REG - Scot.Mort Inv Tst - Results of General Meeting

Scottish Mortgage Investment TrustAnnouncement

Today 14:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260410:nRSJ0466Aa&default-theme=true

RNS Number : 0466A  Scottish Mortgage Inv Tst PLC  10 April 2026

For immediate release.

10 April 2026

 

 

Scottish Mortgage Investment Trust PLC

 

Legal Entity Identifier: 213800G37DCS3Q9IJM38

 

Results of General Meeting

 

 

The Board of Scottish Mortgage Investment Trust plc (the "Company") is pleased
to announce that, at the General Meeting of the Company held today, the
Resolution approving and adopting the new investment objective and policy as
detailed in the circular to Shareholders dated 16 March 2026 (the "Circular")
was duly passed by Shareholders.

 

The results of the poll were as follows:

 

 ORDINARY RESOLUTION                                                          VOTES FOR (INCLUDING DISCRETIONARY)  %      VOTES AGAINST  %     VOTES TOTAL  % ISC REPRESENTED BY TOTAL VOTES CAST((1))  VOTES WITHHELD((2))

 To approve and adopt the new investment objective and policy as detailed in  351,151,216                          99.72  994,039        0.28  352,145,255  32.66                                       5,123,633
 the circular published by the Company on 16 March 2026

 

((1)) The number of Shares in issue as at the voting record time of 6.00 p.m.
on 8 April 2026 (the "Voting Record Time") was 1,078,166,806. The Company
holds 406,614,074 Shares in treasury. Therefore, the total voting rights in
the Company as at the Voting Record Time were 1,078,166,806 votes
(representing 1,078,166,806 Shares, carrying one vote per Share held).

 

((2)) A "vote withheld" is not a vote in law and has not been counted as a
vote "for" or "against" the Resolution.

Christopher Samuel, Chairman, commented:

"We are very grateful to Shareholders for the depth of their engagement on
this Proposal and for their strong support today with 99.7% of votes cast in
favour.

The limited additional capacity of up to £250 million for investments in
Private Companies (subject to annual Shareholder approval) that has been
approved today provides important flexibility for the Company to pursue
attractive Private Company investment opportunities that arise when the
proportion of the portfolio in Private Companies exceeds 30% of total assets.

We believe this measured change strengthens the Company's ability to pursue
long-term returns on behalf of Shareholders, while remaining firmly within a
disciplined and well governed framework."

Further information

The full text of the Resolution can be found in the Notice of General Meeting
contained in the Circular. The Circular is available for viewing on the
Company's website (https://www.scottishmortgage.com/en/uk/individual-investors
(https://www.scottishmortgage.com/en/uk/individual-investors) ) and on the
National Storage Mechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) ).

Capitalised terms used in this announcement shall, unless the circumstances
require otherwise, have the same meanings given to them in the Circular.

Enquiries:

 Baillie Gifford & Co Limited (AIFM and Company Secretary)
 Claire Shaw        +44 (0)131 474 5115
 Four Communications (Communications agency)
 Jonathan Atkins    +44 (0)203 920 0555 or +44  (0)7872 495396
 Deutsche Numis (Financial Adviser and Broker)
 Nathan Brown        +44 (0)207 547 0569
 Jefferies International (Financial Adviser and Broker)
 Stuart Klein       + 44 (0)207 029 8000

 

 

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  ROMFLFVVSSIILIR



            Copyright 2019 Regulatory News Service, all rights reserved