

 

Deutsche Numis

 

Nathan Brown

Tel: +44 20 7547 0569

nathan.brown@dbnumis.com

Matt Goss

Tel: +44 20 7547 0541

matt.goss@dbnumis.com

 

Media:

 

Greenbrook Advisory

 

Rob White / Peter Hewer

+44 207 952 2000

ewit@greenbrookadvisory.com

 

Company Secretary:

 

Baillie Gifford & Co Limited

enquiries@bailliegifford.com

Tel 0800 917 2113

 

 

Notes

 

This announcement is released by the Company and the information contained
within this announcement is deemed by the Company to constitute inside
information for the purposes of Article 7 of the UK version of the EU Market
Abuse Regulation (Regulation (EU) No.596/2014) which forms part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the
publication of this announcement via a Regulatory Information Service, such
information is now considered to be in the public domain. The person
responsible for arranging for the release of this announcement on behalf of
the Company is Baillie Gifford & Co Limited, the Company Secretary.

 

 

 

Baillie Gifford & Co Limited

 

Company Secretaries

 

20 January 2026

 

 

 

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