REG - Schiehallion Fund - Portfolio Update

Schiehallion FundAnnouncement

27/07/2023 11:30

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RNS Number : 4255H  Schiehallion Fund Limited (The)  27 July 2023

The Schiehallion Fund Limited

("The Company")

Legal Entity Identifier: 213800NQOLJA1JCWXQ56

Portfolio update

As at 25 July 2023, the Company had deployed 83.6% of the C share proceeds
raised in 2021. The Company has agreed to invest $20.7m in a funding round
that is expected to complete on 1 August 2023. The Managers have notified the
Board that, following completion of this investment, at least 85% of the
proceeds of the C share issue will have been deployed, which would enable the
Board to trigger conversion of the C shares into ordinary shares, in
accordance with the Company's articles of incorporation ("Conversion"). A
further announcement will be released in due course setting out the timetable
for Conversion, with Conversion being implemented on a NAV-for-NAV basis.

 

 

Baillie Gifford & Co Limited

27 July 2023

 

 

Regulated Information Classification: Additional regulated information
required to be disclosed under applicable laws and regulations.

 

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