REG - Schiehallion Fund Schiehallion - MNTN - Result of General Meeting

Schiehallion FundAnnouncement

Mon 11:00

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RNS Number : 6677K  Schiehallion Fund Limited (The)  08 December 2025

LEI: 213800NQOLJA1JCWXQ56

 

8 December 2025

THE SCHIEHALLION FUND LIMITED (MNTN)

 

Result of Extraordinary General Meeting and Intention to Proceed with
Admission to the CEIF Category of the Official List and to trading on the Main
Market of the London Stock Exchange

As announced on 11 November 2025, the Schiehallion Fund Limited (the
"Company") had convened an extraordinary general meeting (the "Extraordinary
General Meeting") to approve resolutions (the "Resolutions") in connection
with the Company's intention to apply for admission of its Ordinary Shares to
listing on the closed-ended investment funds category of the Financial Conduct
Authority (the "CEIF Category") and to trading on the Main Market of the
London Stock Exchange (together, "Admission").

 

The Company is pleased to announce that, at the Extraordinary General Meeting
held earlier today, all Resolutions put forward were passed by way of a poll,
including those detailed below:

 

·    Shareholders approved a special resolution authorising the Company to
implement the Proposals described in the Circular, apply for Admission and
adopt the New Articles; and

 

·    Shareholders approved an ordinary resolution approving a waiver of
Rule 9 of the Takeover Code relating to the proposed issue of the Class B
Share to the Trustee.

 

The following levels of proxy appointments and associated instructions were
received prior to the meeting:

 

 Resolution  Votes for (including votes at the discretion of the Chairperson)  Votes  against   Votes withheld

 1           629,711,989                                                       14,582,690       2,779
 2           629,583,729                                                       14,591,821       61,100

 

Accordingly, the Company has applied for the Admission of all of its issued
shares, being 1,025,203,907 Ordinary Shares. Shareholders do not need to take
any action with respect to their Ordinary Shares (whether held in certificated
or uncertificated form) in connection with Admission. The Company's ISIN and
LEI will remain the same.

The Company also intends to introduce concurrent with Admission a new quote in
GBP for the Ordinary Shares, which will have its own ticker (MNTS) and SEDOL
(BSSDQ53). Admission, and commencement of the new GBP quote, are expected to
take effect at 08:00 a.m. on 10 December 2025.

 

In conjunction with the application for Admission, the Company is required to
make a statement as to the sufficiency of its working capital.  Accordingly,
the Company is of the opinion that the working capital is sufficient for the
Company's present requirements, that is for at least 12 months from the date
of this announcement.

 

For the purposes of this announcement, unless otherwise defined, capitalised
words and phrases shall have the meaning given to them in the circular to
Shareholders dated 11 November 2025 (the "Circular").

 

A copy of the results will be submitted to the National Storage Mechanism and
will be available for inspection
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

For further information please contact:

 

Baillie Gifford & Co Limited

Alex Blake

+44 (0) 131 275 2000

 

Winterflood Securities Limited

Neil Morgan

+44 (0) 20 3100 000

 

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