REG - Scot.American Inv. - Result of AGM

Scottish American InvestmentAnnouncement

08/04/2025 16:45

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RNS Number : 1854E  Scottish American Investment Co PLC  08 April 2025

The Scottish American Investment Company P.L.C. (SAIN)

 

Legal Entity Identifier: 549300NF03XVC5IFB447

ISIN: GB0007873697

Annual General Meeting

8 April 2025

 At the Annual General Meeting held on 8 April 2025 all resolutions were
passed, including those detailed below:

 

·    Shareholders approved an ordinary resolution renewing the Directors'
general authority to issue shares up to an aggregate nominal value of
£14,423,125.00 (representing approximately 33% of the Company's total issued
share capital as at 10 February 2025) and a special resolution to renew the
Directors' authority to allot a limited number of shares for cash on a non
pre-emptive basis up to an aggregate nominal value of £4,370,643.75
(representing approximately 10% of the Company's total issued share capital as
at 10 February 2025). Both authorities will expire at the conclusion of the
Annual General Meeting of the Company to be held in 2026 or on 8 July 2026
whichever is the earlier, unless previously renewed, revoked or varied.

·    Shareholders approved a special resolution renewing the Company's
authority to make market purchases of up to 14.99% of the Company's issued
share capital, being 25,733,035 ordinary shares of 25p. The Company's
authority permits it to hold shares bought back 'in treasury'. Such treasury
shares may subsequently be either sold for cash or cancelled. The authority
will expire at the conclusion of the Annual General Meeting of the Company to
be held in 2026, unless previously varied, revoked or renewed.

 

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 Chairman)  Votes Against           Votes Withheld

 1             46,422,879                                                          67,933                23,225
 2             45,500,848                                                        832,245               180,944
 3             46,484,898                                                            9,949               19,190
 4             46,178,804                                                        215,435               119,798
 5             46,171,825                                                        218,223               123,989
 6             46,190,152                                                        133,462               190,423
 7             46,209,948                                                        125,471               178,618
 8             46,101,971                                                        219,628               192,438
 9             45,568,530                                                        887,566                 57,941
 10            45,815,943                                                        644,052                 54,042
 11            46,208,162                                                        115,524               190,351
 12            46,154,252                                                        156,831               202,954
 13            43,623,967                                                     2,688,892                201,178
 14            45,568,022                                                        157,106               788,909

 

The full text of all the resolutions can be found in the Notice of Annual
General Meeting contained in the Annual Report and Financial Statements which
is available for viewing at the National Storage Mechanism at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

Baillie Gifford & Co Limited

Company Secretaries

8 April 2025

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

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