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Baillie Gifford Shin Nippon PLC shareholders approved two resolutions at a general meeting held on 18 February 2026. The Tender Offer was approved with 114,221,161 votes (99.4% for), and the removal of the 2027 Conditional Tender Offer, introduction of the 2030 Performance Related Tender, and a 2028 AGM continuation vote were approved with 104,590,823 votes (91.3% for).
| Date | 18 Feb 2026 |
| Time | 16:31:26 |
| Category | AGMs and other meetings |
| ID | 5574T |
Baillie Gifford Shin Nippon PLC
Legal Entity Identifier: X5XCIPCJQCSUF8H1FU83
18 February 2026
Baillie Gifford Shin Nippon PLC (the Company) is pleased to announce that at a general meeting of the Company held earlier today shareholders approved both of the resolutions put to the meeting, authorising the Tender Offer; and approving the removal of the 2027 Conditional Tender Offer, the introduction of the 2030 Performance Related Tender and the holding of a continuation vote to be held at the Company's annual general meeting to be held in 2028.
|
Resolution |
Votes for (including votes at the discretion of the Chairman) |
% |
Votes Against |
% |
Votes withheld |
|
Special resolution |
|||||
|
1 THAT, subject to the passing of Resolution 2 below, the Tender Offer be approved on the terms set out in the Circular |
114,221,161 |
99.4 |
647,632 |
0.6 |
65,398 |
|
Ordinary resolution |
|||||
|
2 THAT, subject to the passing of Resolution 1 above, the Company (i) removes the 2027 Conditional Tender Offer; (ii) introduces the 2030 Performance Related Tender; and (iii) hold a continuation vote at the Company's 2028 AGM. |
104,590,823 |
91.3 |
9,998,718 |
8.7 |
344,650 |
A copy of the resolutions passed have been submitted to the National Storage Mechanism and will be shortly be available for inspection at: https:data.fca.org.uk/#/nsm/nationalstoragemechanism.
Results of the Tender Offer and the Tender Price will be published in due course in accordance with the timetable set out in the circular sent to Shareholders on 23 January 2026 (the Circular), which is reproduced below.
Terms used and not defined in this announcement shall have the meanings given to them in the Circular.
Expected timetable
|
|
2026 |
|
Latest time and date for receipt of Tender Forms and submission of TTE Instructions from Eligible Tendering Shareholders
|
1 p.m. on 26 February |
|
Record Date for the Tender Offer
|
6 p.m. on 26 February |
|
Results of Tender Offer Elections
|
27 February |
|
Calculation Date |
close of business on 6 March
|
|
Tender Price |
announced on or around 9 March
|
|
CREST Settlement Date: payments through CREST made and CREST accounts settled for tendered Shares Cheques for certificated Shareholders despatched.
|
Week beginning 16 March |
|
Definitive Share certificates are despatched to certificated Shareholders
|
Week beginning 16 March |
Note: All references to time in this Circular are to UK time. Each of the times and dates in the above expected timetable) may be extended or brought forward. If any of the above times or dates change, this shall be announced through a Regulatory Information Service
For further information please contact:
Neil Morgan
Winterflood Securities
Tel +44 (0) 20 3100 0000
Anzelm Cydzik
Baillie Gifford & Co Ltd
crtallenquiries@bailliegifford.com
Regulated Information Classification: Additional regulated information required to be disclosed under applicable law.