REG - Scot.Mort Inv Tst - Result of AGM

Scottish Mortgage Investment TrustAnnouncement

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RNS Number : 8251P  Scottish Mortgage Inv Tst PLC  04 July 2025

SCOTTISH MORTGAGE INVESTMENT TRUST PLC

Legal Entity Identifier: 213800G37DCS3Q9IJM38

Annual General Meeting, 3 July 2025

 

At the Annual General Meeting ('AGM') held on 3 July 2025 all resolutions were
passed, including those detailed below.

·    Shareholders approved an ordinary resolution granting the Directors'
general authority to issue shares up to an aggregate nominal amount of
£5,882,033 representing approximately 10% of the total issued share capital
(excluding treasury shares) of the Company as at 19 May 2025. This authority
will expire on 3 October 2026 or, if earlier, at the conclusion of the AGM of
the Company to be held in 2026 (unless previously varied, revoked or renewed).

·    Shareholders approved a special resolution granting the Company
authority to allot equity securities or sell treasury shares for cash on a non
pre-emptive basis up to £5,882,033, being approximately 10% of the issued
share capital (excluding treasury shares) of the Company as at 19 May 2025.
The Directors do not intend to use these powers to issue shares or sell
treasury shares at a discount to net asset value on the basis of debt valued
at fair value. This authority will expire on 3 October 2026 or, if earlier, at
the conclusion of the AGM to be held in 2026 (unless previously varied,
revoked or renewed).

·    Shareholders approved under Special Business an ordinary resolution
authorising the Directors for the purposes of LR11.4.18 of the Listing Rules
of the UK Listing Authority of the Financial Conduct Authority to issue shares
or sell treasury shares (as defined in section 724 of the Companies Act 2006)
for cash at a price below the net asset value per share of those shares
without first offering those shares pro rata to existing Shareholders.

·    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 (excluding treasury shares), being 176,343,368 ordinary shares
of 5 pence. 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. This authority will expire at the conclusion of the AGM to be held
in 2026 (unless previously varied, revoked or renewed).

All resolutions were passed on a poll. A breakdown of the votes registered is
shown below:

 Resolution  Votes for (including votes at the discretion of the Chairman)  Votes Against  Votes Withheld
 1           336,912,760                                                    177,266        519,911
 2           335,027,891                                                    1,425,312      1,150,743
 3           336,722,477                                                    300,415        587,045
 4           335,640,930                                                    561,795        1,407,212
 5           326,474,526                                                    9,766,771      1,363,649
 6           287,377,248                                                    48,870,787     1,361,902
 7           326,263,400                                                    9,970,434      1,371,112
 8           326,361,362                                                    9,893,774      1,349,810
 9           325,958,483                                                    10,219,131     1,427,332
 10          336,167,068                                                    788,984        648,894
 11          336,602,373                                                    424,381        583,183
 12          336,062,715                                                    694,367        846,864
 13          335,365,615                                                    1,362,861      875,470
 14          333,354,491                                                    3,343,602      906,853
 15          326,204,672                                                    10,795,809     609,456

 

The full text of all the resolutions can be found in the Notice of Annual
General Meeting 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

4 July 2025

 

 

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

 

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