Scot.Mort Inv Tst - AGM Statement

Scottish Mortgage Investment Trust

28/06/2023 15:16

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RNS Number : 2775E  Scottish Mortgage Inv Tst PLC  28 June 2023

SCOTTISH MORTGAGE INVESTMENT TRUST PLC

Legal Entity Identifier: 213800G37DCS3Q9IJM38

Annual General Meeting, 27 June 2023

 

At the Annual General Meeting ('AGM') held on 27 June 2023 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 £7,038,092.60
representing approximately 10% of the total issued share capital (excluding
treasury shares) of the Company as at 12 May 2023. This authority will expire
on 27 September 2024 or, if earlier, at the conclusion of the AGM of the
Company to be held in 2024 (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 £7,038,092.60, being approximately 10% of the issued
share capital (excluding treasury shares) of the Company as at 12 May 2023.
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 27 September 2024 or, if earlier,
at the conclusion of the AGM to be held in 2024 (unless previously varied,
revoked or renewed).

·    Shareholders approved under Special Business an ordinary resolution
authorising the Directors for the purposes of LR15.4.11 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 210,915,824 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 2024 (unless previously varied, revoked or renewed).

 

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

28 June 2023

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

 

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