REG - Smithson Inv.Trust - Result of Meeting

Smithson Investment TrustAnnouncement

23/02/2026 07:00

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RNS Number : 8854T  Smithson Investment Trust PLC  23 February 2026

23 February 2026

 

Smithson Investment Trust plc

 

Legal Entity Identifier: 52990070BDK2OKX5TH79

 

Results of Elections

 

On 10 February 2026, the Board of Smithson Investment Trust plc (the
"Company") announced that Shareholders had approved the proposals for the
scheme of reconstruction and members' voluntary winding up of the Company
under section 110 of the Insolvency Act 1986 (the "Scheme") at the First
General Meeting. Implementation of the Scheme remains subject to, among other
things, Shareholder approval at the Second General Meeting to be held on 27
February 2026.

 

The Board is pleased to announce the following Elections in connection with
the Scheme:

 

·      Rollover Option: 44,435,955 Shares / 41.36 per cent. of issued
Shares (excluding Shares held in treasury); which will be reclassified as
Reclassified Shares with "A" rights, being the right to receive Fund Shares in
Smithson Equity Fund (the "Fund"); and

 

·      Cash Option: 62,991,528 Shares / 58.64 per cent. of issued Shares
(excluding Shares held in treasury); which will be reclassified as
Reclassified Shares with "B" rights, being the right to receive cash.

 

In accordance with the Scheme, eligible Shareholders and CSN Participants that
made no Election have been deemed to have elected for the Rollover Option.

Further information

The Shares were disabled for settlement in CREST from 6.00 p.m. on 10 February
2026 and trading was suspended from 7.30 a.m. on 11 February 2026. Following
the reclassification of the Shares on 25 February 2026, the Reclassified
Shares will be suspended from listing at 7.30 a.m. on 27 February 2026.

Unless the context otherwise requires, defined terms used in this announcement
have the meanings given in the Company's circular to Shareholders dated 22
January 2026 (the "Circular"). The Circular is available for viewing at the
National Storage Mechanism which can be located at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) and on the Company's
website at https://www.smithson.co.uk (https://www.smithson.co.uk/) .

The person responsible for arranging for the release of this announcement on
behalf of the Company is Apex Listed Companies Services (UK) Limited, the
Company Secretary.

Expected Timetable

 Latest time and date for receipt of online voting instructions and PURPLE      9.30 a.m. on 24 February
 Forms of Instruction from CSN Participants in respect of the Second General
 Meeting
 Reclassification of the Shares                                                 8.00 a.m. on 25 February
 Latest time and date for receipt of electronic proxy appointments, CREST       9.30 a.m. on 25 February
 voting instructions and BLUE Forms of Proxy in respect of the Second General
 Meeting
 Suspension of Reclassified Shares and the Register closes                      7.30 a.m. on 27 February
 Second General Meeting                                                         9.30 a.m. on 27 February
 Appointment of the Liquidators                                                 27 February
 Effective Date and Transfer Agreement executed and implemented                 27 February
 Announcement of the Cash FAV per Share, the Final Rollover FAV and the number  27 February
 of Fund Shares to be issued pursuant to the Scheme
 Fund Shares issued pursuant to the Scheme                                      27 February
 First day of dealing in Fund Shares                                            2 March
 Contract notes expected to be despatched in respect of Fund Shares issued      as soon as practicable after the Effective Date
 pursuant to the Scheme
 Electronic payments or cheques expected to be despatched and CREST payments    not later than 10 Business Days after the Effective Date
 made to Shareholders and CSN Participants in respect of the Cash Option
 Cancellation of listing of Reclassified Shares                                 as soon as practicable after the Effective Date
 Note: All references to time in this document are to UK time. Each of the
 times and dates in the above expected transaction timetable may be extended or
 brought forward. If any of the above times and/or dates change, the revised
 time(s) and/or date(s) will be notified to Shareholders and CSN Participants
 by an announcement through a Regulatory Information Service.

 

 

Enquiries:

 

 Smithson Investment Trust plc                                              c/o Burson Buchanan

 Mike Balfour, Chairman
 J.P. Morgan Cazenove (Sole Financial Adviser)                              +44 (0) 203 493 8000

 William Simmonds

 Rupert Budge
 Burson Buchanan (Financial PR)                                             smithson@buchanancomms.co.uk (mailto:Smithson@buchanancomms.co.uk)

 Henry Wilson                                                               +44 (0) 7788 528143

 Helen Tarbet                                                               +44 (0) 7872 604453

 Nick Croysdill                                                             +44 (0) 7815 823412
 Apex Listed Companies Services (UK) Limited (Corporate Company Secretary)  +44 (0) 203 327 9720

 

This announcement is not for publication or distribution in or into the United
States of America. This announcement is not an offer of securities for sale
into the United States. The securities referred to herein have not been and
will not be registered under the U.S. Securities Act of 1933, as amended, and
may not be offered or sold in the United States, except pursuant to an
applicable exemption from registration. No public offering of securities is
being made in the United States.

 

LEI: 52990070BDK2OKX5TH79

 

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