REG - Edinburgh Worldwide - Response to proposed resolutions

Edinburgh Worldwide Investment TrustAnnouncement

11/02/2026 07:00

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RNS Number : 4965S  Edinburgh Worldwide Inv Trust PLC  11 February 2026

Edinburgh Worldwide Investment Trust plc

Legal Entity Identifier: 213800JUA8RKIDDLH380

11 February 2026

 

Response to proposed resolutions

 

The Board of Edinburgh Worldwide Investment Trust plc ("Edinburgh Worldwide"
or the "Company"), together with its advisers, acknowledge the notice of
resolutions (the "Notice of Resolutions") received on 10 February 2026 from
Saba Capital Management, L.P. ("Saba") (via Vidacos Nominees Limited) seeking
that the appointment of nominated directors be put forward at the Company's
next annual general meeting (the "AGM").

The Notice of Resolutions requests that, at the AGM, Shareholders of the
Company consider and vote on ordinary resolutions to appoint Gabriel
Gliksberg, Jassen Trenkow and Michael Joseph as directors of the Company and
calls on Shareholders to vote against the re-election of the current Board.

With respect to the Notice of Resolutions, the Board recommends that
Shareholders take no action and await a further announcement from the Company
that will be made in due course.

Notice of the AGM, which is required to be held prior to the end of April,
will be notified to the London Stock Exchange and published on the Company's
website.

Jonathan Simpson-Dent, Chair of Edinburgh Worldwide, commented:

"For the third time, Saba is seeking to replace the entire independent Board
with its own nominees in order to take control of the Company. Saba's basis
for its latest attack has not changed since shareholders rejected its
resolutions on 20 January 2026, just three weeks ago. Saba is also repeating a
number of misleading statements that have featured throughout its aggressive
and personal campaign.

Only three weeks ago, a record 70% of shareholders participated in the second
vote in less than a year, with an overwhelming majority (93%) of non-Saba
holders again rejecting its proposals. Despite this strong shareholder
opposition to Saba taking control, Saba is evidently choosing not to listen
and has, again, chosen not to engage with the Board.

The Board will update shareholders on its plans ahead of the Company's AGM,
due to be held before the end of April."

 

 

For further information please contact:

Investors:

Deutsche Numis

Nathan Brown

Tel: +44 20 7260 1426

Matt Goss

Tel: +44 20 7260 1642

Media:

Greenbrook Advisory

Rob White / Peter Hewer

+44 207 952 2000

ewit@greenbrookadvisory.com

Company Secretary:

Baillie Gifford & Co Limited

crtallenquiries@bailliegifford.com

Tel 0131 275 2000

 

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