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| TIDM | EWI |
| Share Price | Loading... |
| Market Cap | Loading... |
| Date | 14 Feb 2025 |
| Time | 13:33:10 |
| Category | AGMs and other meetings |
| ID | 2275X |
Edinburgh Worldwide Investment Trust plc
Legal Entity Identifier: 213800JUA8RKIDDLH380
Full Voting Result of Requisitioned General Meeting
Following a Requisitioned General Meeting of Edinburgh Worldwide Investment Trust plc (the "Company"), the Board of Directors ("Board") announces that none of the resolutions proposed by Saba Capital Management L.P. were passed.
Of the total votes cast, 63.8% of shares were voted against Saba's resolutions, in line with the recommendation of the Board. A total of 36.2% of shares voted in favour of Saba's resolutions, including the shares held by Saba.
Shareholders representing 64.7% of the total issued share capital voted on the resolutions. The level of shareholder participation in the vote was supported by a high level of engagement by retail shareholders who hold their shares through digital platforms.
The vote has been supervised by Civica Election Services, whom the Board appointed as independent assessor to report on the poll held at the Requisitioned General Meeting in respect of each of the Requisitioned Resolutions.
Jonathan Simpson-Dent, Chair of Edinburgh Worldwide Investment Trust, said:
"Edinburgh Worldwide's shareholders have spoken: they have rejected Saba Capital's proposal for a fundamentally different strategy based on fundamentally different principles with a fundamentally different investment approach.
"Today's result confirms that this unique mandate still appeals, but shareholders also expect the Trust to deliver. We took decisive action in 2024 with positive early results. Our job now is to deliver the performance our shareholders rightly expect."
|
Resolutions |
Votes For |
Votes Against |
Total Votes Cast |
Votes Withheld |
|||
|
Number |
% of votes cast |
Number |
% of votes cast |
Number |
% of total voting rights |
Number |
|
|
1. To remove Jonathan Simpson-Dent as a director of the Company |
86,787,077 |
36.2% |
152,927,121 |
63.8% |
239,714,198 |
64.7% |
140,433 |
|
2. To remove Jane McCracken as a director of the Company |
86,796,679 |
36.2% |
152,936,553 |
63.8% |
239,733,232 |
64.7% |
102,849 |
|
3. To remove Helen James as a director of the Company |
86,817,499 |
36.2% |
152,901,499 |
63.8% |
239,718,998 |
64.7% |
102,083 |
|
4. To remove Caroline Roxburgh as a director of the Company |
86,770,790 |
36.2% |
152,947,442 |
63.8% |
239,718,232 |
64.7% |
102,849 |
|
5. To remove Mungo Wilson as a director of the Company |
86,786,004 |
36.2% |
152,927,994 |
63.8% |
239,713,998 |
64.7% |
102,083 |
|
6. To remove Mary Gunn a director of the Company |
86,801,870 |
36.2% |
152,911,362 |
63.8% |
239,713,232 |
64.7% |
102,849 |
|
7. To appoint Paul Kazarian as a director of the Company |
86,709,281 |
36.2% |
153,045,156 |
63.8% |
239,754,437 |
64.7% |
61,635 |
|
8. To appoint Jonathan Zucker as a director of the Company |
86,740,825 |
36.2% |
153,013,751 |
63.8% |
239,754,576 |
64.7% |
61,496 |
Any proxy votes which are at the discretion of the Chair have been included in the "Votes Against" total. Please note a vote "Withheld" is not a vote in law and is not counted in the calculation of the proportion of votes "For" and "Against" a resolution.
As at the date of the General Meeting, the total number of voting rights in the Company was 370,315,908.
The full text of the Requisitioned Resolutions is contained in the Notice of Requisitioned General Meeting contained in the Circular. The Circular is available for viewing on the Company's website at https://www.trustewit.com/.
Teneo
Iain Dey
Tel: +44 7976 295906
Oliver Bell
Tel: +44 7917 221748
Investors:
Deutsche Numis
David Benda
Nathan Brown
Tel: +44 20 7260 1000
Baillie Gifford & Co
Naomi Cherry
Tel: +44 131 275 2000
Notes
This announcement is released by the Company and the information contained within this announcement is deemed by the Company to constitute inside information for the purposes of Article 7 of the UK version of the EU Market Abuse Regulation (Regulation (EU) No.596/2014) which forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via a Regulatory Information Service, such information is now considered to be in the public domain. The person responsible for arranging for the release of this announcement on behalf of the Company is Baillie Gifford & Co Limited, the Company Secretary.
Baillie Gifford & Co Limited
Company Secretaries
14 February 2025
Regulated Information Classification: Additional regulated information required to be disclosed under applicable laws