REG - Keystone Positive Cg - Adjournment of Scheme Meeting

Keystone Positive Change Investment TrustAnnouncement

07/02/2025 17:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250207:nRSG4074Wa&default-theme=true

RNS Number : 4074W  Keystone Positive Change I.T. PLC  07 February 2025

Keystone Positive Change Investment Trust plc (KPC)

 

Adjournment of Scheme Meeting

 

Keystone Positive Change Investment Trust plc (the "Company") announces that
the Second General Meeting, scheduled to be held today in connection with the
proposed scheme of reconstruction of the Company (the "Scheme"), has been
formally adjourned.

 

On 13 January 2025, the Board announced its intention to adjourn the Scheme
meetings in the light of the Saba proposals considered, and ultimately
rejected, by shareholders at the requisitioned general meeting held on 3
February 2025 (the "Requisitioned General Meeting").

 

Following the Requisitioned General Meeting, the Board has immediately
refocused its efforts on delivering the Scheme proposals announced by the
Company prior to the requisition.

 

To give effect to the Scheme, both the Ordinary Shareholders' Class Meeting
and the First General Meeting are required to be held prior to the Second
General Meeting. As both of those meetings were formally adjourned on 27
January 2025 pending the outcome of the Requisitioned General Meeting, an
adjournment of the Second General Meeting is also necessary in order for the
business of the meeting to be properly carried out.

 

The Second General Meeting now stands adjourned to such day, time and place
(and/or electronic platform) as the Board may determine.

 

The Board is continuing to re-engage with stakeholders with a view to
re-scheduling adjourned meetings for shareholders to vote on the Scheme as
soon as practicable.

 

Should this be the case, a revised timetable will be announced by the Company
setting out (among other things) dates for the meetings and extended deadlines
for shareholders to submit proxy votes on, and make elections under, the
Scheme. Shareholders will be notified at least seven clear days prior to any
meetings.

 

For further information please contact:

 

Deutsche Numis (Financial Advisor and Corporate Broker)

Nathan Brown / Matt Goss

Tel: 020 7260 1426 / 1642

 

Baillie Gifford & Co (Investment Manager)

Naomi Cherry

Tel: 0131 275 2000

 

Important information

 

Capitalised terms used throughout this announcement shall have the meanings
ascribed to them in the Scheme circular published by the Company on 6 December
2024, unless the context otherwise requires.

 

Legal Entity Identifier: 5493002H3JXLXLIGC563

 

 

 

Baillie Gifford & Co Limited

Company Secretaries

7 February 2025

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCEAKAXELKSEFA